I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
VETBTC; on the weekly chart it seems that a giant inverse head and shoulder pattern is creating. Currently there is a right shoulder in the making.
I don’t often use a fib time zone but in this case the tool works perfect to get an idea when a lower high will be set. As you can see on the chart it worked out well twice. When the right shoulder is created we can try to break the neckline.
Since this pattern is in play since 2018 I expect the rally after the break to be huge. Target is on the chart.
VETBTC; on the weekly chart it seems that a giant inverse head and shoulder pattern is creating. Currently there is a right shoulder in the making.
I don’t often use a fib time zone but in this case the tool works perfect to get an idea when a lower high will be set. As you can see on the chart it worked out well twice. When the right shoulder is created we can try to break the neckline.
Since this pattern is in play since 2018 I expect the rally after the break to be huge. Target is on the chart.