08Jul

VeChain (VETUSD) Elliott Wave Analysis Highlights Impulse Wave Structure, Bullish Trend Setup, and Swing Trade Strategy

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

VETUSD Elliott Wave Technical Analysis

Function: Trend-Following

Mode: Motive

Structure: Impulse Wave

Current Position: Wave 2

Next Higher Degree Trend: Bullish Continuation

Invalidation Level: 0.01780

VeChain (VETUSD) Trading Strategy

After rebounding from the recent low near $0.017, VeChain (VETUSD) is showing a developing Impulse wave pattern. Wave (1) has completed, and the market is currently undergoing a corrective Wave (2) phase.

Trading Recommendations

✅ Short-Term Trading Strategy (Swing Trading)
Monitor the $0.20 – $0.19 price zone for potential reversal setups to align with the anticipated bullish trend.
🟥 Wave Count Invalidation Level: 0.01780

VETUSD-D-CRYPTO-CHAR...


VeChain / U.S. Dollar (VETUSD) Elliott Wave Analysis | TradingLounge | H4 Chart

VETUSD Elliott Wave Technical Analysis

Function: Trend-Following

Mode: Motive

Structure: Impulse Wave

Current Position: Wave 2

Next Higher Degree Trend: Bullish Continuation

Invalidation Level: 0.01780

VeChain (VETUSD) Trading Strategy

VeChain's price recovery from $0.017 is forming the initial stages of an Impulse structure. Wave (1) appears complete. Now, Wave (2) is unfolding, offering a potential opportunity for bullish setups.

Trading Recommendations

✅ Swing Trade Setup
Traders should watch the $0.20 – $0.19 range for bullish reversal signals before initiating positions.
🟥 Critical Invalidation Level: 0.01780

Technical Analyst: Kittiampon Somboonsod, CEWA

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

Previous: BTCUSD 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

Britannia Industries Stock Forecast & Elliott Wave Technical Analysis – Price Targets & Trading Strategies

Britannia Industries Stock Forecast & Elliott Wave Technical Analysis – Price Targets & Trading Strategies

Britannia Industries has shown promising momentum with bullish patterns reflected through Elliott Wa...

Read More >
Wheat Price Forecast 2025: Wheat Commodity Elliott Wave Signals End of Bearish Cycle with Support Near $500 for Trend Reversal

Wheat Price Forecast 2025: Wheat Commodity Elliott Wave Signals End of Bearish Cycle with Support Near $500 for Trend Reversal

Wheat futures remain bearish, but Elliott Wave analysis signals a potential reversal near $500 as an...

Read More >
Cardano (ADAUSD) Elliott Wave Analysis: Fibonacci Support, and Bullish Trading Strategy for Swing Traders and Crypto Investors

Cardano (ADAUSD) Elliott Wave Analysis: Fibonacci Support, and Bullish Trading Strategy for Swing Traders and Crypto Investors

Elliott Wave analysis of Cardano (ADA/USD), highlighting the current corrective phase in Wave II. It...

Read More >
Learn about the current stock trend: Texas Instruments Inc.(TXN) Stocks Elliott Wave Technical Analysis

Learn about the current stock trend: Texas Instruments Inc.(TXN) Stocks Elliott Wave Technical Analysis

Explore an in-depth Elliott Wave analysis for Texas Instruments Inc. (TXN), including daily and 4-ho...

Read More >
META's Stock Movements: Meta Platforms Inc. (META) Stocks Elliott Wave Technical Analysis

META's Stock Movements: Meta Platforms Inc. (META) Stocks Elliott Wave Technical Analysis

This article provides a detailed Elliott Wave analysis of Meta Platforms Inc. (META). It covers META...

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