After a brief recovery, VeChain is trending lower once more. The low of the orange wave ii from early February is approaching but shouldn’t be undercut for the structure of the orange impulse wave iii to remain intact. Soon, we expect a decisive and sustained breakout of this wave iii above the resistance at $0.08. As a mid-term target, the entire orange five-wave sequence should ultimately complete the blue wave (iii).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.