VET/USD (4Hour)
Bullish case:
- Has found previous support and broke through resistance lines.
- Cup and Handle looks to be in play with it possibly hitting old support which should serve as resistance at the $0.08 range
- Golden Cross looking to form in the upcoming candles
Bearish Case:
- Could get rejected at the peak of the handle at $0.07.
Thoughts?
Bullish case:
- Has found previous support and broke through resistance lines.
- Cup and Handle looks to be in play with it possibly hitting old support which should serve as resistance at the $0.08 range
- Golden Cross looking to form in the upcoming candles
Bearish Case:
- Could get rejected at the peak of the handle at $0.07.
Thoughts?
Trade closed: stop reached
Couldn't break above the resistance 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.
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.