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pjgonzales
Aug 17, 2020 12:19 AM

VET/USD - long term BULLISH view Long

VeChain / US DollarBinance

Description

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.

Comment

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.
Comments
shaquilleab
Interesting take, curious on how the fib retracement implemented in this chart. Hopefully this plays out
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