VETUSD Elliott Wave Technical Analysis Daily Chart

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.

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.

VETUSD Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

VETUSD Elliott Wave Technical Analysis H4 Chart

VeChain / U.S. dollar(VETUSD) 

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.

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.

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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