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Elliott Wave Analysis - TradingLounge Daily Chart, Vechain / U.S. Dollar (VETUSD)

VETUSD Elliott Wave Technical Analysis

• Function: Counter trend
• Mode: Corrective
• Structure: Double Corrective
• Position: Wave Y
• Next Direction Higher Degree: Pending
• Wave Cancel Invalid Level: Under Review

Vechain / U.S. Dollar (VETUSD) - Trading Strategy:
The VET/USD pair appears to be nearing the end of Wave II, which is a part of the corrective structure. If the price drops close to the 0.020 – 0.018 range and then shows a sharp upward move, it would indicate the potential beginning of an impulsive Wave III to the upside.

Trading Strategies:

• General Approach
• • Short-Term Traders (Swing Trading)
  • • ✅ Monitor RSI/MACD for divergence and ensure the price does not form a new confirmed low.
    • ✅ If a reversal candlestick such as a Bullish Engulfing appears with supporting volume, consider initiating buy positions.
• Risk Management
• • 🟥 If the price drops below 0.01700, the Wave II structure becomes invalid and should be reanalyzed.

Elliott Wave Analysis - TradingLounge H4 Chart, Vechain / U.S. Dollar (VETUSD)

VETUSD Elliott Wave Technical Analysis

• Function: Counter trend
• Mode: Corrective
• Structure: Double Corrective
• Position: Wave Y
• Next Direction Higher Degree: Pending
• Wave Cancel Invalid Level: Under Review

Vechain / U.S. Dollar (VETUSD) - Trading Strategy:
VET/USD remains in the late phase of the corrective Wave II. A drop near 0.020 – 0.018 followed by a strong reversal may signal the start of Wave III and a bullish shift in momentum.

Trading Strategies:

• General Approach
• • Short-Term Traders (Swing Trading)
  • • ✅ Look for RSI/MACD divergence and ensure no new significant lows occur.
    • ✅ A strong bullish reversal candle with volume could indicate a buying opportunity.
• Risk Management
• • 🟥 If the price declines below 0.01700, the current wave analysis becomes invalid and must be revised.

Analyst: Kittiampon Somboonsod, CEWA
Source: TradingLounge.com

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