VECHAIN [LONG] 
2024-08-26

Coming out of a 1-5 elliot wave we had a retracement to our 0.786 level and even a WICK down to our multi-year channel that confirms we've established these lows. Our levels off of our FIB from SEPT2024 are also being confirmed with our resistance/support around 0.618. If we wick below our low of our channel this will be a good "buy the dip" opportunity with "a shakeout before we break out" into another 1-5 wave pattern. We have to clear 0.02804 before this will be a secondary confirmation with the rules of the "Elliot wave theory" taken into account. DCA is the play here, at our lower levels and even once we clear that # with the rules in play. Happy investing! 