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VET/USDTPERP Potential Upward Movement

VET/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 0.11077, 0.11462, 0.11500

Key Support Levels: 0.09987, 0.09302, 0.09250

Daily Chart:

The price on the higher time frame is in a clear uptrend since the market is posting higher highs and lows. The price failed to break a strong daily support around the 0.099870 USDT mark which could lead to a reversal and a move higher again in the same direction of the main trend.

VET/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price is traded inside a bullish flag formation where the price posted a double bottom formation around the key level. This could lead to a reversal and a move upward toward the target profit mentioned below.

Signal Idea:

Buy Limit Order @ 0.09991

TP 1 @ 0.11053

TP 2 @ 0.11462

Stop Loss @ 0.09691

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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