🔥 VET Huge Break Out: Parabolic Price Action

٣٠ مارس ٢٠٢٢

Around a week ago I made an analysis on VET where I discussed the bullish break out through a bear market trend line. Since then, VET has gained around 40% in value. Congratulations if you took the trade.

With most indicators severely overbought, I think we're going to see some consolidation on the chart. Naturally, I'm still very bullish, but we need to cool off a little after several days of huge gains.

I'm scouting an entry inside the area between the two last targets. If we're reaching hourly oversold levels, we might've found a lower high and resume the bullish move. Target placed at $0.1

Happy trading!