Is the bottom nearly in?

14 août 2018

With VET dropping almost 70% since July 27th, things are becoming really interesting to step in at a discounted price. As you can see VET is forming a bullish wedge and is oversold since August 2. MACD is indecisive though. I expect VET to drop a little bit more towards the 90-100 area before breakout. But it's also dependent on BTC of course. What kind of worries me is that the 21MA appears to be following the upper side of the wedge, so it might act as resistance.

Since I'm beginning to learn TA, I don't know what upside target(s) to expect but I'm happy to hear your thoughts!

15 août 2018

Note

So far so good. Vet broke out of the wedge AND the 21MA. It's still too early to say that will act as support, we will need confirmation, but at least we are seeing some green today.