At the 4-hours timeframe chart we can see partially finished Double bottom pattern. This means the price has found its support and is ready to bounce if global market conditions are favorable.
We see a higher low at the trend line and the price candles intersection. Technical indicators are bullish: VET is oversold, trade volume grows and low volatility according to DMI. So the price will bounce finishing the double bottom pattern. If this scenario happens we will see a penetration of Ichimoku clouds which acts like resistance and further wave movement according to our targets.
Keep your stop loss high the market is still risky
We see a higher low at the trend line and the price candles intersection. Technical indicators are bullish: VET is oversold, trade volume grows and low volatility according to DMI. So the price will bounce finishing the double bottom pattern. If this scenario happens we will see a penetration of Ichimoku clouds which acts like resistance and further wave movement according to our targets.
Keep your stop loss high the market is still risky
Handel aktiv:
Bounced from the lowest support the price is now at the buying zone again. The targets remain the same
Trade stängt: målet nått:
Target reached. The price hit 0.00000124 and went up 0.00000129
Profit: 7.8%
Profit: 7.8%
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