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Elliott Wave Analysis | TradingLounge | Daily Chart | VeChain / U.S. Dollar (VETUSD)

VETUSD Elliott Wave Technical Analysis

• Function: Follow-trend
• Mode: Motive
• Structure: Impulse
• Position: Wave 2
• Next Higher Degrees Direction: Uptrend
• Wave Cancel Invalid Level: 0.01780

VETUSD Trading Strategy
After rebounding from the lows near $0.017, VeChain (VETUSD) is forming an Impulse wave. Wave (1) is now completed, and the market is consolidating in wave (2).

Trading Strategies

• ✅ Short-Term Traders (Swing Trade)
  Look for reversal signs in the $0.20 – $0.19 zone to potentially enter the upward trend.
• 🟥 Structure Null Point: 0.01780 (Wave Count Invalid)

Elliott Wave Analysis | TradingLounge | H4 Chart | VeChain / U.S. Dollar (VETUSD)

VETUSD Elliott Wave Technical Analysis

• Function: Follow-trend
• Mode: Motive
• Structure: Impulse
• Position: Wave 2
• Next Higher Degrees Direction: Uptrend
• Wave Cancel Invalid Level: 0.01780

VETUSD Trading Strategy
The price recovery from $0.017 shows early signs of an Impulse wave structure. Wave (1) appears completed. Currently, wave (2) is forming, and traders can watch for bullish reversal patterns.

Trading Strategies

• ✅ Swing Traders:
  Entry opportunities may arise in the $0.20 – $0.19 range upon confirmation of a reversal.
• 🟥 Invalidation Level: 0.01780

Analyst:
Kittiampon Somboonsod, CEWA
Learn more at TradingLounge.com

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