Elliott Wave Technical Analysis: VeChain/U.S. Dollar - Monday, Feb. 12
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Elliott Wave Analysis TradingLounge Daily Chart, 12 February 2024.
VeChain/U.S. Dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.2100
Details: Wave ((5)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095
VeChain/U.S. Dollar(VETUSD)Trading Strategy:
Wave ((4)) appears to have ended at the 0.02506 level and VeChain is increasing in wave ((5)). The target price of wave((5)) is 61.8% of the length of wave ((1)) to wave. ((3)) at the level of 0.04095.
VeChain/U.S. Dollar(VETUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
Analyst: Kittiampon Somboonsod, CEWA
Elliott Wave Analysis TradingLounge 4H Chart, 12 February 2024.
VeChain/U.S. Dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.2100
Details: Wave ((5)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095
VeChain / U.S. dollar(VETUSD)Trading Strategy:
Wave ((4)) appears to have ended at the 0.02506 level and VeChain is increasing in wave ((5)). The target price of wave((5)) is 61.8% of the length of wave ((1)) to wave. ((3)) at the level of 0.04095
VeChain/U.S. Dollar(VETUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
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