VET for a break or rejected ?
VET is in a range since May and is currently on the top of this range.
In Daily the MACD is green and in Weekly, MACD is starting to go green too, which mean we have more chances to break this resistance now than we had before.
However, prices could be rejected here and the idea would be to wait for a price confirmation with a Daily close above 15ct, then a pullback to the previous resistance area could be use as an entry.
On the other hand, if we get rejected here, i would wait for a return under 13ct and MACD H4 turning green to go for a long.
For now we can only wait and see how it will play out.
In Daily the MACD is green and in Weekly, MACD is starting to go green too, which mean we have more chances to break this resistance now than we had before.
However, prices could be rejected here and the idea would be to wait for a price confirmation with a Daily close above 15ct, then a pullback to the previous resistance area could be use as an entry.
On the other hand, if we get rejected here, i would wait for a return under 13ct and MACD H4 turning green to go for a long.
For now we can only wait and see how it will play out.
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