$VET H/S Forming to begin right wall of cup (followed by handle)

KUCOIN:VETUSDT   Vechain / Tether

Overall, I am bullish for VET's 2022.
If you take into consideration their niche, and their current partnerships, you'd be bullish on VET also...

If we take the April - May '21 run-up to the .20 cent range, we can consider the top there to be the .786 fib line on a larger scale.

Otherwise, on a smaller scale, it is the .236 "top" fib line but we currently sit under the .786 which acts as resistance.

If you zoom in, you can see the potential formation of an inverse Head and Shoulders which could act as a retest for the green upper trend line .
If it flips it for support, expect a retest / completion of the 2nd shoulder + the starting of the cup wall up to the .618 and .5 fib lines.

If the .5 fib line is flipped when finishing the handle I do not expect much resistance at .382 line... but if there is, expect the handle to be formed.

Or, it could just be a hell of a year for Vechain itself, and none of these lines matter, and we go to $1 and beyond with ease 🤷🏻‍♂️


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