VeChain, about to double its price?

Hello friends, SPC_INFORM writes to you. The reason for this post, is because VeChain could double its price... oh yes, double its price, and right now we have the opportunity to take advantage of the rebound since it has not yet started its explosive movement.

To start, we can see that in the time of one day and against the BTC this cryptocurrency shows us a triangular formation upwards, this indicates that if we calculate a target of price from the second minimum of the triangle to the second maximum of the formation, could give us a profit of 21% if we buy right now (not negligible):

We have planned this objective very short term. But if we measure from the lowest part to the highest part of this figure we can project an objective after its break up (taking into account that we take advantage of the rebound right now) of a 101% making HOLD:

Leaving the triangle aside, we can find other things; If we use our Fibonacci tool and we do an Elliot wave count, we find that VEN could be finishing a second wave correction to go for the third (which in most cases is the one that gives us the best gains):

Leaving aside these technical arguments and if we investigate VEN has a great chance of meeting all the objectives set because for the month of June has very good fundamentals, which we are sure will increase its price...

Remember that everything is subject to the movements of the BTC and that for this type of trades must have a little patience for its time frame.

1. Objectives if we buy from now:

• Objective 1: 0.00058000
• Objective 2: 0.00081500
• Objective 3 (HOLD): 0.00097000

2. Objectives if we buy after the break of the triangle:

• Objective 1: 38%
• Objective 2: 65%.

This has been all my analysis for today, thank you very much for reading.

By: Santiago Pérez