VeChain breaking out of ascending triangle a fakeout?

It looks to me like we'll see an adorable attempt at an explosive breakout from this ascending wedge around 11 am EST. In the long run, I'm bullish on VeChain. In terms of the next week, I'm going to treat this as a great temporary exit point because I suspect that we're going right back down after making this move then trading sideways before re-testing support and resuming the climb in August. VeChain has had a monster run and needs time to consolidate before we see more accumulation. Keep in mind, the ascending triangle will stay in play until it's convincingly broken. It'll probably extend along the charts for about two to four weeks.

Trade closed: target reached:

I hope you took your bags and ran!