SkyRock Signals

​​#Analysis

#VET

At the 4-hours timeframe chart we can see partially finished Double bottom pattern. This means the price has found its support and is ready to bounce if global market conditions are favorable. We see a higher low at the trend line and the price candles intersection. Technical indicators are bullish: VET is oversold, trade volume grows and low volatility according to DMI. So the price will bounce finishing the double bottom pattern. If this scenario happens we will see a penetration of Ichimoku clouds which acts like resistance and further wave movement according to our targets. Keep your stop loss high the market is still risky