VeChain (VET/USD) Elliott Wave technical analysis [Video]

VET/USD Elliott Wave technical analysis

• Function: Trend Following.

• Mode: Motive.

• Structure: Impulse.

• Position: Wave II.

• Direction of higher degree: Pending.

• Wave invalid level: Not Specified.

VET/USD trading strategy – Daily chart

Following the major Wave V bottom at $0.0212, VETUSD advanced to $0.0315 during the sub-wave ⑤. This rise marks the beginning of a correction phase labeled A-B-C, signaling a pause in the larger bullish structure.

Currently, VETUSD is nearing the end of wave C. The price is testing a key Fibonacci support area between 0.5–0.618 retracement levels. Historically, this zone often acts as a launchpad for new upward movements after corrections.

Trading strategies

• For swing traders
• • Look for a dip-buying chance between $0.022 and $0.024 if a reversal signal appears.
• Risk management
• • Place a stop-loss order under $0.018 to control risk exposure.

VET/USD Elliott Wave technical analysis

• Function: Trend Following
• Mode: Motive
• Structure: Impulse
• Position: Wave II
• Direction of Higher Degree: Pending
• Wave Invalid Level: Not Specified

VET/USD trading strategy – Four-hour chart

VETUSD rose from $0.0212 to $0.0315, ending sub-wave ⑤. Since then, it has entered a corrective A-B-C pattern, aligning with the broader bullish cycle.

As wave C approaches its end, the Fibonacci 0.5–0.618 support zone becomes critical. It is often where market reversals form post-correction.

Trading strategies

• For swing traders
• • Watch for dip entries in the $0.022–$0.024 range, confirming a reversal pattern.
• Risk management
• • A stop-loss below $0.018 is advised to manage potential downside.

VeChain (VET/USD) Elliott Wave technical analysis [Video]