Over the course of 15 months, VET has generally been trending upward. Assuming that the July 19th is the bottom for now, we can clearly see the emergence of an Elliot Wave pattern.
The first impulse wave saw an increase of around 1400%, whereas the second leg up saw around 3000% gains.
Generally, the second leg up is the longest and strongest wave. So if we make the assumption that the third leg is going to be of the same length as the first, we'd be looking at a potential target of around $0.80 at the end of the bull-cycle. In that case, another 800% gains are in our grasp.
Be aware that the time it takes to reach the Elliot Wave top is indicative, it might take longer or shorter than portrayed on the chart.
Happy trading!
The first impulse wave saw an increase of around 1400%, whereas the second leg up saw around 3000% gains.
Generally, the second leg up is the longest and strongest wave. So if we make the assumption that the third leg is going to be of the same length as the first, we'd be looking at a potential target of around $0.80 at the end of the bull-cycle. In that case, another 800% gains are in our grasp.
Be aware that the time it takes to reach the Elliot Wave top is indicative, it might take longer or shorter than portrayed on the chart.
Happy trading!
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