Panjang

VeChain: Returned

529
VET returned into our blue Target Zone (between $0.0179 and $0.0292) last week. As we consider the blue wave (ii) to have ended, we interpret this development merely as part of the internal substructure of the same-colored wave (iii). Accordingly, we expect further rises and an overcoming of the resistance at $0.055. Investors could therefore open long positions within our Target Zone, whereby stops could be placed about 1% below the lower edge.

Penafian

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