Long
VeChain (VEN/BTC) - Potential C&H pattern w/solid support
VeChain is done correcting and it seems to be respecting support well. Be mindful of the support trend line, if it's crossed downward strongly, then this idea failed.
TP1: 0.000815
TP2: 0.001290
TP1: 0.000815
TP2: 0.001290
Note
Broke below support. If you are hodling keep a good eye on this. If you are planning to sell, wait for the typical rebound. This could also have been whales hunting for stop losses, that's a strategy used to make quick profits. If this is the case, then we should see a fairly quick rebound and a trend continuation.
Trade closed: stop reached
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Related publications
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.