VET Big Symmetrical Triangle rebound
VET/USD (Daily)
Bullish Case
- Uptrend Support Line being held, seem to have found Support between $0.07-0.08 area which is previous supports and range for a while now.
- Symmetrical Triangle intact.
- MACD/Signal and Histogram reversing
- RSI low and reversing.
- Bullish Divergence with RSI.
- Market Cipher B shows a Big Bullish push-up with a print of multiple Green Dots printed at the lows.
Bearish Case
- Can see further drops to the next lows at $0.055-0.06
Thoughts?
Bullish Case
- Uptrend Support Line being held, seem to have found Support between $0.07-0.08 area which is previous supports and range for a while now.
- Symmetrical Triangle intact.
- MACD/Signal and Histogram reversing
- RSI low and reversing.
- Bullish Divergence with RSI.
- Market Cipher B shows a Big Bullish push-up with a print of multiple Green Dots printed at the lows.
Bearish Case
- Can see further drops to the next lows at $0.055-0.06
Thoughts?
Note
Looks like we have found our temporary bottom, we are now retesting previous support now turned resistance at $0.095, if we break through the next zones should be all the fib areas as shown.
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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.
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.