VeChain (VEN) Reaching for Prior Wave 2
SUMMARY
VeChain (VEN/USD) is undergoing a broad stroked ABC ZigZag correction. The C wave could be targeting for the prior Wave 2 zone. While the waves could morph into a complex or combination type or decide to go sideways as per the Hurry Up & Wait agenda; the subwave counts can assist in gaining a "geo" positioning of micro to higher degree of trends.
VEN has hit an incremental lower low. The subwaves of the red A wave consist of five waves down and that confirms the ZigZag type. The B wave harbors only three waves labeled as white abc. The red C wave is pointing towards the prior wave 2 zone. The final blue wave 5 needs to subdivide into a smaller degree of trend. The white waves 4 and 5 remain. Again, the direction and wave pathways can morph towards further sideways action but the impulse subwaves look to have a set direction.
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hope things will get better soon!! another crazy week...
I bought ven when it was 5,80. Still not loosing hopes guys. It's a grat project which won't be dependent on bitcoin in june!
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As you have explained, as you are analyzing, progress is being made in the direction of possibilities and if you act on the possibility of the investments made, losses will be experienced and it will always be useful to set a certain strategy for it.
How do you deal with possible conflicts when comparing and alt/USD pair to the alt/BTC pair? Or do they always make sense if put them together with BTC/USD?
Ha ha! Nothing makes sense in crypto!
Seriously though, it's hard to choose. to measure the performance of a coin, I see if it is largely traded in USD (or USDT) or not. Coins like ETH, LTC, ZEC, DASH, NEO have several USD/T pairs and can be measured directly against USD. But in general I prefer to measure alts against BTC. I do my TA that way.
To see the value of any crypto investment I always reference it to BTC. Because if I could have done better by holding BTC, then why did I hold the alt? Having said that, I usually measure ICO performance in terms of the coin that I bought into the ICO with, normally ETH.
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hmmm interesting post
Look long term. A few months is too short a period to analyse VEN/VET. This is a crypto that is going to soar in the long-term.
Coins mentioned in post:
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These work you do is quite amazing, always come up with the unique work and almost every prediction comes right...
Thanks for sharing it with us.
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