VET / USDT Symmetrical triangle. Formed Dragon. + 60-300%
Atualizado
VET / USDT A symmetrical triangle has formed under the downtrend secondary trend (as a pair against the dollar is a relatively short time). Which can act as a pennant with much larger target areas than the triangle. A breakthrough of the canvas of the triangle will mean a breakthrough of the downtrend line, and this is the potential for a trend reversal.
Also, such a formation as Dragon can potentially work out, provided that the price breaks the downtrend line (red line) and fixes above it.
If the price cannot overcome the downtrend line, then the downtrend will start with the target zone - local lows.
The points (zones) for observation on which this or that movement depends I showed on the graph.
I think the algorithm of work here is clear.
ENTRANCE
1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line).
2) Entry from the previous price lows when confirming support, if in this situation the price can not overcome the downtrend line.
TARGET
1) If the price overcomes the trend resistance line and fixes above it, then such a figure as the Dragon will be confirmed.
The entire length of the "Dragon's tail" is the target zone of this figure.
The potential is from +60 (hump level) to + 300% (head level).
2) If the price does not overcome the downtrend line, then after the downtrend, the entrance is from support and potential at the beginning to the downtrend line, and then how the price will react to it.
Stop loss
Under key support levels during your entry into the market.
The old trading idea of this coin is only for bitcoin. Which gave more than + 200%
VET downward wedge. First target + 60%
Educational idea on the figure of the Dragon.
TRAINING Figure Dragon. Formation. Structure. Target.
Inverted Dragon figure teaching idea.
TRAINING Combination of both inverted dragon and dragon figures at the same time.
Also, such a formation as Dragon can potentially work out, provided that the price breaks the downtrend line (red line) and fixes above it.
If the price cannot overcome the downtrend line, then the downtrend will start with the target zone - local lows.
The points (zones) for observation on which this or that movement depends I showed on the graph.
I think the algorithm of work here is clear.
ENTRANCE
1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line).
2) Entry from the previous price lows when confirming support, if in this situation the price can not overcome the downtrend line.
TARGET
1) If the price overcomes the trend resistance line and fixes above it, then such a figure as the Dragon will be confirmed.
The entire length of the "Dragon's tail" is the target zone of this figure.
The potential is from +60 (hump level) to + 300% (head level).
2) If the price does not overcome the downtrend line, then after the downtrend, the entrance is from support and potential at the beginning to the downtrend line, and then how the price will react to it.
Stop loss
Under key support levels during your entry into the market.
The old trading idea of this coin is only for bitcoin. Which gave more than + 200%
VET downward wedge. First target + 60%
Educational idea on the figure of the Dragon.
TRAINING Figure Dragon. Formation. Structure. Target.
Inverted Dragon figure teaching idea.
TRAINING Combination of both inverted dragon and dragon figures at the same time.
Nota
It goes clearly after the breakthrough, already + 20%
Trade fechado: objetivo atingido
After the breakthrough of the symmetric triangle + 30% and the downtrend main trend, the price rolled back to the trend, returned back to the canvas, was delayed. Support has not been confirmed. The figure of the Dragon was not confirmed. The price dropped to the indicated level.
What we now have for this pair. In a global downward wedge. The price is in the support zones of this formation. In this zone, a further trend is now being decided. The first potential movement I showed.
Nota
There is a breakthrough of the downtrend of the main trend. Potential reversal of the main trend.
Trade fechado: objetivo atingido
Trade fechado: objetivo atingido
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