VeChain / TetherUSShort
VET Short
Hi guys!
We are looking a double top. The coin comes from a high season since October, stopping in a strong resistance, the 7976 line.
As we can see, the volume of this second attempt was smaller than the first, characteristic of a double top, forming a trand line in the volume(OBV), that needs to be broken in order for us to have other top.
The projection of the double top can put the price in the 3205 zone.
However, to have confirmation we need to break the 5000 zone [/ b].
Losing the 50 EMA will have a touch on the green line, that coincides with the 50% of fibonacci retraction, and only with its breakdown will reach the 5000 zone.
The Stoch RSI and Volume(OBV) show us that there is still room to fall, reinforcing our falling scenario.
To see a bullish scenario only after the breakdown of the 7976 line.
We are looking a double top. The coin comes from a high season since October, stopping in a strong resistance, the 7976 line.
As we can see, the volume of this second attempt was smaller than the first, characteristic of a double top, forming a trand line in the volume(OBV), that needs to be broken in order for us to have other top.
The projection of the double top can put the price in the 3205 zone.
However, to have confirmation we need to break the 5000 zone [/ b].
Losing the 50 EMA will have a touch on the green line, that coincides with the 50% of fibonacci retraction, and only with its breakdown will reach the 5000 zone.
The Stoch RSI and Volume(OBV) show us that there is still room to fall, reinforcing our falling scenario.
To see a bullish scenario only after the breakdown of the 7976 line.
Disclaimer
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.