As expected, VTHO has paused for a breath. I think the two most likely scenarios are both bullish:
Scenario 1: 24-28 hrs consolidation, then a continuation up along the inner parabola
- I still have an open position with my stop ziplining behind the inner parabola
- Not looking to buy here
Scenario 2: 5-7 days consolidation/retracement, then a move up along the outer parabola
- Looking to buy if I see a convincing bounce off the outer
Scenario 1: 24-28 hrs consolidation, then a continuation up along the inner parabola
- I still have an open position with my stop ziplining behind the inner parabola
- Not looking to buy here
Scenario 2: 5-7 days consolidation/retracement, then a move up along the outer parabola
- Looking to buy if I see a convincing bounce off the outer
Note
Keeping an eye on the retracement- Looking for a bounce in the 0.0135 - 0.0155 range. I'm staying away if there isn't a clear bounce.
- If the outer parabola breaks, will probably retrace closer to 0.01.
Note
Could be going slightly ahead of schedule. Looking for a clear breakout with volume. Good luck!Note
Watching the market closely today (BTC et al). If the dump continues I may take a pass on this and stay in fiat until we see how things shake out. Still looks good though for now, I just like to play things conservatively. Hurts more to lose money than miss out on money that could have been - there will always be other opportunities.Note
Testing support at 0.016. If it holds here, may be the level to watch for the bounceNote
ranging towards the outer parabola (purple curve). if you haven't set a stop yet, probably a good idea (also, why?). I'm keeping my stop behind the parabola. Give it a little room to breathe, lines aren't perfect. still pretty confident where this one is heading, but what the hell do i know?!Note
ok i'm out on this one. need to keep an eye on VET. as soon as VET goes, VTHO will goDisclaimer
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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.