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MyCryptoParadise
Sep 30, 2023 12:03 PM

VET/USDT Break the Bullish Flag, Bullish Momentum ???  

VeChain / TetherUSBinance

Description

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💎 VET has successfully breached the Bullish Flag pattern, indicating a continuation of bullish momentum, potentially leading to further upward movement. It is anticipated that VET will undergo a retest in the Demand Zone (DZ) before persisting in its trajectory.

💎 The optimal purchasing point for VET would be within the DZ area, or alternatively, one could wait for a retesting phase. Prior to the breakout, VET experienced some consolidation within the Demand area and eventually broke out, marked by a robust green candle. Utilizing the target pattern of the Bullish Candle, the maximum target VET is projected to reach is the Bearish OB, coinciding with a potent Supply area.

💎 This scenario would be invalidated if VET closes below the Bullish OB area on a daily basis.
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