I am watching sushi closely now. Trade safe.
I am very bullish on VET long term. Right now we have a small falling wedge forming with a short term long opportunity.Targets and SL in this trade are based on recent swing highs and lows and direction of the breakout is largely decided by btc price behaviour! Practice proper risk management.
I like to call it the chopsticks pattern. Up or down?
This triangle is reaching its conclusion. BTC is certainly due for a correction but Bulls are still strong and a surprise to the upside is a possibility. This triangle can break out either way. Be safe.
With ascending triangles the price will typically breakout in the same direction as the trend, which is UP. Bullish! Always use tight SL when trading triangle patterns.
What I see for VET right now. Not making any assumption as to which direction either of the triangles will play out. The smaller triangle had a failed breakout followed by a dump which was stopped at the triangle bottom. If this holds I am looking for the smaller triangle to complete and finally break out to the upside. If support fails I will look at the larger...
If triangle(s) break out to the upside we could see another big move up for vet.
Given the bullish rsi and clear hidden bullish div I would like to see btc break out of this triangle to the upside.
Sushi and many other alts have seen an incredible rally in the past few days. Currently Sushi is nearing the completion of a triangle. Can go either direction, largely depending on BTC price movement.
Fil bottomed out locally at a strong support level, giving opportunity for a high risk high reward trade at high leverage, 50X or more. We all need to swing the bat from time to time. Trade at your own risk.
After the massive recent pump FIL started to form a descending triangle. Taking into account how BTC is behaving currently I expect this to break down rather than up.