Description
⋅ Here is my short term EW count for BITFINEX:VETUSD
Both the weekly RSI and Stochastic are showing signs of real strength.
My initial target for the wave of this impulse is around .0676 (1.618 fib extension)
We may see an ABC correction from there before breaking this resistance and moving higher.
I'll post updates as this wave nears completion to show what my thoughts are next for this chart.
Overall, BITFINEX:VETUSD is showing a lot of strength and we could see much higher prices in 2024.