5-Wave Impulse Pattern Signals $1 Target
The post 5-Wave Impulse Pattern Signals $1 Target appeared on BitcoinEthereumNews.com.
Based on Elliott Wave Theory, Egrag Crypto predicts VET’s price could surge to $1 or $2. Key targets include $0.157 to $0.170 (0.618 Fibonacci level) and $0.446 to $0.477 (Wave 5). Support levels at $0.023-$0.027, with resistance around $0.15 and $0.44. A new technical analysis from Egrag Crypto outlines two potential scenarios for VeChain’s price: a jump to $1 or a possible surge to $2. These predictions are grounded on historical price patterns, Fibonacci retracement levels, and Elliott Wave Theory. The analysis specifically focuses on a potential five-wave impulse pattern, which could signal a significant upward move for VET if it materializes. #VET Move A: $1 or Move B: $2!!!! The next move for #Vechain is going to be a game-changer! 🎯 If we’re entering impulsive Wave 3️⃣, it needs to show 5 sub-waves. If this next impulsive structure hits all the right criteria, get ready for a quick and aggressive corrective Wave… pic.twitter.com/Di01tmg0sP — EGRAG CRYPTO (@egragcrypto) September 21, 2024 Five-Wave Impulse Pattern Suggests Bullish Phase Egrag Crypto’s VET price chart centers around a possible five-wave impulse pattern, which, if confirmed, could indicate a significant bullish phase for VET. According to the chart, VET could enter an impulsive Wave 3, characterized by five sub-waves after a minor correction. If this structure develops as expected, a corrective Wave 4 would likely follow, potentially setting the stage for a final explosive rally in Wave 5. Historical data shows that a similar pattern occurred in a previous cycle within 150 days. Moreover, the analysis pinpoints key price targets within the Fibonacci framework. The first major target lies between $0.157 and $0.170, corresponding to the 0.618 Fibonacci extension level. If VET’s price continues to rise, the analysis predicts that Wave 5 could reach between $0.446 and $0.477. These targets represent a substantial increase…
Filed under: News - @ September 23, 2024 8:24 pm