04Nov

Comprehensive VETUSD Elliott Wave Technical Analysis: Vechain Price Forecast, Trends, and Trading Strategies

Vechain/ U.S. Dollar (VETUSD) Elliott Wave Analysis - VETUSD Daily Chart

VETUSD Elliott Wave Technical Analysis

Function: Counter-trend

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Next Higher Degree Direction: Wave II of Impulse

Invalidation Level: Not specified

Details: Wave II correction may still be ongoing; price likely to remain below 0.01781.

VETUSD Trading Strategy

The wave II correction appears to be nearing its final decline phase, suggesting that a short-term correction may soon shift towards an uptrend in wave III. Traders may look for entry opportunities at the end of the correction to capitalize on the upcoming upward trend.

VETUSD Technical Indicators

  • Moving Average: Price is below the 200-day MA, indicating a prevailing downtrend.
  • Wave Oscillator: Shows bearish momentum, reinforcing the current downtrend.

VETUSD-1D-Crypto-Cha...


Vechain/ U.S. Dollar (VETUSD) Elliott Wave Analysis - VETUSD 4-Hour Chart

VETUSD Elliott Wave Technical Analysis

Function: Counter-trend

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Next Higher Degree Direction: Wave II of Impulse

Invalidation Level: Not specified

Details: Wave II correction may not be complete; price is likely to stay below 0.01781.

VETUSD Trading Strategy

The wave II correction is approaching the end of its decline, suggesting that the correction could give way to an upward trend in wave III. Traders may look to enter the market once the corrective wave completes to take advantage of the anticipated upward movement.

VETUSD Technical Indicators

  • Moving Average: The price remains below the MA200, indicating a persistent downtrend.
  • Wave Oscillator: Signals bearish momentum, supporting the current corrective structure.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here See

Previous: DOTUSD Elliott Wave Technical Analysis 

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

VETUSD-4h-Crypto-Cha...

Related

Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 23 January 24

Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 23 January 24

Polkadot and U.S. dollar Elliott Wave Technical Analysis dated 23 January 24, DOTUSD Elliott Wave Te...

Read More >
S&P BSE Sensex Index Elliott Wave Analysis – Technical Breakdown, Market Movements and Potential Trend Reversals

S&P BSE Sensex Index Elliott Wave Analysis – Technical Breakdown, Market Movements and Potential Trend Reversals

This detailed Elliott Wave analysis of the S&P BSE Sensex covers both daily and weekly charts. Learn...

Read More >
Detailed Insights into the Palo Alto Networks Inc.Stock Performance: PANW Stocks Elliott Wave Technical Analysis

Detailed Insights into the Palo Alto Networks Inc.Stock Performance: PANW Stocks Elliott Wave Technical Analysis

Our latest Elliott Wave analysis of Palo Alto Networks Inc. (PANW) offers detailed insights into the...

Read More >
U.S.Dollar /Canadian Dollar Forex Elliott Wave Technical Analysis: Comprehensive  analysis of the USD/CAD currency pair

U.S.Dollar /Canadian Dollar Forex Elliott Wave Technical Analysis: Comprehensive analysis of the USD/CAD currency pair

This comprehensive guide provides an Elliott Wave analysis of the USD/CAD currency pair, offering in...

Read More >
Our Detailed Elliott Wave Technical Analysis of ASX: SCG Offers Insights into Scentre Group's Stock Movements

Our Detailed Elliott Wave Technical Analysis of ASX: SCG Offers Insights into Scentre Group's Stock Movements

Our detailed Elliott Wave analysis of ASX: SCG offers insights into Scentre Group's stock moveme...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on