VECHAIN - The Final Breakdown

VET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.

We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.

Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region

Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest

Let us know what you think!

🥃Crypto Signals Since 2017 🥃

💎Telegram 💎

📈 Signals/Algos 📈

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.