VeChain (VEN): Breakout out at D or E Wave?
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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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...
woh
there are also two other factors that determine the prices :
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