Logscale Daily chart - Fib levels are also Log Scale.
Speculation: We're in a smaller wave 5, within the larger Wave 3 cycle with upside target of $14.55
At that level we have an overlap of both the '1.618 trend-based fib extension' level extending from Waves 1 & 2, and the '2.618 fib projection level projecting from Wave 2.
Wave 4 correction likely to be shallow (0.382) compared to Wave 2 being a deeper correction (0.618). This would be around $6.40 from a previous high of $14.55 -- perhaps a midyear Q2 timeframe.
Wave 5 target is the 2.618 extension of Wave 1 & 2. It also correlates with the 2.618 fib extension of speculated wave 4 ($14.55 to $6.40).
TLDR:
Tar 1: Long $14.55
Tar 2: Short $6.40
Tar 3: Long $56+
Considerations:
I don't think wave 4 correction would be so deep, reason being is the actual buyback and deflationary fundamentals of VVV and upcoming reduction of its staking emissions by half. Also the DIEM utility with locking VVV supply to mint it for Agents to power their own operation is difficult to estimate impact on supply.
Adoption for Venice.ai from a native product side, scales into how many tokens of the circulating supply is burned -- there is a potential for a supply shortage of VVV as more is also being staked, burned, and emissions being cut while user adoption and revenue is growing fast. I have my doubts about seeing a retrace or correction to $6.40 from a push to $14.50. Maybe $10, the fundamentals around VVV make purely technical chart speculation less reliable. We shall see -- overall anything from here lower is still a buy for long term interests. $56 is a conservative target which would raise the Marketcap to approximately $2 Billion, up from $400m currently. All metrics show further growth and adoption so the market will follow.
Speculation: We're in a smaller wave 5, within the larger Wave 3 cycle with upside target of $14.55
At that level we have an overlap of both the '1.618 trend-based fib extension' level extending from Waves 1 & 2, and the '2.618 fib projection level projecting from Wave 2.
Wave 4 correction likely to be shallow (0.382) compared to Wave 2 being a deeper correction (0.618). This would be around $6.40 from a previous high of $14.55 -- perhaps a midyear Q2 timeframe.
Wave 5 target is the 2.618 extension of Wave 1 & 2. It also correlates with the 2.618 fib extension of speculated wave 4 ($14.55 to $6.40).
TLDR:
Tar 1: Long $14.55
Tar 2: Short $6.40
Tar 3: Long $56+
Considerations:
I don't think wave 4 correction would be so deep, reason being is the actual buyback and deflationary fundamentals of VVV and upcoming reduction of its staking emissions by half. Also the DIEM utility with locking VVV supply to mint it for Agents to power their own operation is difficult to estimate impact on supply.
Adoption for Venice.ai from a native product side, scales into how many tokens of the circulating supply is burned -- there is a potential for a supply shortage of VVV as more is also being staked, burned, and emissions being cut while user adoption and revenue is growing fast. I have my doubts about seeing a retrace or correction to $6.40 from a push to $14.50. Maybe $10, the fundamentals around VVV make purely technical chart speculation less reliable. We shall see -- overall anything from here lower is still a buy for long term interests. $56 is a conservative target which would raise the Marketcap to approximately $2 Billion, up from $400m currently. All metrics show further growth and adoption so the market will follow.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.