VET/BTC 1D (Binance) BullFlag on midline support & falling wedge
Updated
VeChain is moving inside that descending parallel channel for 6 months now, better be prepared for next move-up.
On lower time-frame, we can also see a falling wedge forming, this is a clear bullish pattern.
I'm expecting a breakout sooner or later, patience is the key don't forget about that!
Buy Entry= 0.00000047 - 0.00000045
Take Profit= 0.00000054 | 0.00000065 | 0.00000082
Stop Loss= 0.00000036
Risk/Reward= 1:1 | 1:2.22 | 1:4.11
Expected Profit= 20.00% | 44.44% | 82.22%
Possible Loss= -20.00%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
On lower time-frame, we can also see a falling wedge forming, this is a clear bullish pattern.
I'm expecting a breakout sooner or later, patience is the key don't forget about that!
Buy Entry= 0.00000047 - 0.00000045
Take Profit= 0.00000054 | 0.00000065 | 0.00000082
Stop Loss= 0.00000036
Risk/Reward= 1:1 | 1:2.22 | 1:4.11
Expected Profit= 20.00% | 44.44% | 82.22%
Possible Loss= -20.00%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
2/3 entries filled.Trade closed: target reached
TP1 with +20.00%, that's 100% using 5x, patience always pays off!Now facing channel resistance as well, I'm taking some profit here and hold the rest for breakout.
Trade closed: target reached
TP2 with +44.44% (222.2% using 5x margin leverage).The channel broke-out as expected, 200MA holding price now, last target still valid!
Trade closed: target reached
And that's a wrap, TP3 hit with +82.22% profit without leverage (411.1% using 5x) in less than a month! Now let's wait and see if it goes down a bit.
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