Hello traders,
Looking at daily chart, we see that Vechain just broke out from orange trendline, supported by large volume. Currently, Vechain is accumulating at blue trendline.
In case of breakout, next selling target is 141 Satoshi, looking to get back in at 38.2% fib level (130 Satoshi), where we see a confluent layer of resistance.
Stop loss: 119 Satoshi
Risk Reward: 6.67
Happy trading!
Looking at daily chart, we see that Vechain just broke out from orange trendline, supported by large volume. Currently, Vechain is accumulating at blue trendline.
In case of breakout, next selling target is 141 Satoshi, looking to get back in at 38.2% fib level (130 Satoshi), where we see a confluent layer of resistance.
Stop loss: 119 Satoshi
Risk Reward: 6.67
Happy trading!
Note
Vechain found solid support at 119 Satoshi. It will probably form tightening equilibrium/bull flag from here for more bullish action! Again the target for this trade is 140 Satoshi, but there are few swing trade opportunities.
Note
Vechain is about to breakout. The volume is increasing. However, this could be also fake out. Wait for the confirmation in 5/15 min time frame. Swing idea is indicated in the graph (in case of bull breakout)
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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.
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.