VETUSD - very BULLISH long off possible corrective bounce
Updated
Since my last trade idea became invalidated on VET due to a longer corrective wave than expected we finally touched major resistance off 0.01 resistance and bounced. Also bounced from double bottom neckline.
VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4.
Keep an eye on 0.015 levels, we could have one more shakeout and a re-test to 0.01. I'll post another idea if price hits 0.019 to see if our past target of 0.044 is still possible.
Short term TP levels are 0.0155 - 0.0.19.
Remember trade what you see and not what you think. Always look at price action and if you don't feel comfortable get out.
NOT a financial advisor, trade at your own risk.
VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4.
Keep an eye on 0.015 levels, we could have one more shakeout and a re-test to 0.01. I'll post another idea if price hits 0.019 to see if our past target of 0.044 is still possible.
Short term TP levels are 0.0155 - 0.0.19.
Remember trade what you see and not what you think. Always look at price action and if you don't feel comfortable get out.
NOT a financial advisor, trade at your own risk.
Comment
Looking bearish, rejected 3 times off CAM S4. Keeping an eye on price action.Comment
Activated longs on bullish news, possible up move.Comment
We break 0.0137, we may see the current wave I put up.Comment
Trade is in play.Related publications
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