VeChain heading towards $ 10
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.
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.