The below chart of VeChain (VEN/USD) was posted on April 2nd showing that a breakout on D wave was likely (white arrow). Just because the pattern is a triangle doesn't mean it has to be a five wave Elliott Wave triangle. It has become more and more trending for Cryptos to breakout on the D wave rather than finish the E. Yet another personality trait that's a departure away from the equities.
The curernt price shows that a decisive breakout has taken place. The impulse wave shows that 1,2 and 3 are complete with 4 likely in progress. Wave 5 should well exceed $4.50 or so. Look a the MACD.....does it look like it'll crash the price or explode it up?
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