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It seems that VET has compeleted a head and shoulders pattern in the weekly timeframe which means it may pullback to $0.07896 resistance zone and then probably carshes to $0.03455 - $0.03341 support zone.
at the bottom right, in the circle, the morning star formation has already been confirmed which is a very strong confirmation of bullrun.
both of them have been formed in weekly timeframe which is very strong signal to present two different trends in near future.
should traders take the morning star formation into consideration, then they may go long from $0.06400 and exit on $0.07890
or if you look at the H&S pattern, it's better go short from $0.07895 resistance zone and exit on $0.03341 - $3455 support level
this is a personal idea and I am not a financial adviser.
It seems that VET has compeleted a head and shoulders pattern in the weekly timeframe which means it may pullback to $0.07896 resistance zone and then probably carshes to $0.03455 - $0.03341 support zone.
at the bottom right, in the circle, the morning star formation has already been confirmed which is a very strong confirmation of bullrun.
both of them have been formed in weekly timeframe which is very strong signal to present two different trends in near future.
should traders take the morning star formation into consideration, then they may go long from $0.06400 and exit on $0.07890
or if you look at the H&S pattern, it's better go short from $0.07895 resistance zone and exit on $0.03341 - $3455 support level
this is a personal idea and I am not a financial adviser.
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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.