VETUSD Elliott Wave Analysis – TradingLounge Daily Chart
Asset: VeChain / U.S. Dollar (VETUSD) Daily Chart Analysis
VETUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Position: Wave II
Direction of Higher Degree: Pending
Wave Invalid Level: Not Specified
VETUSD Daily Trading Strategy Overview
After completing the primary Wave V near $0.0212, VETUSD surged to $0.0315, finalizing sub-wave ⑤. This move initiated a classic Elliott Wave A-B-C corrective structure, suggesting a temporary pause in the broader uptrend.
At present, VeChain is likely in the final leg of Wave C. The asset is trading within a crucial Fibonacci retracement zone (0.5–0.618), which historically serves as a strong support area in bullish market corrections.
Trading Strategy for Swing Traders
✅ Buy Opportunity: Monitor price action for bullish reversal signals between $0.022 and $0.024.
Risk Management
🟥 Stop-Loss: Recommended under $0.018 to mitigate downside risk.
VETUSD Elliott Wave Analysis – TradingLounge H4 Chart
Asset: 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 of Higher Degree: Pending
Wave Invalid Level: Not Specified
VETUSD H4 Trading Strategy Breakdown
VETUSD rallied from $0.0212 to $0.0315, marking the end of sub-wave ⑤. The pair has since entered an Elliott Wave A-B-C corrective formation, in alignment with the larger bullish momentum.
Wave C appears to be nearing completion, with price consolidating near the 0.5–0.618 Fibonacci support zone. This range frequently acts as a pivot point for bullish reversals post-correction.
Trading Strategy for Swing Traders
✅ Entry Alert: Watch for reversal setups in the $0.022–$0.024 support range.
Risk Management
🟥 Suggested Stop-Loss: Below $0.018 for controlled exposure.
Technical Analyst: Malik Awais
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