VET/USDT - Three Drives: Bounce off of 200 EMA - 4Hr
Actualizado
Hello Traders,
We will need some patience to watch this one play out but as it stands, we have found some support on the 100 EMA.
If we can hold this and bounce up, we should see a continued uptrend. If we breakthrough, I would expect a three drives situation, leading to support found in the 200 EMA region.
Overall, VET has a lot of great partnerships being announced, market sentiment is very strong and the VET community is one of the stronger ones in Crypto. I don't think we are going to see a huge pullback, but a 30% pullback is very possible. I'm targeting the $.06-$.07 area for my buy zone and a selling area at the $.09 - $.10 region.
Buy the dip, hold and realize gains!
Good luck.
We will need some patience to watch this one play out but as it stands, we have found some support on the 100 EMA.
If we can hold this and bounce up, we should see a continued uptrend. If we breakthrough, I would expect a three drives situation, leading to support found in the 200 EMA region.
Overall, VET has a lot of great partnerships being announced, market sentiment is very strong and the VET community is one of the stronger ones in Crypto. I don't think we are going to see a huge pullback, but a 30% pullback is very possible. I'm targeting the $.06-$.07 area for my buy zone and a selling area at the $.09 - $.10 region.
Buy the dip, hold and realize gains!
Good luck.
Operación activa
Trade is still active and running its course. If we see it break the pattern I've drawn on the chart and continue up, then we can expect it to hold the trend and keep going. BUT, if it does what I think it's going to do moving into the weekend, we should expect a small pullback and then a nice run-up over the next week.
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