Vechain (VET/USD) Elliott Wave technical analysis [Video]
|Vechain (VETUSD) – Elliott Wave analysis – Daily chart
Function: Follow-Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 3.
Invalidation level: $0.02000 (W.C. Invalid).
Overview
Vechain (VETUSD) is currently forming sub-wave (3) within the larger wave III structure after completing wave II. The target for wave (3) is projected near the 2.618 Fibonacci extension of wave (1), approximately at $0.03286 USD. To maintain this bullish impulse structure, the price must remain above the key support zone at $0.02000 USD. A break below this level would invalidate the current wave count.
Trading strategy
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Swing trade (short-term traders):
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If a base forms at wave (4) along the way, it could offer an opportunity to add to existing positions.
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Wave cancel (invalidation zone):
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Critical support: $0.02000 USD
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A move below this invalidates the bullish setup.
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Vechain (VET/USD) – Elliott Wave analysis – Four-hour chart
Technical analysis – TradingLounge
Function: Follow-Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 3.
Invalidation level: $0.02000 (W.C. Invalid).
Overview
On the 4-hour chart, VETUSD continues within sub-wave (3) of major wave III after confirming the end of wave II. The short-term bullish target remains around $0.03286 USD (2.618 extension of wave (1)). As long as the price holds above $0.02000, the structure is considered valid and bullish.
Trading strategy
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For swing traders:
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Potential buy zones may form at minor corrections like wave (4), creating opportunities to increase exposure.
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Wave cancel level:
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Must-hold support: $0.02000 USD.
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Falling below this level cancels the current wave count.
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Vechain (VET/USD) Elliott Wave technical analysis [Video]
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