VeChain/US Dollar Elliott Wave technical analysis [Video]
|Elliott Wave Analysis TradingLounge Daily Chart, 16 February 24,
VeChain/ 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)'s five-wave increase.
VeChain/U.S. dollar(VETUSD)Trading Strategy:
Wave (5)'s five-wave increase lacked two more moves. in the correction in wave (4) and rose again in wave (5). Therefore, overall VeChain is still in an uptrend.
VeChain/U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
Elliott Wave Analysis TradingLounge 4H Chart, 16 February 24,
VeChain/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)'s five-wave increase.
VeChain/U.S. dollar(VETUSD)Trading Strategy:
Wave (5)'s five-wave increase lacked two more moves. in the correction in wave (4) and rose again in wave (5). Therefore, overall VeChain is still in an uptrend.
VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
Technical Analyst: Kittiampon Somboonsod.
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