TradingView
BitonGroup
Feb 15, 2021 9:31 AM

VeChain is Retracing 15/02/2021 

VeChain / TetherUSBinance

Description

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...

Comment

still waiting for the shoot. holding the position

Trade closed: target reached

Comments
FXtrades-gp
I like this chart pattern , well done 👍
BitonGroup
@FXtrades-gp, thank you so much, my pleasurer
UnknownUnicorn8793021
UnknownUnicorn8793021
sound's great.that's huge target
BitonGroup
@mehditgh, yes it seems to be huge but feasible
MMBTtrader
that breakout would be huge profit well done
BitonGroup
@MMBTtrader, yea lets see how far will it retrace. thanks for comment
ForecastCity_World
Great work.
here is our idea:

Let us know your feedback, we would appreciate it.
BitonGroup
@ForecastCity_World, it seems to me a very accurate speculation, it shall reach the specified target as you said, thanks for sharing dear
UnknownUnicorn15614419
Thanks for the hard work!
Is it possible that the price will break through the channel before it goes down to support?
More