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 3⃣, 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, co…
The post VeChain Price Surge: 5-Wave Impulse Pattern Signals $1 Target appeared first on Coin Edition.
