See how VET consistently moves in 4 waves within the channel Also notice that a full retracement is profoundly visiting the fib 0,618 after every 4th wave cycle As btc is still at play a stop loss can be moved upwards every time a new resistance level has been breached to secure profit
Selling the tops gives you an excellent buy back opportunity As VET is a very active community in search of new partnerships globaly , a sudden bigger move to the upside should always be anticipated . After selling the tops an OCO order can be placed where you target the 0,618 for new buying opportunity as wel put a stop limit just below your previous selling point to avoid a double top scenario .
In the event of a breakout above the channel , you will have an opportunity to buy back when the upper trendline becomes support in the backtest
Great analysis and very clear! Thank you for sharing.
Hypothetically speaking, what are your previsions for VET during this year?
beatmesoft
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@bulloclock, thank you for your comment , my target for this year is 0,30 cent , i have a descent bag of VET hoping to maximise it on the way up - i trust the asset as it succes is based on real adoption rather than concept speculation which in my believe will be crucial ones the pandemic solutions will have there effect and things turn back to normal. A team like VET will understand when to announce which news + on top you have this auto staking VTHO on different exchanges like binance for example . The more people getting involved in the project the more long term hold will happen and staking itself will become very profitable for partners involved.
bulloclock
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@alexanderfeliers, totally agree! I came a bit late to know VET but I'm gradually buying it as well. Under 10 cents it is absolutely a steal and worth of investing. Will use your analysis in future looking for buying more on a retracement or even when it brakes above the channel. Thanks again and good luck!