Ve-chain to go crazy
Hello traders and HODL-ers and welcome to my analysis.
Ve-Chain chart shows some movement might be ahead.
As you can see this symmetric triangle or flag pattern has taken weeks to complete and now it is on the cusp of breaking point.
I have marked possible price targets with the lengths of the arrows and the fib-level;
which, if happens could be a 4x (the arrow) or even 20x (1.618 Fib) rally!!
Notice that the chart is drawn on log level and that's why the arrows are seen different in size, although they are cloned.
I hope you like my analysis, please share your thoughts on this one with me.
Ve-Chain chart shows some movement might be ahead.
As you can see this symmetric triangle or flag pattern has taken weeks to complete and now it is on the cusp of breaking point.
I have marked possible price targets with the lengths of the arrows and the fib-level;
which, if happens could be a 4x (the arrow) or even 20x (1.618 Fib) rally!!
Notice that the chart is drawn on log level and that's why the arrows are seen different in size, although they are cloned.
I hope you like my analysis, please share your thoughts on this one with me.
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