Long

VET/USD - long term BULLISH view

Updated

We hit our TP on my last call of this pairing, I personally didn't take TP as I have a long term bag but the following is what I see thats up next. H&S formed on 4H and bearish divergence on RSI. Waiting for correction and a bounce from 50% fib.

I'm not your financial advisor nor am I a professional trader. Trade at your own risk.

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0.044 is my TP on my leverage trades.

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Testing H&S neckline now. 0.015 is a good buy area.

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going to long 0.015 area on my leverage trades until I see confirmation candles. Stay cautious until we see good price action.

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Good rejection candles, we may see an up move here.

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We are up ~12% already but breaking lower high of 0.0176 would be a big sign of a bigger up move.

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Broke 0.0176, change of trend is possible now. Keep an eye on new higher highs and higher lows.

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Major dump this morning but price action is still bullish. Longer timeframe shows higher lows hasnt been broken. Keep an eye on todays wick.

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If we get a nice long wick today off the monthly trendline, we may see a nice up move.

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VETUSD we broke short term higher lows but VETUSDT still looks very healthy. Keep an eye here for price action.

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Trade invalidated. Will be posting a new one soon.

pjgonzales

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