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

Vechain (VETUSD) – Elliott Wave analysis – Daily chart

Function: Follow-Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave 3.

Invalidation level: $0.02000 (W.C. Invalid).

Overview

Vechain (VETUSD) is currently forming sub-wave (3) within the larger wave III structure after completing wave II. The target for wave (3) is projected near the 2.618 Fibonacci extension of wave (1), approximately at $0.03286 USD. To maintain this bullish impulse structure, the price must remain above the key support zone at $0.02000 USD. A break below this level would invalidate the current wave count.

Trading strategy

• Swing trade (short-term traders):

  • If a base forms at wave (4) along the way, it could offer an opportunity to add to existing positions.

• Wave cancel (invalidation zone):

  • Critical support: $0.02000 USD

  • A move below this invalidates the bullish setup.

Vechain (VET/USD) – Elliott Wave analysis – Four-hour chart

Technical analysis – TradingLounge

Function: Follow-Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave 3.

Invalidation level: $0.02000 (W.C. Invalid).

Overview

On the 4-hour chart, VETUSD continues within sub-wave (3) of major wave III after confirming the end of wave II. The short-term bullish target remains around $0.03286 USD (2.618 extension of wave (1)). As long as the price holds above $0.02000, the structure is considered valid and bullish.

Trading strategy

• For swing traders:

  • Potential buy zones may form at minor corrections like wave (4), creating opportunities to increase exposure.

• Wave cancel level:

  • Must-hold support: $0.02000 USD.

  • Falling below this level cancels the current wave count.

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