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
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
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