VeChain (VEN): Breakout out at D or E Wave?

in #vechain7 years ago

SUMMARY

VeChain (VEN) has not entered into its 4th correction month and the whole time has been spent on patterning out a downward symmetrical triangle. The prior impulse of five waves did not have an extended 5th and so the retracement is likely not to reach the prior wave 2 level.

The symmetrical triangle is best labeled as ABCDE (red) waves and each has a subwave of abc three waves. However, there are ample instances of when price breaks out at wave D and not complete to wave E. Given that the MACD has breached the upper blue resistance line, there is preference for a D wave breakout. Regardless, even if the E wave is completed, the resulting breakout would have near same destination.

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nice

Verry nice post big thumbs up and a resteem from my side for hard work and dedication.

Wow you are such a great worker. I could not get you at very first time. Thank you for your post. God bless you.

hopefully the future gets better, thanks @haejin has shared.

Hi Haejin!!

Thank you so much for extending your kindness with your constant updates :) I was wondering what you would have to say about DNT. Thank you, Haejin!!

a very useful post, thank you for sharing your knowledge, regards from our success continue @ haejin ..

sensacional...

there are also two other factors that determine the prices :

  1. demand and sypply 2.volume

What can technical analysis do if there is not enough demand.

what if the volume is decreasing rapidly?

In total agreement with you, crypto is a crazy world driven by whales. Any sort of TA stands no chance.

subscribe to you, TA and FA are right in their place but other things also affect serverly.

I sincerely hope for the appreciation from you and we want also our reputation goes up so please please help me