VET/USD Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart, 12 February 24,.

VeChain / U.S. 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 /U.S. dollar(VETUSD)trading strategy:

Wave ((4)) appears to have ended at the 0.02506 level and VeChain is increasing in wave ((5)). The target price of wave((5)) is 61.8% of the length of wave ((1)) to wave. ((3)) at the level of 0.04095

VeChain / U.S. 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 4H Chart, 12 February 24,  

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 / U.S. dollar(VETUSD) trading strategy:

Wave ((4)) appears to have ended at the 0.02506 level and VeChain is increasing in wave ((5)). The target price of wave((5)) is 61.8% of the length of wave ((1)) to wave. ((3)) at the level of 0.04095

VeChain / U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.