VET had broken the resistance (red) line. It is a good thing because VET upward trend is now confirmed. However, it is highly probable that a correction move is due to the VET for a healthy upward movement.
Based on the chart, if it fails to hold above the resistance line, it is probable that it will drop to $.0041 which is now the support for VET.
In addition, If you measure the increase in the price of VET, it is up 82% from its low.
Hence, be careful buying on that level and just wait for the correction first before you buy VET.
Happy Trading!
Please do your own charting and research.
Based on the chart, if it fails to hold above the resistance line, it is probable that it will drop to $.0041 which is now the support for VET.
In addition, If you measure the increase in the price of VET, it is up 82% from its low.
Hence, be careful buying on that level and just wait for the correction first before you buy VET.
Happy Trading!
Please do your own charting and research.
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.