Hello everyone,
Today we would like to take a look at VeChain as I think we are presented with a great opportunity here.
The price was currently still in a downward trend, which shows the structure of a diagonal. Such a diagonal is characterized by 5 waves and each of these individual waves is shorter than the previous one. This is extremely important in order to be classified as a diagonal. Now that we've broken this structure, I believe we could finally exit this downtrend and impulsively move to new highs again. I am assuming we are in a major wave 3 as we have corrected more than 50% of the last impulse overall
So this means that the next wave is very likely to be 162% as long as the last wave, which leads to a price target of around $10.
What do you think about VeChain? Are you invested yourself?
This is no financial advice.
Today we would like to take a look at VeChain as I think we are presented with a great opportunity here.
The price was currently still in a downward trend, which shows the structure of a diagonal. Such a diagonal is characterized by 5 waves and each of these individual waves is shorter than the previous one. This is extremely important in order to be classified as a diagonal. Now that we've broken this structure, I believe we could finally exit this downtrend and impulsively move to new highs again. I am assuming we are in a major wave 3 as we have corrected more than 50% of the last impulse overall
So this means that the next wave is very likely to be 162% as long as the last wave, which leads to a price target of around $10.
What do you think about VeChain? Are you invested yourself?
This is no financial advice.