Updated
VeChain: Quick 17% Profit (Falling Wedge Pattern)
Hello Traders,
I have been interested in VeChain for awhile, and I think this would be a good buying opportunity.
Looking at 4 hour chart, we see that textbook Falling Wedge is starting to form, and it seems like VeChain will bounce at this major support.
This is how I am going to make this trade:
1) Wait until VeChain reaches to down trendline --> if we see a bounce then I will sell all shares and buy at the major support again (blue arrows)
2) If VeChain manages to surpass down trendline --> I will buy more and cash out profit 48K Satoshi and 60K Satoshi (green arrows)
Happy Trading!
I have been interested in VeChain for awhile, and I think this would be a good buying opportunity.
Looking at 4 hour chart, we see that textbook Falling Wedge is starting to form, and it seems like VeChain will bounce at this major support.
This is how I am going to make this trade:
1) Wait until VeChain reaches to down trendline --> if we see a bounce then I will sell all shares and buy at the major support again (blue arrows)
2) If VeChain manages to surpass down trendline --> I will buy more and cash out profit 48K Satoshi and 60K Satoshi (green arrows)
Happy Trading!
Trade active
37K Satoshi is a major support.Trade active
VeChain is looking to breakout!
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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.