VET/USDT Potential Upward Movement

VET/USDT Price Long-Term: Bullish

Key Resistance Levels: 0.0679, 0.0700, 0.0750

Key Support Levels: 0.0608, 0.0596, 0.0550

Daily Chart:

On the daily time frame, the price is posting higher highs and lows signaling that the coin is in a clear uptrend. In addition, the price is trading within a bullish channel formation where VET posted a correction count to the lower end of this pattern where the daily support @ 0.0596 USDT level is located.

VET/USDT Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price is trading within a flag formation where the price is heading toward the confluence area between the 0.0597 USDT level and the 61.80% Fibonacci retracement level. Our expectation is a move upward toward the 0.06749 USDT mark.

Signal Idea:

Buy Stop Order @ 0.06085

TP 1 @ 0.06749

TP 2 @ 0.07000

Stop Loss @ 0.05765

Trade Safely 🙂