VETUSD Elliott Wave technical analysis [Video]

VETUSD Elliott Wave technical analysis

Function: Trend Following.

Mode: Motive.

Structure: Impulse.

Position: Wave II.

Next direction (Higher degree):

Invalidation level:

Following the rebound from the $0.0212 low in major wave V, VET moved to a fresh peak of $0.0315 within sub-wave ⑤. The asset has since entered an A-B-C corrective phase, indicating a consolidation stage in the broader bullish wave structure.

Trading strategies:

• Strategy Overview
     * For Short-Term Traders (Swing Trading):
        *Monitor for buying opportunities during dips between $0.022–$0.024, confirming with a reversal pattern.
     * Risk Management:
        * Place stop-loss orders below $0.018 to manage downside risk.

VETUSD Elliott Wave technical analysis

Function: Trend Following.

Mode: Motive.

Structure: Impulse.

Position: Wave II.

Next direction (Higher degree):

Invalidation level:

After rebounding from $0.0212 in major wave V, VET reached $0.0315 in sub-wave ⑤ before initiating a correction in an A-B-C wave pattern. This development suggests the early consolidation stage within the continuing uptrend.

Trading strategies:

• Strategy overview
     * For short-term traders (Swing trading):
        * Look to buy on dips between $0.022 and $0.024, pending confirmation from reversal signals.
     * Risk management:
        * Set stop-loss beneath $0.018 to minimize risk.

VETUSD Elliott Wave technical analysis [Video]