pjgonzales

VET/USD - long term BULLISH view

Long
pjgonzales Updated   
BINANCE:VETUSD   VeChain
We hit our TP on my last call of this pairing, I personally didn't take TP as I have a long term bag but the following is what I see thats up next. H&S formed on 4H and bearish divergence on RSI. Waiting for correction and a bounce from 50% fib.

I'm not your financial advisor nor am I a professional trader. Trade at your own risk.
Comment:
0.044 is my TP on my leverage trades.
Comment:
Testing H&S neckline now. 0.015 is a good buy area.
Comment:
going to long 0.015 area on my leverage trades until I see confirmation candles. Stay cautious until we see good price action.
Comment:
Good rejection candles, we may see an up move here.
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We are up ~12% already but breaking lower high of 0.0176 would be a big sign of a bigger up move.
Comment:
Broke 0.0176, change of trend is possible now. Keep an eye on new higher highs and higher lows.
Comment:
Major dump this morning but price action is still bullish. Longer timeframe shows higher lows hasnt been broken. Keep an eye on todays wick.
Comment:
If we get a nice long wick today off the monthly trendline, we may see a nice up move.
Comment:
VETUSD we broke short term higher lows but VETUSDT still looks very healthy. Keep an eye here for price action.
Comment:
Trade invalidated. Will be posting a new one soon.
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