Elliott Wave Analysis for VeChain (VETUSD) - Daily Chart 12 February 24,
VeChain / U.S. dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Discover the pulse of VETUSD through Elliott Wave analysis. We identify a motive impulse structure in Wave ((5)), signaling a bullish trend continuation. With Wave ((4)) potentially completing at 0.02506, VeChain is poised for an upward surge in Wave ((5)). Targeting 61.8% Fibonacci extension of Wave ((1)) to ((3)) at 0.04095 sets the stage for potential profit-taking opportunities.
VeChain / U.S. dollar(VETUSD)Technical Indicators:
Riding the uptrend wave, VETUSD's price is comfortably above the MA200, indicating sustained bullish momentum. Wave oscillators further validate this sentiment, highlighting a bullish outlook for VeChain traders.
Elliott Wave Analysis for VeChain (VETUSD) - 4H Chart: 12 February 24,
VeChain / U.S. dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Delve deeper into VETUSD's intraday movements with our Elliott Wave analysis on the 4-hour chart. The motive impulse structure in Wave ((5)) persists, reinforcing the bullish trajectory. Wave ((4)) conclusion at 0.02506 sets the stage for Wave ((5)) ascension, targeting 61.8% Fibonacci extension at 0.04095.
VeChain / U.S. dollar(VETUSD) Technical Indicators:
Continuing the bullish narrative, VeChain's price maintains its position above the MA200 on the 4-hour chart, indicating an ongoing uptrend. Supported by wave oscillators, bullish momentum remains robust, offering traders favorable conditions for potential profit accumulation.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: BNBUSD
Unlock Your Trading Potential with TradingLounge:
Empower your trading journey with TradingLounge's comprehensive analysis and expert insights. Join our community and gain access to cutting-edge tools and resources to elevate your trading strategies. With seize the opportunity to enhance your trading proficiency today.
Conclusion:
Master the art of VeChain trading with Elliott Wave analysis. Harness the power of trend-following strategies and capitalize on VETUSD's bullish momentum. Stay ahead of the curve with our expert analysis and unlock lucrative trading opportunities. Join TradingLounge today and embark on a journey towards trading success.