VET Technical Analysis: A Reversible Pattern Is Formed

The VET cryptocurrency has shown itself quite well during the last 5 trading weeks. Our main scenario, which we published in the previous article, is working out perfectly and step by step. The first target is a test of $0.08 was implemented by buyers. During the 2 trading weeks, buyers were able to raise the VET price by almost 100%. For a while, the VET price rose above $0.08. However, buyers failed to close the 28 March trading week with confidence. As a result, the expected local price rebound began. https://www.tradingview.com/x/PgCFzhdU/ The main target of buyers to complete the formation of the reversal pattern in the VET market is to keep the range of $0.055. By implementing this plan on a weekly timeframe, market participants will receive a concrete signal of the weakness of sellers and the readiness of the price for a rapid growth wave. The first global target of such a growth wave is $0.124. This mark will show how buyers are ready to break the global downward trend from April 2021. While this mark is under the control of sellers, it is too early to talk about updating the historical high and a new raid of buyers. However, the price growth from $0.055 to $0.124 is a pretty good medium-term trade in the current realities of the cryptocurrency market. Technical Analysis Of VET On The Daily Timeframe https://www.tradingview.com/x/oYiI3KTP/ Analyzing the movement of VET prices on the daily timeframe, we can conclude. th...