VET | Symmetrical Triangle Breakout Imminent
A very important symmetrical triangle has been forming since the April 2020 crash/consolidation. Currently our weekly candle is well above the upper trendline, but must close above to validate. The price target from symmetrical triangles are calculated from the high to the low point of the beginning of the triangle. This is indicated in the dark blue line. Currently, the price target is targeting .40, with Fibonacci pitstops at .16, .19, .22, and of course, the ATH of .27. Once these are conquered, the price target of the symmetrical triangle is in play.
However, a similar blockchain called OriginTrail (TRAC) may take some profits away from VET. Similar market targets, but quite different fundamentals. Both are great to hold. Diversification is key.
Good luck to all!
Psy
However, a similar blockchain called OriginTrail (TRAC) may take some profits away from VET. Similar market targets, but quite different fundamentals. Both are great to hold. Diversification is key.
Good luck to all!
Psy
Note
**Not financial advice, DYOR, limit margins to 2-3x.
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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.
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.