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VeChain Elliott Wave technical analysis [Video]

VeChain Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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.

Chart

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.

Chart

VeChain Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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