VeChainLong
Possible BOUNCE PLAY for VET!
In my previous analysis for VET, I shared two possible scenarios.
The first one is VET will have an ABC correction wave. The second is a 12345 impulse wave going up. (If you want to check my previous post, just click my profile and find it)
I expected that ABC correction is the most probable to happen.
Based on the chart, the price of VET is near to complete the wave C of the ABC correction wave.
The next wave will be a 12345 impulse wave going up testing the previous high.
However, if Bitcoin continues to fall, it is probable that the price of VET will overshoot down to $0.0042-0.0045.
The said price range is a support zone or buy zone.
Just don’t forget to always set your stop loss.
Hit like and follow me for more updates.
Happy Trading!
Please do your own charting and research.
The first one is VET will have an ABC correction wave. The second is a 12345 impulse wave going up. (If you want to check my previous post, just click my profile and find it)
I expected that ABC correction is the most probable to happen.
Based on the chart, the price of VET is near to complete the wave C of the ABC correction wave.
The next wave will be a 12345 impulse wave going up testing the previous high.
However, if Bitcoin continues to fall, it is probable that the price of VET will overshoot down to $0.0042-0.0045.
The said price range is a support zone or buy zone.
Just don’t forget to always set your stop loss.
Hit like and follow me for more updates.
Happy Trading!
Please do your own charting and research.
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