Its fair to say VET has had quite the pump in the last 4 weeks almost tripling in price. However, in just a few days, we sharply dropped back to around 0.00500, a level in which price has used as resistance a few times in the past. Price may now be using this as support for the current retracement also lining up with the 0.618 fib. Price has wickd below bouncing perfectly from the 50MA and holding back above the fib and the resistance line.
I believe we will hover at this level for a few days before another burst to the upside.
simply airing my ideas, in no way am i implying you should take a trade based in my own analysis.
I believe we will hover at this level for a few days before another burst to the upside.
simply airing my ideas, in no way am i implying you should take a trade based in my own analysis.