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 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 at the 0.032 level 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 Bullish Momentum.
VeChain Elliott Wave analysis four-hour chart
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 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 at the 0.032 level 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 Bullish Momentum.
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.