WicktatorFX

VECHAIN - Important Update!

BINANCE:VETUSDT   VeChain / TetherUS
From looking at Vechain on a log chart, we can see that we're still within the ABC correction, held down by the red descending trend line .
in every ABC correction, C wave is almost always 5 waves, which follows the impulsive schematic.

We are now in wave 5 and we're expecting to see 5 clear waves down.

An important thing to note is that in Elliott waves , wave 3 can never be the shortest. At the moment, wave 1 is longer than wave 3. Therefore it is highly likely that wave 5 will be shorter than wave 3. This gives us a clear zone to look at for LONG orders.

Trade Idea:
- For experienced traders, count 5 waves down for wave 5 and enter on the breakout of the 5th wave
- For less experienced traders, watch for a break of the red descending trendline and enter with stops below the lows
- Targets: 0.1, 0.23, HODL the rest and manually close

Goodluck and as always, trade safe!

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