VETUSD Elliott Wave Analysis TradingLounge Daily Chart,

VeChain/ U.S. dollar (VETUSD) Daily Chart Analysis

VETUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Direction Next Higher Degrees: Wave II of Impulse

Wave Cancel Invalid Level: 0.2100

Details: Wave II may be complete, and the price could increase again in Wave III.

VeChain/ U.S. dollar (VETUSD) Trading Strategy:

The correction in Wave II seems to be complete, and the price is resuming its upward trend. Therefore, look for opportunities to join the uptrend after confirming the price rise above 0.0386.

VeChain/ U.S. dollar (VETUSD) Technical Indicators:

• The price is below the MA200, indicating a downtrend.
• The Wave Oscillator shows Bearish Momentum.

VETUSD Elliott Wave Analysis TradingLounge H4 Chart,

VeChain/ U.S. dollar (VETUSD) 4-Hour Chart Analysis

VETUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Direction Next Higher Degrees: Wave II of Impulse

Wave Cancel Invalid Level: 0.2100

Details: Wave II may be complete, and the price could increase again in Wave III.

VeChain/ U.S. dollar (VETUSD) Trading Strategy:

The correction in Wave II seems to be complete, and the price is resuming its upward trend. Therefore, look for opportunities to join the uptrend after confirming the price rise above 0.0386.

VeChain/ U.S. dollar (VETUSD) Technical Indicators:

• The price is below the MA200, indicating a downtrend.
• The Wave Oscillator shows Bearish Momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Cardano/ U.S. dollar (ADAUSD) Elliott Wave Technical Analysis

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