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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.

VET/USD Elliott Wave technical analysis

Function: Counter trend.    

Mode: Corrective.

Structure: Double Corrective.

Position: Wave ((Y)).

Direction next higher degrees: Wave II of Impulse.

Details: Wave II may not be complete, price is likely to be below 0.01781.

VeChain/ U.S. dollar(VETUSD)Trading Strategy: The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904.

VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

VET

VeChain/ U.S. dollar(VETUSD) four-our chart

VET/USD Elliott Wave technical analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Direction next higher degrees: wave II of Impulse

Details: Wave II may not be complete, price is likely to be below 0.01781.

VeChain/US Dollar (VETUSD) Trading Strategy: The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904.

VeChain/US Dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

vetusd

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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