Technical Analysis of VET revealed that there is going to be trend reversal soon. According to various indicator such as MACD and DMI VET will become bullish in the mid term. Nevertheless, Stoch RSI indicates a small price decrease in the short term which will finish very bullish pattern Inverse Head&Shoulders. This scenario is strengthened by revealed hidden bullish Divergence, as indicator has lower lows edges and the price higher lows.
However in today's BTC manipulated market there can happen a break down it is the second scenario. In such a case there will be typical bearish XABCD which can be used to rebuy at its low and sell at the 1st target.
Probabilities of scenarios: 1st - 70% 2nd - 30%
Free targets, stop loss and buying zone are on the chart
Trade closed: target reached
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1st scenario as we forecasted was more probable, so the price went straight up to the 2nd Free target. The deal is closed for the Basic channel