VET was ascending in a channel before its shoot-up and now it seems to be retracing back for a while,
we can be optimistic about its rally if the specified Green Support Area stands,
Green Support Area has confluences with Fibonacci Golden Zone and top boundary of the same Ascending channel.
The retracement also can be channeled for better understanding and our Longing preparation.
I think it is a wise decision to wait and watch the price to fall and touch the 0.04366 area few time and then opening the Buy position.
we can target the 0.07750 as the support stand and the rally restarted.
please post your analysis in the comment section...
we can be optimistic about its rally if the specified Green Support Area stands,
Green Support Area has confluences with Fibonacci Golden Zone and top boundary of the same Ascending channel.
The retracement also can be channeled for better understanding and our Longing preparation.
I think it is a wise decision to wait and watch the price to fall and touch the 0.04366 area few time and then opening the Buy position.
we can target the 0.07750 as the support stand and the rally restarted.
please post your analysis in the comment section...
Comment:
still waiting for the shoot. holding the position
Trade closed: target reached
