VeChain Evening Update - It's getting interesting

in cryptocurrency •  7 years ago 

TA is not a perfect art, and with today's close in sight, it looks like my previous outlook was very slightly off (though there is still time to catch the next couple of day waves) and we are now converging on the second consecutive wedge pattern over the next couple of days.

Disclaimer: I am not your financial adviser and anything you read/see here is for entertainment and informational purposes only. I'm just a dude sharing my opinion.

VEN2.28-2.png

As you can tell from the chart above, we completed a wedge on Sunday that broke bearish on Monday (damn sell the news). Around Friday to Sunday of this upcoming few days, we should see the next wedge complete...and if VEN will see a further drop or continue moving upward.

*While you are here, feel free to check out some of my previous posts! *
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I expect a bounce from here towards 55K and possibly 60K sat.

Yeah, while the day-level trend has changed a bit, I think this is the likely outcome after the weekend.