SIGNIFICANCE: Due to equities market movements all markets have faced a corrective move, however now liquidity is vanishing away from Bitcoin & as we have already seen big surges from LINK, ATOM and other alt-coins today. Possibility of same movements from other bullish altcoins is likely to occur, in which VET is one of them which we are going to discuss.
ELLIOTS WAVE PRINCIPLE:
VETUSDT(Vechain) has layed its complete one set of 5 waves, after which we have seen retracement for the case of Corrective wave. On the smaller degree we have seen a typical extended 3rd wave with larger length comparative to other impulse waves. This behavior is obvious for next larger degree 3rd wave which we can assume through Fib-Levels to touch marked on the Chart already. After that we can perform some correction to about 2nd Fib-extension Level & continue therefore.
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