Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartVeChain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave IIIVeChain/ U.S. dollar(VETUSD)Trading Strategy:
The correction in Wave II appears to be complete at the 0.032 level, and the price is resuming the upward trend. Therefore, to look for an opportunity to join the uptrend, you may need to wait for confirmation after the price rises above 0.0386.VeChain/ U.S. dollar(VETUSD)Technical Indicators:
The price is below the MA200, indicating a downtrend. However, the Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 ChartVeChain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave IIIVeChain/ U.S. dollar(VETUSD)Trading Strategy:
The correction in Wave II appears to be complete at the 0.032 level, and the price is resuming the upward trend. Therefore, to look for an opportunity to join the uptrend, you may need to wait for confirmation after the price rises above 0.0386.VeChain/ U.S. dollar(VETUSD)Technical Indicators:
The price is below the MA200, indicating a downtrend. However, the Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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