Hello guys, as you can see we rejected hardly at the 200 EMA (orange line) 156 Sat~ , after we rejected we got a hell of a dump and initiated with an WXYXZ to our current price 98! As we completed the eliott wave pattern we are forming slowly into a falling wedge & our new considolation zone. If we manage to break up we will see another attempt to test the 200 EMA. This would look like this to me.
Best of luck!
P.S: My analysis is just TA based, you should take a look at the fundamentals and milestones VeChain is achieving right now!
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I assume we entered the Considolation zone because of the strong bullish previous candles that have been stronger than the ones before when we retreaced after a drop!
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Also the end of the eliott wave pattern WXYXZ
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The ABCDE considolation zone is entered
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Note that the considolation can look different that my drawings(ABCDE), we cant predict how the candles will look in the future but we can say what is happening in the moment
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There we go, should be a few days to a decent move.
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Next 1,2 Days we should be out of our falling wedge. We will see what continuation will follow.
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Whoops breaking up!
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Very interesting times ahead. Even though my thoughts have been wrong on this one
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Check out my new analysis! Cant be right everytime