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

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