Bullish Scenario
Bearish Scenario
These are just my personal ideas and what I think might play out in the next few hours. Any other ideas right now will be greatly appreciated. Take care guys!
- Price breaks out and hold green lines as supports after a retest.
Bearish Scenario
- Price breaks down and hold red line as resistance
- Red line rejects price after a retest
- Heads down towards the yellow line
These are just my personal ideas and what I think might play out in the next few hours. Any other ideas right now will be greatly appreciated. Take care guys!
Comment:
VET has broken the first resistance line; however, stochastic RSI is already near the overbought zone and the previous high has not been broken yet. There is a high possibility that VET could be coming back to test the resistance line(now acts as a support) before going upwards if the line does hold.