#VET
is still trading within a Descending Channel that has established a long-term bearish structure. The channel is clearly defined by the red dynamic resistance line and the yellow dynamic support line, with the green line acting as the median/dynamic equilibrium area. However, there has been an important change in the recent price action: VET has made a strong rebound from the lower part of the channel and is now starting to move back toward the major resistance. It is better to pay attention to this coin, wait after the breakout from the resistance line of this pattern, then open a buy / long position after that.
Short term target is at least 15%+ after successfully breaking through this resistance line.
It should also be noted that if Bulls/Buyers lose momentum here, then prices may be under pressure again.
