Elliott Wave Analysis: VeChain (VETUSD) Daily and H4 Charts
VETUSD Daily Chart Analysis
VETUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Direction Next Higher Degrees: Wave II of Impulse
Wave Cancel Invalid Level: 0.2100
Details: Wave II appears complete, and the price is likely increasing in Wave III.
VeChain (VETUSD) Trading Strategy:
The correction in Wave II seems complete at the 0.032 level. The price is resuming the upward trend. Look for an opportunity to join the uptrend, waiting for confirmation as the price rises above 0.0386.
VeChain (VETUSD) Technical Indicators:
- Moving Average 200 (MA200): The price is below the MA200, indicating a downtrend.
- Wave Oscillator: Indicates bullish momentum.
VETUSD Elliott Wave Analysis TradingLounge H4 Chart,
VETUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Direction Next Higher Degrees: Wave II of Impulse
Wave Cancel Invalid Level: 0.2100
Details: Wave II appears complete, and the price is likely increasing in Wave III.
VeChain (VETUSD) Trading Strategy:
The correction in Wave II seems complete at the 0.032 level. The price is resuming the upward trend. Look for an opportunity to join the uptrend, waiting for confirmation as the price rises above 0.0386.
VeChain (VETUSD) Technical Indicators:
- Moving Average 200 (MA200): The price is below the MA200, indicating a downtrend.
- Wave Oscillator: Indicates bullish momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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