Another pennant present, could expect a little pull back, if i was to re enter as the set up has already triggered i would look to buy within the golden zones if the price pulls back and signals it will continue long.. (Take at own risk) Price is currently sat just underneath the 2nd interim within an ascending channel, many situations are possible while following...
Its fair to say VET has had quite the pump in the last 4 weeks almost tripling in price. However, in just a few days, we sharply dropped back to around 0.00500, a level in which price has used as resistance a few times in the past. Price may now be using this as support for the current retracement also lining up with the 0.618 fib. Price has wickd below bouncing...
VET/USD just completed the 4th sub-wave of the higher degree 3rd.
I'm expecting one more leg up to complete the 3rd.
f you've found this useful, feel free to donate. thanks.
I have already posted my analysis of vet/usd on the week and day. this is a closer look at the sub waves on the 4 hour chart.
As i said before, this looks like the start of a 3rd wave on the larger time scale.
we are currently forming the first sub-waves 1 and 2 of the primary wave 3.
if my count is correct we could get a 90% gain total from the primary wave.
VET looks to me like its completed a wave 1 & 2 and is just starting wave 3.
comments and feedback are welcome and appreciated.
if you found this useful or just take pity on a starving crypto trader ;) then feel free to donate. thanks.