Do or Die for Vechain.

A Sigh of relief maybe for vechain with this small rally in the market. I believe this movement down from swing high might be a deep wave B. But i have to agree to the fact that structure wise it looks a bit weird. Taking this wave down as a descending wedge , its clearly visible that this breakout had increased volume. Will have to wait and watch if it gives a successful throwback to this wedge.

My initial potential targets for this wedge play are indicated by horizontal support/resistance lines . The one at the bottom is the last line of defense for this pattern and the related count.

This is not a financial advice and just for educational purpose. trade safely and carefully. Alts might be an exponentially risk play atm.

註釋