VeChain (VEN): Consolidating before Reaching Higher!! Target $13.62 (117% Profit Potential)
SUMMARY
VeChain (VEN) has completed five impulse waves up. Elliott Waves states that after five waves, there is a requisite a,b,c correction. This means that the correction will be either a zig zag (5,3,5), a falt (3,3,5), a triangle (a,b,c,d,e) or a combination. There are 36 possible corrective Elliott Wave counts and that leaves about 2.7% chance of getting the right one. This a good reason to stand aside during corrections and why the most ideal time to take profits is at the end of the fifth waves.
The below chart shows the consolidation phase in progress. Likely, it would be a triangle and once the a,b,c,d,e waves are complete, the rise is expected to bring in all time new highs.
Here is the future price pathway projection. The waves are able to carry the price to $13.62 or 117% profit potential. T
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
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Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Thanks for your analysis. It's a big help!
looks good. will do some research. thanks.
is TRON MAKING A DOUBLE ELLIOTT WAVE COMBO ?
I think it is not important for TRON yet. TRON is waiting the news.
Tron will be in a big correction so dont expect for TRON to awake soon
I love your TA's @haijin. Always a great insight.
Anyone looking for a +200% trade?
Bitshares is going to 3x in the next two weeks.
Check out the simple, but detailed report right here on Steemit.
-The Beached Whale-
Editor in Chief - The Anderson Report
Check out the charts I posted under First Blood. Here's an update about Bitcoin. You really, really need to keep a big eye on it. It can save you 1000,-- or more per BTC if you "chicken out" to USD or USDT.
The best investment at this moment: Jump out at the right time and jump in at the right time.
Every hour Bitcoin gives you an answer.
Did an update on XVERGE my friend:
XVERGE (XVG) - Analysis (130% POTENTIAL PROFIT) — Steemit https://steemit.com/bitcoin/@benkalashnikov/xverge-xvg-analysis-130-potential-profit
Well done @haejin :)
Thanks for the great TA!
what will be its position after six months
Could you please do an update on NEO?
Good post, as usual, thanks @Haejin!