DESCENDING BROADENING WEDGE ON VECHAIN??!
First of all, I want to say that EMA from Daily Timeframe is starting to give us a sign for further Downtrend.
But, I also believe that we are in the good form of Elliot Wave Theory from the Weekly Timeframe, so I guess, we are going to testing EMA 34 or 55 in the Weekly Timeframe, before we see a blast movement from Vechain, and as we can see right now on the 4H Chart we also see the Vechain potentially forming a Descending Broadening Wedge Pattern which is good for our Bullish continuation setup.
Disclaimer: This content is not a Financial Advise.
But, I also believe that we are in the good form of Elliot Wave Theory from the Weekly Timeframe, so I guess, we are going to testing EMA 34 or 55 in the Weekly Timeframe, before we see a blast movement from Vechain, and as we can see right now on the 4H Chart we also see the Vechain potentially forming a Descending Broadening Wedge Pattern which is good for our Bullish continuation setup.
Disclaimer: This content is not a Financial Advise.