VET has broken out from its long-standing descending parallel channel and is now forming a bullish ascending triangle right below the breakout zone. Price is currently grinding higher along support, showing signs of consolidation before a possible move.

A clean break above the horizontal resistance around 0.0220–0.0225 could open the path toward the 0.0262 PMH zone and beyond.

However, if the ascending structure fails and the price drops below 0.0188 PYL, we could see a fakeout into the lower trendline for potential retests of 0.0181–0.0170 levels.

🚀 Eyes on the breakout for a potential trend reversal confirmation. #Blacenti

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