VET DAILY TRADE #26 -> Triangle Forming
Updated
For a number of ideas now I've had a descending channel and trades based around that. BTC is arguably in a symmetrical triangle, VET is following that lead and forming its own version, so those trend lines provide potential trade setups.
I'm leaning towards BTC getting bullish and testing the upside of this triangle, VET will follow. I don't think theres enough interest to break pattern. I will be looking for shorts at the top of this triangle.
If we can break and close above .113/.114 here on the 4H that would signal a move upwards.
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
==BREAKOUT TRADE==
ENTRY = Buy the 4H break and close of .114
STOP = 4H close below .114
==AGGRESSIVE TRADE==
ENTRY = on trend line, .0998 to .093
STOP = close below trend line
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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I'm leaning towards BTC getting bullish and testing the upside of this triangle, VET will follow. I don't think theres enough interest to break pattern. I will be looking for shorts at the top of this triangle.
If we can break and close above .113/.114 here on the 4H that would signal a move upwards.
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
==BREAKOUT TRADE==
ENTRY = Buy the 4H break and close of .114
STOP = 4H close below .114
==AGGRESSIVE TRADE==
ENTRY = on trend line, .0998 to .093
STOP = close below trend line
--==--==--==--
Fundamentals
--==--==--==--
Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
--==--==--==----==--==--==--
Trade active
Breakout retest targets are:TP1 = .13
TP2 = .135
current SL = .12
Trade closed: stop reached
moved SL to .12 = 5% gain
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