16Jun

VeChain Elliott Wave Forecast: VETUSD Buy Zone, Wave III Potential, Risk Alert, and Price Prediction for Swing Traders

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

VETUSD Elliott Wave Technical Forecast

Function: Counter-Trend

Mode: Corrective

Structure: Double Zigzag Correction

Position: Wave Y

Next Expected Move (Larger Wave Structure): Still developing

Invalidation Level: Not yet determined

Trading Strategy Overview – Daily Time Frame
VeChain (VETUSD) initiated a bullish move from around $0.0212 in early April, forming what appears to be a wave I. Current Elliott Wave analysis suggests that VETUSD is now in a wave II corrective phase, unfolding as a Double Zigzag correction pattern.

Strategy Notes:

  • ✅ Swing Traders (Short-Term Insight):

Monitor potential wave Y completion within the $0.020–$0.021 range. A buy trade can be initiated to benefit from a possible wave III rally.

  • 🟥 Risk Parameters:

If VETUSD dips below $0.017, this wave scenario becomes invalid and a new Elliott Wave count would be necessary.

VETUSD-day-Crypto-Ch...


VeChain / U.S. Dollar (VETUSD) Elliott Wave Analysis – TradingLounge 4-Hour Chart

VETUSD Elliott Wave Technical Forecast

Function: Counter-Trend

Mode: Corrective

Structure: Double Zigzag

Position: Wave Y

Next Expected Move (Larger Wave Structure): Yet to unfold

Invalidation Level: Not confirmed

Trading Strategy Overview – 4H Time Frame
The 4-hour chart reflects similar dynamics seen in the Daily chart. VeChain seems to have completed a wave I, followed by a wave II correction forming through a Double Zigzag. Strategy remains consistent:

Strategy Notes:

  • ✅ Swing Trade Setup:

Look for entries around the $0.020–$0.021 support zone to catch the potential breakout of wave III.

  • 🟥 Invalidation Alert:

Any drop under $0.017 invalidates this wave count, requiring a revised technical outlook.

Technical Analyst: Malik Awais

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here

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