earlier today we posted a small update with a short term projection for our beloved VET. I wanted to present a small addendum with a different bias, drawn on a larger timeframe.
We want to consider multiple scenarios to confirm or falsify or bias either up or down. As you can see in above chart, a projection on larger timeframes is still in play as of today. However, it can be observed that we are currently testing the bottom of that channel, and it would require a large move up to stay in around the median . If this doesnt happen, and the price breaks out downwards of the channel, we can invalidate our theory and add it to our argument.
Hope this was helpful!