Based on the recent bullish trend in VET, the price has undergone a correction and is currently exhibiting a structure resembling a typical round bottom formation.
If this pattern materializes as expected, it could lead to the formation of a small cup before a potential breakout.
The chart indicates the presence of a buyback zone and an important external demand zone, both of which are acting as strong support levels. Additionally, there is an internal supply zone and established resistance targets.
Your insights and engagement through comments and likes are appreciated. Thank you.
If this pattern materializes as expected, it could lead to the formation of a small cup before a potential breakout.
The chart indicates the presence of a buyback zone and an important external demand zone, both of which are acting as strong support levels. Additionally, there is an internal supply zone and established resistance targets.
Your insights and engagement through comments and likes are appreciated. Thank you.