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Issue 50 – VET Bullish Reversal Setting Up?

July 30, 2021

With the market still relatively slow, I figured it was a good time to look at one possible scenario that could send VET much higher.

Although the pattern hasn’t set up yet, I like to be prepared for various scenarios just in case.

In today’s issue, I’ll introduce the pattern I’m watching, where I’m interested in buying, and how high it could send VET over the coming weeks. We’ll wrap up with updates on BTC, ETH, LINK, and MATIC.

Let’s begin!

Potential Bullish Reversal Structure

The head and shoulders comes in two forms. The most common is the one that develops at the top of a structure and suggests a bearish move ahead.

However, the other is called an inverse head and shoulders and signals bullish intent—VET could be setting up for the bullish sort.

Full disclosure, this is speculative. VETUSDT hasn’t set up with an inverse head and shoulders, but another pullback will put it one step closer.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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