Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartVeChain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: Details: Wave II may not be complete, price is likely to be below 0.01781.VeChain/ U.S. dollar(VETUSD)Trading Strategy:
The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904.VeChain/ U.S. dollar(VETUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum.
VeChain/ U.S. dollar(VETUSD) 4h chartVETUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: Details: Wave II may not be complete, price is likely to be below 0.01781.VeChain/ U.S. dollar(VETUSD)Trading Strategy:
The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904.VeChain/ U.S. dollar(VETUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum.
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:Fortinet Inc. Elliott Wave Technical Analysis
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