Bounce after drop, another rising wedge
First, I want to say I am not a professional trader. Just sharing my ideas. Please comment when you think my idea is invalid.
I was right in thinking that VET would drop. The support around 0.0264 held and now we go up. But in this upward movement we seem to form another rising wedge as visible in the chart. Another drop might be incoming. Maybe we will even go to 0.021 to retest the resistance turned into support on the monthly cup and handle neckline.
Any thoughts on this?
I was right in thinking that VET would drop. The support around 0.0264 held and now we go up. But in this upward movement we seem to form another rising wedge as visible in the chart. Another drop might be incoming. Maybe we will even go to 0.021 to retest the resistance turned into support on the monthly cup and handle neckline.
Any thoughts on this?
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