VET/BTC: H&S and confirmed channel breakout
Updated
VET/BTC sucessfully broke out of a multi-month channel it formed since July and retested it sucessfully. At the same time it is forming an inverse Head and Shoulders pattern at the end of a downtrend, which is a good sign of a trend reversal. If it manages to close above the neckline around 100 sats we should see it rise a lot. This might happen a lot quicker than indicated by the green arrow. This could happen much faster than indicated by the green path.
Invalid if it closes below 60 sats.
Invalid if it closes below 60 sats.
Trade active
Neckline broken. Enter long with Target 210 sats. SL 59 satsNote
Took a while but stop-loss was not hit and now it looks like it finally wants to break out. Send it.
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