The secondary trend. Logarithm. Time interval: 3 days.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work.
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Local area of double bottom 40%
Major trend. Time frame 1 week.
VET/USD Main trend.Accumulation/distributionPivot zones
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work.
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Local area of double bottom 40%
Major trend. Time frame 1 week.
VET/USD Main trend.Accumulation/distributionPivot zones
Comment:
Local situation in the horizontal channel zone 300 days (10 months). Rollback after an attempted breakout of the downtrend (the entire 1.5 year downtrend secondary trend). Re test of the breakout zone.
Trade closed: target reached:
I haven't updated it for a long time because of the risk/profit ratio. Similarly as on LINK a big bowl is formed after the exit from the horizontal channel of conditional accumulation. At the moment +140% from the channel support. This is half of the target of this formation. An important point is the mirror support level (former resistance) marked in yellow color.
It is a very aggressive "stick" dump. It is important, for the continuation of the uptrend development is the price fixation above this resistance level, possibly through a pullback to the dynamic support of the big bowl (if there is a significant correction in the market). Coin on super profit funds, but very HYIP among the crypto community and youtube bloggers. Just be mindful of this and observe mani management in your work.
It is a very aggressive "stick" dump. It is important, for the continuation of the uptrend development is the price fixation above this resistance level, possibly through a pullback to the dynamic support of the big bowl (if there is a significant correction in the market). Coin on super profit funds, but very HYIP among the crypto community and youtube bloggers. Just be mindful of this and observe mani management in your work.
Trade active
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: www.instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: www.instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
