VET

Trade setup: Bullish breakout from a Falling Wedge pattern signaled resumption of Uptrend. Price rallied +67% to $0.052 resistance but got very overbought (RSI > 80!) and rejected on two attempts. Now we wait for price to either 1) break above $0.052 to signal continuation of uptrend, with +20% potential upside to $0.06 next, or 2) pull back near $0.04 support for a swing entry in Uptrend with +25% upside potential back to $0.052. (set a price alert).

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.

Support and Resistance: Nearest Support Zone is $0.040 (previous resistance), then $0.034. The nearest Resistance Zone is $0.052, then $0.060.