VeChain (VEN) Primary & Alternate Both Bullish

in venchain •  last year  (edited)

SUMMARY

VEN placed a classical wave five up (circled white) followed by an abc flat correction. This abc correction can be labeled in other ways; however, I've selected the flat.

After tagging the C bottom, price then started impulsing upwards in a very clear fashion (parenthesis white) and is currently correcting since Elliott Waves states that after five waves, there is a requisite retracement.

Fib measurement shows that 0.618 level was the retracement. This is quite common and since wave 5 was not extended, the 0.78 would not have been likely.

The longer term perspective shows that from now to late Fall of 2018; price is expected to be flying into the all time new highs clouds.

The alternate count shows a potential abcde triangle pattern. This means that waves d and e still remain. Regardless, if this is the pathway taken, the upside target remains little changed.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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What do you mean? Write some thing

VEN is an awesome coin and has so much to give.

The recent announcement by BMW only enhances this more.

I am HODLING this until end of year at least!!

Other coin similar is Origin Trail which is another coin with lots to come!!

Great post

I have been living in a very poor house. I am writing for 1 year writing in college. I need love for you because I need a lot of money to read the writing on college. You will love me by voting.

I do appreciate this one

Awesome news. VEN became my biggest holding and i like it very much now ill buy few more. Sadly i am far far away from node that would be awesome lol.
If anyone loves free coins via airdrops check my blog :)
Have nice day and massive profits :)

very inspired, thank you for posting

Nice post. Very useful and quite informative. Thanks for sharing @haejin
Great job ✌ 👌

Frankly I do not really understand about your post .. And I want to be like you, very understand about cryptocurenci .. Exceptional ..

well information...
thanks for shareing...

Excellent

what you think of metal master. bull are coming.

How do you project the future price? What factors do you take into account? Great analysis as always.

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Please consider reviewing his tutorials :D

R.I.P
I do not trust @haejin again

Just scooped up the my last bits of cheap VEN. I'm looking forward to their wallet coming out so I can stake for free Thor coins.

Can you post an update on Steem?

I want to like this more than once because I really hope you are right! Thank you for the post and the info!

2018 prediction sounds great. I'm working on the lingo and chart interpretation. Great work and thanks for sharing. Joy

Do you know when we will starting generating thor power from it?

Congratulations @haejin, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 53 and the total pending payments to posts in these categories was $3875.19. To see the full list of highest paid posts across all accounts categories, click here.

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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 213.30 SBD, based on the pending payout at the time the data was extracted.

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Thanks for sharing @haejin
Great job