VET has not moved significantly yet in line with other altcoins, they usually move together. The general structure looks like this dip below the range is just a deviation and it will be confirmed once we brake back above 102 sat. On a fib retrace we can see 87 sat. has been acting as decent support no 1W candle closed below it, and 1D closed below then instantly got back above.At 1W we can see it is near an ATL and the price has been around that level for over 3 weeks now, I would say this should expand soon.
At 4H we can see the box I drew is the body of a bearish candle from a previous low which has been acting as support, no 4H candle has closed within it.
I was tempted to take the trade at 87 sat. but I wanted to see some form of confirmation, the 1D close above that level was good enough for me.
Trade active
I am watching this area carefully (100-102 sat), If i see a rejection might just close to re-buy cheaper.Note
Don't like this PA so farTrade active
Still holding for nowTrade closed: stop reached
I was greedy, when we hit the S/R at 102 sat. should have sold then.
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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.