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Vechain (VETUSD) – Elliott Wave Analysis – Daily Chart
 

Technical Analysis – TradingLounge

Function: Follow-Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Invalidation Level: $0.02000 (W.C. Invalid)
 

Overview:
Vechain (VETUSD) is currently forming sub-wave (3) within the larger wave III structure after completing wave II. The target for wave (3) is projected near the 2.618 Fibonacci extension of wave (1), approximately at $0.03286 USD. To maintain this bullish impulse structure, the price must remain above the key support zone at $0.02000 USD. A break below this level would invalidate the current wave count.

Trading Strategy:

• ✅ Swing Trade (Short-Term Traders):
• • If a base forms at wave (4) along the way, it could offer an opportunity to add to existing positions.
• 🟥 Wave Cancel (Invalidation Zone):
• • Critical Support: $0.02000 USD
  • A move below this invalidates the bullish setup.

Vechain (VETUSD) – Elliott Wave Analysis – 4-Hour Chart
 

Technical Analysis – TradingLounge

Function: Follow-Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Invalidation Level: $0.02000 (W.C. Invalid)
 

Overview:
On the 4-hour chart, VETUSD continues within sub-wave (3) of major wave III after confirming the end of wave II. The short-term bullish target remains around $0.03286 USD (2.618 extension of wave (1)). As long as the price holds above $0.02000, the structure is considered valid and bullish.

Trading Strategy:

• ✅ For Swing Traders:
• • Potential buy zones may form at minor corrections like wave (4), creating opportunities to increase exposure.
• 🟥 Wave Cancel Level:
• • Must-Hold Support: $0.02000 USD
  • Falling below this level cancels the current wave count.

Technical Analyst: Kittiampon Somboonsod, CEWA

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