Elliott Wave Technical Analysis: VETUSD - Friday, February 16

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Elliott Wave Analysis TradingLounge Daily Chart, 16 February 24,

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)'s five-wave increase

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

Wave (5)'s five-wave increase lacked two more moves. in the correction in wave (4) and rose again in wave (5). Therefore, overall VeChain is still in an uptrend.

VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 16 February 24,

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)'s five-wave increase

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

Wave (5)'s five-wave increase lacked two more moves. in the correction in wave (4) and rose again in wave (5). Therefore, overall VeChain is still in an uptrend.

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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