Vechain (VETUSD) – Elliott Wave Analysis Technical Analysis – TradingLounge Daily Chart
VETUSD Elliott Wave Forecast
Function: Follow-Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Invalidation Level: $0.02000 (Wave Count Invalidation)
Overview:
Vechain (VETUSD) is currently in sub-wave (3) of the broader wave III sequence, having concluded corrective wave II. The price target for sub-wave (3) aligns near the 2.618 Fibonacci extension of wave (1), which sits close to $0.03286 USD. To preserve the bullish Elliott Wave structure, VETUSD must trade above the critical support of $0.02000 USD. A breakdown below this level would invalidate the existing wave interpretation.
Trading Strategy:
✅ Swing Trade Strategy (Short-Term Outlook):
If wave (4) consolidation develops, it can offer favorable conditions for scaling into long positions.
🟥 Invalidation Alert (Wave Cancel Level):
Support to Watch: $0.02000 USD
A decisive close below this level nullifies the current bullish scenario.
Vechain (VETUSD) – Elliott Wave Analysis – 4-Hour Chart Technical Analysis – TradingLounge
Function: Follow-Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Invalidation Level: $0.02000 (Wave Count Invalidation)
Overview:
On the 4-hour chart, VETUSD extends within sub-wave (3) of major wave III, following the confirmed completion of wave II. The near-term bullish target remains at approximately $0.03286 USD, coinciding with the 2.618 Fibonacci extension of wave (1). As long as the price sustains above $0.02000 USD, the bullish count stays intact.
Trading Strategy:
✅ Swing Trade Potential:
Look for minor pullbacks such as wave (4) to establish or add to long positions during trend continuation.
🟥 Wave Count Invalidation:
Key Support: $0.02000 USD
A drop below this support level cancels the current wave structure.
Technical Analyst: Kittiampon Somboonsod, CEWA
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