Elliott Wave Analysis TradingLounge
Vechain/ U.S. dollar(VETUSD)
VET/USD 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:
Details: Wave II may not be complete, price is likely to be below 0.01781.
Vechain/ U.S. dollar(VETUSD)Trading Strategy:
The wave II correction is entering the late decline phase, so the overall picture is a short-term correction to continue up in wave III. Look for an opportunity to join the uptrend when the correction is complete.
Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
Vechain/ U.S. dollar(VETUSD)
VET/USD 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:
Details: Wave II may not be complete, price is likely to be below 0.01781.
Vechain/ U.S. dollar(VETUSD)Trading Strategy:
The wave II correction is entering the late decline phase, so the overall picture is a short-term correction to continue up in wave III. Look for an opportunity to join the uptrend when the correction is complete.
Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
Technical analyst: Kittiampon Somboonsod.
VET/USD Elliott Wave technical analysis [Video]
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