VETUSDT stalling at measured target. What's next?
Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price).
Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level to watch is that 0.043 area which was a breakout point. This area should hold if we are to see bullish continuation in the very near term (intra-day or the next day or so). Otherwise, we might go into a bigger trading range or even a bigger pullback.
If 0.043 holds, next target would be around that 0.054 area (again a measured objective of the current LTF consolidation pattern). We are in price discovery mode so it will be harder to call price objectives using this strategy. As long as we're going up, I've no complaints. We can certainly go parabolic from here too. :)
Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level to watch is that 0.043 area which was a breakout point. This area should hold if we are to see bullish continuation in the very near term (intra-day or the next day or so). Otherwise, we might go into a bigger trading range or even a bigger pullback.
If 0.043 holds, next target would be around that 0.054 area (again a measured objective of the current LTF consolidation pattern). We are in price discovery mode so it will be harder to call price objectives using this strategy. As long as we're going up, I've no complaints. We can certainly go parabolic from here too. :)
Comment:
Only up this time! :)
