VET/BTC 8H (Binance) Double bottom & falling wedge: Fib. retrace
Updated
VeChain is looking for a Fibonacci retracement after its double bottom at 63 satoshis:
Entry range= 0.00000064 - 0.00000068
Take Profit= 0.00000081 | 0.00000086 | 0.00000092
Stop Loss= 0.00000051
Risk/Reward ratio= 1:1 | 1:1.33 | 1:1.73
Fib. Retracement= 0.382 | 0.5 | 0.618
Expected Profit= 22.7% | 30.3% | 39.4%
Possible Loss= -22.7%
Entry range= 0.00000064 - 0.00000068
Take Profit= 0.00000081 | 0.00000086 | 0.00000092
Stop Loss= 0.00000051
Risk/Reward ratio= 1:1 | 1:1.33 | 1:1.73
Fib. Retracement= 0.382 | 0.5 | 0.618
Expected Profit= 22.7% | 30.3% | 39.4%
Possible Loss= -22.7%
Trade active
0.00000066 entry hit, fill your bag.Note
Already reached 0.00000073, that's +10.6% but keep holding tight!Note
Went down to a lower low at 59 sats (wedge support) then broke-out again. Price is back in buy zone and targets are still valid!Trade closed: target reached
At last TP1 was hit, I unloaded a big part of my bag there and I'm buying back in entry range now.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.