TradingView
InkyGrip
Apr 7, 2022 6:52 AM

VETUSDT Pullback Long

VeChain / TetherUSBinance

Description

The price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance.

On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again.

How to approach?
The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$
––––
Keep in mind.

🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Comments
DeGRAM
Awesome🔥
InkyGrip
@DeGRAM, cool mate
UnknownUnicorn15614419
Thanks for sharing!
InkyGrip
@TradingStat, you are welcome
AtlasTrades
Your VET/USD idea seems to be pretty accurate, I also have the same view, thank you.
InkyGrip
@AtlasTrades, thanks so much bro
Helical_Trades
There's a formed topped order-block on Feb 9th, It could plays as S/R zone too...
Let see if we can get the support here or no !
InkyGrip
@Helical_Trades, nice comment, feel free to share your chart mate
More