VETUSD Elliott Wave Technical Analysis Daily ChartFunction: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: Details: Wave II May is complete and the price increase again in Wave III.VETUSD Trading Strategy: VeChain’s trend seems to be over as the price action in Wave 1 is likely to be over. The price is entering a correction in Wave 2, which is likely to test the 50-61.8% level of Wave 1 before rising again in Wave 3. So, look for an opportunity to rejoin the trend.VETUSD Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
VETUSD Elliott Wave Technical Analysis H4 ChartVeChain / U.S. dollar(VETUSD) Function: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level:Details: Wave II May is complete and the price increase again in Wave III.VETUSD Trading Strategy: VeChain’s trend seems to be over as the price action in Wave 1 is likely to be over. The price is entering a correction in Wave 2, which is likely to test the 50-61.8% level of Wave 1 before rising again in Wave 3. So, look for an opportunity to rejoin the trend.VETUSD Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
Technical Analyst : Kittiampon SomboonsodMore By This Author:Nasdaq 100 & SP500 Elliott Wave Analysis: Tech Stock Trading Strategies
Nifty 50 Index Chart Technical Analysis – Friday, August 9
Eli Lilly & Co. Stocks Elliott Wave Technical Analysis – Friday, August 9
