ðĨ VET Forming A Massive Long-Term Bull-Flag
Since hitting the all-time high during May-21, VET has been trading bearish-sideways.
During this period of sideways movement, a bear flag has been drawn on the chart. Be aware that this assumes that the current bearish move is over and that the bottom is in.
Assuming we're going up from here, I'm expecting a bullish move towards the top of the channel. We can either break bullish or reverse after hitting the top of the channel. Since bull-flag patterns are classically bullish patterns, a bullish break out is to be expected. This also assumes that the crypto bull-cycle is far from over and can potentially take another 6-12 months.
Happy trading!
During this period of sideways movement, a bear flag has been drawn on the chart. Be aware that this assumes that the current bearish move is over and that the bottom is in.
Assuming we're going up from here, I'm expecting a bullish move towards the top of the channel. We can either break bullish or reverse after hitting the top of the channel. Since bull-flag patterns are classically bullish patterns, a bullish break out is to be expected. This also assumes that the crypto bull-cycle is far from over and can potentially take another 6-12 months.
Happy trading!
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