VEN VeChain - We hit 78,000 target!! Correction time? Target 36K to 53K SatoshisteemCreated with Sketch.

in #vechain7 years ago


Correction Time?

Five waves have formed. We take fibonacci retracement of all 5 waves to get a possible support using price action, previous supports and resistances, and trend lines. We see a major trend line support, followed by support levels between 36K and 53K satoshi.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

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This is great info, thanks for sharing bud! If you look at this picture for a long run then i suppose selling at this rate is not advisable. Lot of partnership coming up and with the launch of Thor i would say this will 10x by 2019.

After a huge breakout like that its definitely reasonable to expect a bit of correction. But this overall seems like a strong uptrend. a spike in price followed by minor correction over and over again.

Comfortably my best performer over last month, and was thinking it was probably time to sell before correction - thanks for giving me that bit of confirmation I needed.

you are amazing

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