In my previous post, I shared that a correction is imminent for VET.
Based on the chart, it happened and it was a massive dumped from $0.008 to S0.0045 (Wave A)
I also shared that there is two buy zone/support level for VET to watch on.
These are $0.0062 and $0.005 dollars.
These buy zones were tested and hit when VET follows the movement of BTC.
After correction, it is expected that a bounce will happen when the price of VET hits $0.005.
This bounce happened. (Wave B)
Now, I think the wave B is just starting.
I expect for wave B to test S0.0062-0.007.
After the completion of the bounce, it will drop again to retest the support at $0.005 if it fails to break the resistance at $0.0063.
HOWEVER, if the price of VET perfectly holds at $0.0062, it is possible to test the major resistance at $0.009-0.010.
Don’t forget to always set your stop loss.
Happy Trading!
Please do your own charting and research.
Based on the chart, it happened and it was a massive dumped from $0.008 to S0.0045 (Wave A)
I also shared that there is two buy zone/support level for VET to watch on.
These are $0.0062 and $0.005 dollars.
These buy zones were tested and hit when VET follows the movement of BTC.
After correction, it is expected that a bounce will happen when the price of VET hits $0.005.
This bounce happened. (Wave B)
Now, I think the wave B is just starting.
I expect for wave B to test S0.0062-0.007.
After the completion of the bounce, it will drop again to retest the support at $0.005 if it fails to break the resistance at $0.0063.
HOWEVER, if the price of VET perfectly holds at $0.0062, it is possible to test the major resistance at $0.009-0.010.
Don’t forget to always set your stop loss.
Happy Trading!
Please do your own charting and research.