Tradinglounge Crypto VETUSD Elliott Wave Analysis – 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))

Next Higher Degree: Wave II of Impulse

Wave Cancel Invalid Level: 0.2100

Details: Wave II appears complete, and price is increasing again in Wave III

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

The correction in Wave II seems complete, and the price is resuming its upward trend. Therefore, look for opportunities to join the uptrend after price rises 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 Crypto 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))

Next Higher Degree: Wave II of Impulse

Wave Cancel Invalid Level: 0.2100

Details: Wave II appears complete, and price is increasing again in Wave III

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

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

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See Previous: Polkadot/U.S. Dollar (DOTUSD) Elliott Wave Technical Analysis

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