VETUSD
Fib retracements confirm we are out of the pullback and consolidation period. Downward trendline broken, double bottom on 4hr chart confirmed post breakout of wedge (two green dots on Cypher B indicator, coincide with price action of 4hr chart).
3 confirmations of bottom
-Price action (always look at candles before indicators, rule #1)
-Fib levels held, and price action breakout of downward trend.
-double bottom on 4hr price action with dual confirmation on cypher B at these levels.
.24 is first price target, then look to following fib levels for resistance/ profit taking around .25 <-> .30
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