I think hitting the major uptrend at the gold and possibly blue level is inevitable - You can see how this current phase played out on the previous square
There will be a bounce around $560 up to $650 area, but then more down to closer to $500 - Buys for longs will fill nicely at $475-$525 depending how aggressive you want to be *)
Before exiting the old price range last summer Btc had one last touch on the sub level uptrend - This year could see the same
You're beneath support of the uptrend and the 161.80% fib, you're going down - 1st blue band is a bounce, it wont last, 1260 to 1686 type thing - Could go as low as 730 - Good luck *)
One of these 3 levels should stop the price falling - I would think that more upside is likely regardless of where you buy here - Its important that the candles hold the parabolic channel on support of the Gann 1x2 fib ray or the price will drop lower
One of the 2 blue bands depending on the strength of the market - Around $9.80/$10.00 is first - If that turns out to just be a bounce then the price could see as low as $6.50-$8.00
Its possible we get to the blue band on the 4th arc pair or get stopped by the downtrend - Either way I believe the best buy zone for the huge move that many believe Vechain will make this year is in that yellow box
We're going to retouch the major uptrend again during the inevitable summer slump - Buys will get filled $51-$55 nicely - Neo should see $320 next time we hit the top at ramming speed
On the blue bands - How low we go depends how long the winter - Currently i would say $9.80-$10.00 and if that breaks then $7.50-$8.00
Below the red line is bearish, above is bullish -The candles have broken the 5th Arc Pair and the next Gann support is the Bottom of square at $7677 - If we break that with any force then the next Gann support is $4861, there are fibs before that where the price could bounce - The price needs to get above the red line
New candle opened above support of the Gann Bottom of Square - The candles need to hold the 1x1 fib ray for the price to remain bullish - Next resistance at the 3rd Arc Pair and the 161.80% fib - The 4th Arc Pair is around $962 - We will see *)
Liking the maths here - On the fundamental side Powr has just had its first commercial deployment in the US - www.smartcompany.com.au
Doge changed from the last 3 cycles and looks like its shadowing a movement from 3 years ago - Resistance and support on the arcs and fibs
Wan has held the 100% fib and has support on the 3rd Arc Pair - I expect the candles to move towards the 1x2 Gann fib ray, when it hits this ascending support Wan should finish the chart with the price reaching the mid to high 0.0011's possibly low 0.0012s' - Breaking of the 1x2 would leave Wan candles looking for support on the 1x1 Gann fib ray and 78.60% fib...
Tapping on the arc pair and coming up to ancient resistance with major support on the 1x1 ascending Gann fib ray - Resistance on the 5th Arc around 0.0214 on the way
Holding the 1x3 fib ray - Targets on the arcs if we hold this channel are $3.20 and $3.80
The candles have to break the Gann 2x4 fib ray in white - If they get thru that the price gets into the next range and can hit the 100% fib and underside of the Gann 2x2 fib ray - I've had this chart running for many weeks, we can see it is about to finish and a new cycle is about to begin