VeChain / TetherUS
Long

Descending triangle / Potential Bullish reversal

367
Hello Traders,

-On 1D time chart we can see clearly that a descending triangle was formed and a breakout was validated yet in order to push the price higher we need to see buyers taking a step forward pushing the price higher to the last swing 0.154$ along with a decent amount of volume which will give us a bullish sign, if not the price might breakdown and we can go back again to our last strong supports 0.1$ - 0.080$.

-Until now as we know that a descending triangle is in general a bearish pattern but since we had a breakout an potential reversal pattern ( uptrend ) is on the rise.

-Wait for confirmation after breaking our last swing ( orange zone ) then set your entries /stop losses upon it

Good Luck Traders!

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