VET downward wedge. First target + 60%
Updated
After breaking through the horizontal channel that existed for about 7 months, the coin formed a downtrend that has existed for more than 3 months. A falling wedge that could become a reversal pattern. The first target on the figure + 60%. Further on the situation, the price on the pump can reach the previous support of the horizontal channel which has now become resistance.
Sell in pieces at key levels. All goals are indicated on the chart. Do not be greedy. It’s better to get a little profit, but often than a lot - never! The price may go down to the designated zone (purple zone). Use Stop Loss depending on your strategy.
Legend of the VeChain project.
VeChain is a corporate blockchain ecosystem whose goal is to improve supply chain management by connecting blockchain technology with the real world through a “comprehensive governance structure, robust economic model, and advanced IoT integration.” VeChain allows manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement and origin of products in the supply chain.
Established in June 2015, VeChain positions itself as "a pioneer in real-world applications using public blockchain technology with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong and San Francisco."
Sell in pieces at key levels. All goals are indicated on the chart. Do not be greedy. It’s better to get a little profit, but often than a lot - never! The price may go down to the designated zone (purple zone). Use Stop Loss depending on your strategy.
Legend of the VeChain project.
VeChain is a corporate blockchain ecosystem whose goal is to improve supply chain management by connecting blockchain technology with the real world through a “comprehensive governance structure, robust economic model, and advanced IoT integration.” VeChain allows manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement and origin of products in the supply chain.
Established in June 2015, VeChain positions itself as "a pioneer in real-world applications using public blockchain technology with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong and San Francisco."
Trade active
Trade closed: target reached
Note
The price is currently well kept above the second goal of wedge development.
Perhaps now they will draw a pennant canvas and compress volatility. In this case, all this upward movement + 104% from the zone of breakthrough of the sideways channel can act as the flagpole of the pennant. The potential goals are huge. Everything is on the chart.
A very important area is 107-127 Satoshi. Fixing prices in this zone will give good upside potential.
This is a risky trade, as a coin from the buy zone I specified increased from + 150-170%. Entrance on a breakthrough or rollback after a breakthrough. But this is more an update for those who are already in position.
Note
Trade closed: target reached
Trade active
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