VERITASEUM (VERI): Fib Level 0.618 Could be Key

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·@haejin·
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VERITASEUM (VERI): Fib Level 0.618 Could be Key
<center>![](https://steemitimages.com/DQmbHi7XWiw3s6tottAkr4qqantrsxCZSew5iiMLSQU7XQc/image.png)</center>
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**SUMMARY**

Veritaseum (VERI/BTC) has risen in a bowl shaped pattern and if the lofty MACD is any indication, forming the handle would make now an ideal time. I believe the handle formation could retrace to the 0.618 Fib level as shown below. The real excitement is expected afterwards. Now, price can extend higher before the handle is formed and if so, farming for cash to buy back lower could be considered.
![](https://steemitimages.com/DQmf3CY2LMcbTyNmNFjXoXhyuBcJMcnYQkVdQfD5Tnjhsxc/image.png)

VERI/USD took the dip I had discussed on the [Jan 20th update](https://steemit.com/veritaseum/@haejin/p0zeumcp). If the standard abc is not an option for VERI, then an extended a,bc,d,e could be discerned.
![](https://steemitimages.com/DQmcSHTrVaNxgDHVqF27gcfRXqMDXjLXeDibhayYtVMBFYV/image.png)

Longer and wider time comsumption can be made probable with the triple WXYXZ pattern as shown below. 
![](https://steemitimages.com/DQmfJ7mZ7gVxHuNcKkG1c799iAT9Ednkgj9bDZST1BUNh8H/image.png)


**Legal Disclaimer**: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>

Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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