VET USDT - break of symetrical triangle coming soon
VET USDT has been moving in a symmetrical triangle for about 14 days now. The closing point of the triangle is Tuesday 30th June (4 days from now); however, a break is expected either today or over the weekend.
Currently waiting to see which way the break will go and monitoring the previous swing highs and lows for entry and stop loss positions.
Expectation is that price will break to the upside, however, I will trade this break either way (up or down) and position will only be entered upon confirmation of the break of triangle and on significant volume.
Not financial advice, only my opinion. Please do your own research.
Currently waiting to see which way the break will go and monitoring the previous swing highs and lows for entry and stop loss positions.
Expectation is that price will break to the upside, however, I will trade this break either way (up or down) and position will only be entered upon confirmation of the break of triangle and on significant volume.
Not financial advice, only my opinion. Please do your own research.
Comment:
The triangle is still holding. Be patient and wait for the break with confirmation. Don't jump in too early.
Comment:
Comment:
The triangle has been broken to the upside but volume doesn't look all that significant and this could be a fake out.
Confirmation of breakout to the upside would be a price move above the previous swing high. If this does happen I'll target an entry at that 0.009190 with a stop loss at 0.008753.
The triangle has been broken to the upside but volume doesn't look all that significant and this could be a fake out.
Confirmation of breakout to the upside would be a price move above the previous swing high. If this does happen I'll target an entry at that 0.009190 with a stop loss at 0.008753.
Comment:
There's been a few fakeouts so far but generally the triangle remains.
Comment:
The price is getting closer and closer to apex of the triangle. There will be a resolution soon. Be patient.
Comment:
VET broke to the upside. Over time the price may move up towards to previous local high at 0.10500.