VETUSD Elliott Wave technical analysis [Video]
|VETUSD Elliott Wave technical analysis
Function: Trend Following.
Mode: Motive.
Structure: Impulse.
Position: Wave II.
Next direction (Higher degree):
Invalidation level:
Following the rebound from the $0.0212 low in major wave V, VET moved to a fresh peak of $0.0315 within sub-wave ⑤. The asset has since entered an A-B-C corrective phase, indicating a consolidation stage in the broader bullish wave structure.
Trading strategies:
-
Strategy Overview
* For Short-Term Traders (Swing Trading):
*Monitor for buying opportunities during dips between $0.022–$0.024, confirming with a reversal pattern.
* Risk Management:
* Place stop-loss orders below $0.018 to manage downside risk.
VETUSD Elliott Wave technical analysis
Function: Trend Following.
Mode: Motive.
Structure: Impulse.
Position: Wave II.
Next direction (Higher degree):
Invalidation level:
After rebounding from $0.0212 in major wave V, VET reached $0.0315 in sub-wave ⑤ before initiating a correction in an A-B-C wave pattern. This development suggests the early consolidation stage within the continuing uptrend.
Trading strategies:
-
Strategy overview
* For short-term traders (Swing trading):
* Look to buy on dips between $0.022 and $0.024, pending confirmation from reversal signals.
* Risk management:
* Set stop-loss beneath $0.018 to minimize risk.
VETUSD Elliott Wave technical analysis [Video]
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