VET Ascending Triangle Breakout to ATH - 62.95% Profit Potential
Hello Future Millionaires!
Hope you are doing well and profiting greatly from all your trades!
We can see that VET just bounced off a very long-term trend line dating all the way back to May 21st, 2020.
We can also see VET printing an ascending triangle below strong resistance on the daily and lower time frames.
I am looking for a close above 0.020429 to confirm an entry.
***NOTE***
The ascending triangle can be seen very well on time frames below the daily.
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.
-The purple lines are support/resistance.
-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier lines may are typically smaller time frame trends and patterns (like 4H and 1H).
-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.
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Entry: 0.020429
T1: 0.020750
T2: 0.021100
T3: 0.021400
T4: 0.021700
T5: 0.022300
T6: 0.023000
Stop: 0.019584
--
R:R: 3.04
Risk: 4.14%
Reward: 12.59%
Leverage: 5X
Leveraged Risk: 20.7%
Leveraged Reward: 62.95%
Risk Assessment: MEDIUM
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
Hope you are doing well and profiting greatly from all your trades!
We can see that VET just bounced off a very long-term trend line dating all the way back to May 21st, 2020.
We can also see VET printing an ascending triangle below strong resistance on the daily and lower time frames.
I am looking for a close above 0.020429 to confirm an entry.
***NOTE***
The ascending triangle can be seen very well on time frames below the daily.
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.
-The purple lines are support/resistance.
-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier lines may are typically smaller time frame trends and patterns (like 4H and 1H).
-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.
---
Entry: 0.020429
T1: 0.020750
T2: 0.021100
T3: 0.021400
T4: 0.021700
T5: 0.022300
T6: 0.023000
Stop: 0.019584
--
R:R: 3.04
Risk: 4.14%
Reward: 12.59%
Leverage: 5X
Leveraged Risk: 20.7%
Leveraged Reward: 62.95%
Risk Assessment: MEDIUM
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
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