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

VETUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next Higher Degrees: Wave (I) of Impulse

Wave Cancel Invalid Level:

Details: Wave 2 is likely to end, and the price is rising again in wave 3.

Vechain/ U.S. Dollar (VETUSD) Trading Strategy

Overview:
Vechain remains in an uptrend with an impulsive rally. Currently, we are in the fifth wave, which remains incomplete, indicating the price is likely to continue its rise. Traders should look for a rebound from the uptrend for potential entries.

Vechain/ U.S. Dollar (VETUSD) Technical Indicators

• The price is trading above the MA200, which confirms an uptrend.
• The Wave Oscillator reflects bullish momentum.

Vechain/ U.S. Dollar (VETUSD) Elliott Wave Analysis TradingLounge 4H Chart

VETUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next Higher Degrees: Wave ((1)) of Impulse

Wave Cancel Invalid Level:

Details: The chart shows a five-wave increase in wave (3).

Vechain/ U.S. Dollar (VETUSD) Trading Strategy

Overview:
Vechain remains in an uptrend with an impulsive rally. Similar to the daily chart, we are in the fifth wave, which is incomplete, suggesting further price increases. Look for opportunities during rebounds within the ongoing uptrend.

Vechain/ U.S. Dollar (VETUSD) Technical Indicators

• The price continues to trade above the MA200, supporting the uptrend.
• The Wave Oscillator signals bullish momentum.

Technical Analyst: Kittiampon Somboonsod

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