VET/USDT 12h: Bull-flag break-out & ascending channel respected
Updated
TA: VeChain is looking bullish again after breaking and retesting the parallel channel (beige one) that looks like a bull-flag to me.
Plus ascending channel has been respected the up-trend so it's highly probable we are going for new local high, targeting mid-line channel or parabolic curve.
Current Price= 0.018434
Buy Entry= 0.018560 - 0.017560
Take Profit= 0.020150 | 0.024420 | 0.027970
Stop Loss= 0.015970
Risk/Reward= 1:1 | 1:3.04 | 1:4.74
Expected Profit= +34.71% | +105.66% | +164.61%
Possible Loss= -34.71%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 600h
Plus ascending channel has been respected the up-trend so it's highly probable we are going for new local high, targeting mid-line channel or parabolic curve.
Current Price= 0.018434
Buy Entry= 0.018560 - 0.017560
Take Profit= 0.020150 | 0.024420 | 0.027970
Stop Loss= 0.015970
Risk/Reward= 1:1 | 1:3.04 | 1:4.74
Expected Profit= +34.71% | +105.66% | +164.61%
Possible Loss= -34.71%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 600h
Trade closed: target reached
TP1 with +34% from best entry using only 3x 💪🏼
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