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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.