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Elliott Wave Analysis TradingLounge Daily Chart, 24 October 23
VeChain/U.S. dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level: 0.01318
Details: wave 3 equal to 161.8% of wave 1 at 0.02759.
VeChain/U.S. dollar(VETUSD)Trading Strategy: The correction is likely to end after the price recovers from the 0.01609 level and can stay above the MA200 line, indicating a strong uptrend. We expect that the price is likely to reach the 161.8% level of wave 1 at the level of 0.02218.
VeChain/U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com
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Elliott Wave Analysis TradingLounge 4H Chart, 24 October 23,
VeChain/U.S. dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level: 0.01318
Details: wave 3 equal to 161.8% of wave 1 at 0.02257
VeChain/U.S. dollar(VETUSD)Trading Strategy: The correction is likely to end after the price recovers from the 0.01609 level and can stay above the MA200 line, indicating a strong uptrend. We expect that the price is likely to reach the 161.8% level of wave 1 at the level of 0.02218.
VeChain/U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
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