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: 0.2100

Details: Wave II May is complete and the price increase again in Wave III.

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

The correction in Wave II appears to be complete and the price is resuming the upward trend. Therefore, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386.

VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

(Click on image to enlarge)

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: 0.2100

Details: Wave II May is complete and the price increase again in Wave III

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

The correction in Wave II appears to be complete and the price is resuming the upward trend. Therefore, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386.

VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

(Click on image to enlarge)

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