Vechain is in the contraction phase and draws a triangle on the daily chart. The longer such phase lasts, the bigger the breakout is. If VeChain reaches its Point of Control on the daily chart before 23rd and the move is impulsive (big candles on hourly in the direction of the trend) and supported by increased volume as well, further move upside is likely.
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I am recording the success rate of all my analysis in 2020. Here is how I am doing so far:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC, BATBTC which haven't reached any targets yet.
I will consider this analysis successful if the price breaches POC level and close above. If the price breaches the level but quickly returns, it will be considered void. If it moves above and remains there one day and reverses before reaching the target and hits stop loss as a result of that, this analysis will be recorded as incorrect.
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I am recording the success rate of all my analysis in 2020. Here is how I am doing so far:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC, BATBTC which haven't reached any targets yet.
I will consider this analysis successful if the price breaches POC level and close above. If the price breaches the level but quickly returns, it will be considered void. If it moves above and remains there one day and reverses before reaching the target and hits stop loss as a result of that, this analysis will be recorded as incorrect.