Based on the recent bullish trend in VET, the price has undergone a correction and is currently exhibiting a structure resembling a typical round bottom formation.
If this pattern materializes as expected, it could lead to the formation of a small cup before a potential breakout.
The chart indicates the presence of a buyback zone and an important external demand zone, both of which are acting as strong support levels. Additionally, there is an internal supply zone and established resistance targets.
Your insights and engagement through comments and likes are appreciated. Thank you.
If this pattern materializes as expected, it could lead to the formation of a small cup before a potential breakout.
The chart indicates the presence of a buyback zone and an important external demand zone, both of which are acting as strong support levels. Additionally, there is an internal supply zone and established resistance targets.
Your insights and engagement through comments and likes are appreciated. Thank you.
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Trade active:
The price is persisting in its attempt to form the previously mentioned round bottom pattern. The buyback zone has slightly shifted upwards, and the immediate target now serves as a significant resistance level that must be overcome for a substantial rally to commence.
Trade active
Trade active
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