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thedailychartist
Oct 18, 2020 9:20 PM

VETUSDT Weekly Inside Bar Forming at Support Long

VeChain / TetherUSBinance

Description

Last week's candle was a bullish pin bar. We might see another bullish pin bar this week, along with a possible inside bar pattern

Little choice for the market but to break out. Question is, which direction? :)

PS. Still a few hours to go before the weekly close so let's see if we do see an inside bar pattern here.

Comment

Bullish breakout hasn't played out just yet. But 0.01 is still holding like a champ currently. A break lower is quite probable but about 40% of me thinks this is a bottom, which is often a good enough probability to go long.
(Note: not an advice to go long)

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