Elliott Wave Analysis TradingLounge Daily Chart, 6 February 24,
VeChain /US Dollar(VETUSD)
VET/USD Elliott Wave technical analysis
Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((5))
Direction next higher degrees: wave I of Impulse
Wave cancel invalid level: 0.2100
Details: Wave ((5)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095
VeChain /US Dollar(VET/USD)trading strategy
It appears that the correction in the fourth wave is complete. And we are entering another fifth wave of increases. We expect the price to test the level of 0.04095, which is the level of 61.8% of Wave 1 through Wave 3.
VeChain / U.S. dollar(VETUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum
TradingLounge Analyst: Kittiampon Somboonsod
Elliott Wave Analysis TradingLounge 4Hr Chart, 6 February 24,
VCHAIN / U.S. dollar(VETUSD)
VET/USD Elliott Wave technical analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction next higher degrees: wave I of Impulse
Wave cancel invalid level: 0.2100
Details: Wave ((5)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095
VeChain /US Dollar(VET/USD) trading strategy
It appears that the correction in the fourth wave is complete. And we are entering another fifth wave of increases. We expect the price to test the level of 0.04095, which is the level of 61.8% of Wave 1 through Wave 3.
VeChain /U.S. dollar(VETUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.
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