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Vechain/ U.S. dollar(VETUSD)

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:

Details: Wave II may not be complete, price is likely to be below 0.01781.

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

The wave II correction is entering the late decline phase, so the overall picture is a short-term correction to continue up in wave III. Look for an opportunity to join the uptrend when the correction is complete.

Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Vechain/ U.S. dollar(VETUSD)

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:

Details: Wave II may not be complete, price is likely to be below 0.01781.

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

The wave II correction is entering the late decline phase, so the overall picture is a short-term correction to continue up in wave III. Look for an opportunity to join the uptrend when the correction is complete.

Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst: Kittiampon Somboonsod

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