kennethvanboven

Whats next for VET? CONGRATS with you GAINZ!

Long
BINANCE:VETUSDT   VeChain / TetherUS
First of all congrats with your profit on VET VETUSDT . You made 25% (spot trading) if you followed my previous Long call. Check my last post to take a look.

Ok. Whats the deal at this moment? We still have some room left for a upwards movement and this is why:
- VET is in a bullish trend. Check the blue trend line.
- We're moving towards the daily 200 MA.
- We broke the 50 and 100 MA.
- Breaking the 200 MA and the path is clear towards the brown resistance box.
- There is still a decent volume.

But why do you have to be careful?:
- We see a bearish divergence.
- Breaking the trendline means we're in for a (small) correction.
- The brown box is the next resistance zone.
- The 200 MA could give resistance.

Happy trading!!

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