Elliott Wave Analysis TradingLounge daily chart.
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.
Details: Wave II may not be complete, price is likely to be below 0.01781.
VeChain/ U.S. dollar(VETUSD)Trading Strategy: The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904.
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) four-our chart
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
Details: Wave II may not be complete, price is likely to be below 0.01781.
VeChain/US Dollar (VETUSD) Trading Strategy: The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904.
VeChain/US Dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
VeChain Elliott Wave technical analysis [Video]
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