VET Ranging In Falling Wedge, Building Bullish Momentum
Updated
Long signals: falling wedge, golden cross on macd.
Short signal: hidden bear div.
Being a large cap, VET doesn't respond so much to Bitcoin's volatility. It's likely do its own thing and keep ranging within the falling wedge for a while.
It will bounce back to mid 90s, where it will come up against resistance, which will eventually break out. The break out will likely be spurred by news, strong FA and rising activity on the mainnet.
Short signal: hidden bear div.
Being a large cap, VET doesn't respond so much to Bitcoin's volatility. It's likely do its own thing and keep ranging within the falling wedge for a while.
It will bounce back to mid 90s, where it will come up against resistance, which will eventually break out. The break out will likely be spurred by news, strong FA and rising activity on the mainnet.
Note
Targets: the SR lines at 102 and 127 sats.Note
Just fell through support. Will have to get back in there soon to prevent invalidation.Note
Idea invalidated.I will await the formation of a new pattern and then chart it again.
Note
Popped right back into the triangle.Might continue as if nothing even happened.
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