VRAUSDT - This Count Makes More Sense But There's A Catch...
In this video, I analyze the latest count of the ongoing Wave A corrective pattern.
I discuss various scenarios, with a primary focus on a downward movement from current levels. My preferred scenario anticipates a decline to .00785.
Previously, I shared a chart suggesting the potential peak of Wave E, but it appears that it was actually Wave E of Wave 2 within the final downward move.
To hedge against potential losses if the price rises, consider shorting with a stop level at .01190; a break above .01198 indicates a potential upward movement before reversing.
This area warrants close attention. Confirmation of the downward move will occur with a breach of the lows at .01019.
I discuss various scenarios, with a primary focus on a downward movement from current levels. My preferred scenario anticipates a decline to .00785.
Previously, I shared a chart suggesting the potential peak of Wave E, but it appears that it was actually Wave E of Wave 2 within the final downward move.
To hedge against potential losses if the price rises, consider shorting with a stop level at .01190; a break above .01198 indicates a potential upward movement before reversing.
This area warrants close attention. Confirmation of the downward move will occur with a breach of the lows at .01019.
