VET is currently at the end of the C wave in the ABC pattern, using the Schiff pitchfork we can see how the channels have been holding the price throughout 2020 up to now (mainly the 2.0 medians). Keep an eye on the price as it may bounce off the resistance at $0.56-$0.60, another key price level is at the $0.42 mark that could trigger a reversal to the upside and probably fuel the trend to break the ATH (this could take many weeks/months to unfold) but for now we need to figure out the global market and primarly BTC. In conclusion, I'm bullish on VET and it seems to be in a good spot for buyers for the long term.
This is not a financial advice, just an opinion.
This is not a financial advice, just an opinion.
Note
the channel holds perfectly after going below for about a month, next target at $0.1
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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.