VET has broken out of the channel that began in early Jan.
Ideally it will test 0.05 before finding support on the channel line projection in conjunction with the short term trend line in green.
It could also go straight up from here and break right through the 0.05 major resistance, however it will look extremely oversold and fatigued on both the RSI and Stochastics. Would be a more sustainable upward movement if it retests support first.
Ideally it will test 0.05 before finding support on the channel line projection in conjunction with the short term trend line in green.
It could also go straight up from here and break right through the 0.05 major resistance, however it will look extremely oversold and fatigued on both the RSI and Stochastics. Would be a more sustainable upward movement if it retests support first.