VET trade on the weekly - idea

Looks like after a long time of consolidation, VET is ready to make it's move.

1. first entry was 2 weeks ago, which is now in good profit
2. confirmation with MACD cross over
3. W - pattern is forming
4. rsi is continuously pointing upwards
5. second entry possible once resistance is broken
6. keep stop loss tied to the lower band

--- this is just an idea and not financial advise, utilize on your own risk ---

trade 1: active
trade 2: pending

Note

touched resistance, once broken enter new trade with 50% of first trade and move stoploss to lower band

Trade active

looks like resistance is breaking on the daily, which also caused another MACD cross on the daily. Time to enter the 2nd trade.

Note

trade still active and fighting the 0.18 resistance on the daily. It might go sideways for a couple of days and should break the resistance by the end of the week.

Looking at the ichimoku cloud, we can clearly see that we are seeing a breakout on the weekly as well, which is an additional confirmation to stay in the trade and not close our positions yet, but might be beneficial to take some profits.

looking at the weekly picture of this idea, we can see that we are still doing well and are also about to cross the MACD on the VET/BTC pair, which is another good sign.

berlinguyinca

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berlinguyinca