VETUSD Elliott Wave Analysis – TradingLounge Daily Chart
VeChain / U.S. Dollar (VETUSD) Daily Chart Analysis
VETUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Position: Wave II
Direction (Next Higher Degrees): N/A
Wave Cancel Invalid Level: N/A
VeChain / U.S. Dollar (VETUSD) Trading Strategy
After VeChain (VETUSD) rebounded from a low of $0.0212 during primary wave V, the price surged to $0.0315, completing sub-wave ⑤. The market is now experiencing an A-B-C corrective pattern—a typical pause in the early stages of a new bullish trend.
Wave C is currently developing. Traders should focus on the support zone between the 0.5 and 0.618 Fibonacci retracement levels. This range often signals the end of corrections and the potential start of the next upward impulse.
Trading Strategies
Strategy Type
- ✅ Swing Traders (Short-Term): Target entry opportunities near $0.022–$0.024, once a reversal pattern confirms.
- 🟥 Risk Management: Place a stop loss below $0.018 to manage potential downside risk.
VETUSD Elliott Wave Analysis – TradingLounge H4 Chart
VeChain / U.S. Dollar (VETUSD) 4-hour Chart Analysis
VETUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Position: Wave II
Direction (Next Higher Degrees): N/A
Wave Cancel Invalid Level: N/A
VeChain / U.S. Dollar (VETUSD) Trading Strategy
Following a significant low at $0.0212 during wave V, VeChain climbed to $0.0315 in sub-wave ⑤. This move was succeeded by an A-B-C corrective phase, which commonly occurs during the onset of a new upward trend.
As wave C reaches its final stage, focus on the 0.5–0.618 Fibonacci support area. This zone often marks the end of correction phases, providing a potential launch point for future price gains.
Trading Strategies
Strategy Type
- ✅ Swing Traders (Short-Term): Monitor for reversal indicators and consider entries between $0.022–$0.024.
- 🟥 Risk Management: Set stop loss orders below $0.018 to control downside exposure.
Technical Analyst: Malik Awais
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