VeChain Elliott Wave technical analysis [Video]
|Elliott Wave Analysis TradingLounge Daily Chart,
VeChain/ U.S. dollar(VETUSD).
VET/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Flat.
Position: Wave ((C)).
Direction next higher degrees: Wave II of Impulse
Wave cancel invalid level: 0.2100
Details: Wave II Is equal 50% of Wave I at 0.0270
VeChain/U.S. dollar(VETUSD)Trading Strategy:
The short-term retracement of the second wave is likely to retest the 50% level of the first wave at 0.0270. We expect that the price is still likely to fall further, but only as a pullback. short term to continue Wait for the correction to complete to rejoin the uptrend.
VeChain/U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge 4H Chart,
VeChain/ U.S. dollar(VETUSD).
VET/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Flat.
Position: Wave ((C)).
Direction next higher degrees: Wave II of Impulse
Wave Cancel invalid Level:
Details: Wave C is equal to 161.8% of Wave A at 0.0265
VeChain/U.S. dollar(VETUSD)Trading Strategy:
The short-term retracement of the second wave is likely to retest the 50% level of the first wave at 0.0270. We expect that the price is still likely to fall further, but only as a pullback. short term to continue Wait for the correction to complete to rejoin the uptrend.
VeChain/U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
Technical analyst: Kittiampon Somboonsod/
VeChain Elliott Wave technical analysis [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.