VEN Elliott Wave: 80,000 target
EARLY ANALYSIS
Looking at current chart as ABC correction from a downtrend. ABC becomes W1 in new Elliott Wave. Expect W2 to bounce off long-term trend line around 60,000. W3 breaks through Resistance at 70,000, W5 challenges all-time high at 80,000, correcting to the long-term trend line before next move.
Looking at current chart as ABC correction from a downtrend. ABC becomes W1 in new Elliott Wave. Expect W2 to bounce off long-term trend line around 60,000. W3 breaks through Resistance at 70,000, W5 challenges all-time high at 80,000, correcting to the long-term trend line before next move.
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.