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Elliott Wave Analysis Trading Lounge Daily Chart, 08 March 2023. 

Vechain / U.S. Dollar (VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Counter trend    

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 0.01533

Details: : Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) at 0.218.

Vechain / U.S. Dollar (VETUSD)Trading Strategy: Vechain recovered from the level of 0.01533 and ended at the level of 0.03255 with a wave pattern. Causing us to expect an increase in the first child And the price is reversing in the second wave. And must not retrace below 0.01533, wait for the second wave to complete to join the trend again cond wave to finish to join the trend again.

Vechain / U.S. Dollar (VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators below Zero-Line momentum are bearish.

Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 08 March 2023.

Vechain / U.S. Dollar (VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Counter trend    

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 0.01533

Details: Wave (A) is usually equal to 1.618 multiplied Length of wave (C) at 0.02154.

Vechain / U.S. Dollar (VETUSD) Trading Strategy: Vechain recovered from the level of 0.01533 and ended at the level of 0.03255 with a wave pattern. Causing us to expect an increase in the first child And the price is reversing in the second wave. And must not retrace below 0.01533, wait for the second wave to complete to join the trend again cond wave to finish to join the trend again.

Vechain / U.S. Dollar (VETUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators below Zero-Line momentum are bearish.

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