WicktatorFX

VECHAIN - Important Update!

BINANCE:VETUSDT   VeChain / TetherUS
From looking at Vechain on a log chart, we can see that we're still within the ABC correction.
in every ABC correction, C wave is almost always 5 waves, which follows the impulsive schematic.

We are now in wave 5 and we're expecting to see 5 clear waves down.

An important thing to note is that in Elliott waves , wave 3 can never be the shortest. At the moment, wave 1 is longer than wave 3. Therefore it is highly likely that wave 5 will be shorter than wave 3. This gives us a clear zone to look at for LONG orders.

Trade Idea:
- For experienced traders, count 5 waves down for wave 5 and enter on the breakout of the 5th wave
- For less experienced traders, watch for 5 waves down and draw a descending trendline and enter on break of trendline
- Targets: 0.1, 0.23, HODL the rest and manually close

Goodluck and as always, trade safe!

Want more chart ups like this? Click the links below:

Forex: t.me/Wicktator

Crypto: t.me/Crypto_Wick

Forex VIP: t.me/WicktatatorVIP_bot

Crypto VIP: t.me/CryptoWickBot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.