alanmasters

VeChain (VET) ABC Correction

BINANCE:VETBTC   VeChain / Bitcoin
Did you get to see my XVGBTC trade idea with the classic ABC Correction?

We are very likely to have a similar scenario develop for VeChain (VETBTC).

This is not the only possible scenario of course but it is the most common one.

After a strong bullish wave, it is completely normal to have a strong correction before any additional growth is printed on the chart.

Which means that we are likely to see VETBTC bounce from the current price to around 0.00000188 just to fall lower to establish a new support level from which prices can consolidate and then print a new jump that can result in either a higher high or lower high depending on how the market is looking 1.5 months from now.

There you have it...

Please keep in mind that this information is simply based on past experience... The charts are always changing and if you are trading you need a plan on what to do based on what is happening and not take action based on some assumption or potential scenario.

This is not financial advice.
This information here is shared for learning and/or entertainment purposes only.

I hope you enjoyed the content... And I am always really happy and deeply grateful for your continued support.

This is Alan Masters... The King of Crypto πŸ˜„πŸ˜…

Namaste.
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Comments

Same issue here as with XRP, undervalued in comparison to top cryptos, blow off tops have to go somewhere, like cheap alts.
Reply
great analysis alan! thanks
Reply
Same type of layout for VET/USD? Most likely needs a bit more correction before moving back up. Could see it ranging down to 0.0155 range
Reply
Thank you! Could you check EWT please? Huge potential πŸ”₯
Reply
alanmasters fswlgkkt
@fswlgkkt, This is how the chart looks like... NO history

+2 Reply
fswlgkkt alanmasters
@alanmasters, ow yes, no history, thank you very much anyway πŸ‘
Reply
let's hope to get to 188
Reply
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