VET/USD Main trend. Accumulation / distribution. Pivot zonesThe main trend. Logarithm. Time frame 1 week.
This time frame is more for orientation, where the price (area to work or monitor now) is in the main trend and what is the potential for price decrease/increase from its values now. The exception, this work and analysis is for investors and position traders with large capital, who are not interested in short-term and medium-term price movements for a small %.
The average prices of the accumulation and distribution zones of the last cycle are marked. Previously actively traded this coin, the previous ideas fixed under this trading idea.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work .
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Secondary trend.
