Elliott Wave Technical Analysis - VeChain Crypto Price News Today
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))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level:
Details: Wave II May is complete and the price increase again in Wave III.
VeChain / U.S. dollar(VETUSD)Trading Strategy:
VeChain's trend seems to be over as the price action in Wave 1 is likely to be over. The price is entering a correction in Wave 2, which is likely to test the 50-61.8% level of Wave 1 before rising again in Wave 3. So, look for an opportunity to rejoin the trend.
VeChain / U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
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))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level:
Details: Wave II May is complete and the price increase again in Wave III.
VeChain / U.S. dollar(VETUSD)Trading Strategy:
VeChain's trend seems to be over as the price action in Wave 1 is likely to be over. The price is entering a correction in Wave 2, which is likely to test the 50-61.8% level of Wave 1 before rising again in Wave 3. So, look for an opportunity to rejoin the trend.
VeChain / U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum.
Technical Analyst: Kittiampon Somboonsod
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
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