VeChain/US Dollar Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart, 2 February 24, 

VeChain/US 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)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095

VeChain/US Dollar(VETUSD)Trading Strategy:

It appears that the correction in the fourth wave is complete. And we are entering another fifth wave of increases. We expect the price to test the level of 0.04095, which is the level of 61.8% of Wave 1 through Wave 3.

VeChain/US.Dollar(VETUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA.

Elliott Wave Analysis TradingLounge 4Hr Chart, 2 February 24,  

Vchain/US 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)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095.

VeChain/US Dollar(VETUSD) Trading Strategy: 

It appears that the correction in the fourth wave is complete. And we are entering another fifth wave of increases. We expect the price to test the level of 0.04095, which is the level of 61.8% of Wave 1 through Wave 3.

VeChain/US Dollar(VETUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.