VET is approaching 2 key reversal zones which should be paid close attention to.
VET has been making higher highs and higher lows indicated that we are in an uptrend. Naturally we'd want to see another higher low to indicate that we are still in a bullish trend.
The first area is the parallel channel support. We already tested the 61.8 fib but we can hover here and spike down a little more before moving up.
The other important area is the 78.6 fibonacci where we have structure.
Watch for a clear bounce off one of these two levels and enter with stops below the rejected area.
Target the recent highs as first target and then HODL the rest.
VET has been making higher highs and higher lows indicated that we are in an uptrend. Naturally we'd want to see another higher low to indicate that we are still in a bullish trend.
The first area is the parallel channel support. We already tested the 61.8 fib but we can hover here and spike down a little more before moving up.
The other important area is the 78.6 fibonacci where we have structure.
Watch for a clear bounce off one of these two levels and enter with stops below the rejected area.
Target the recent highs as first target and then HODL the rest.
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.