VeChain(VETUSD) Elliott Wave Analysis 28 September 2022

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart, 28 September 2022,

VeChain(VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave (3) of Motive

Details: The price tends to trade lower. 0.2003, but must not return no more than 0.02402

Wave Cancel invalid Level: 0.02657.

VeChain(VETUSD) Trading Strategy: Bear Market Efforts The price tends to trade

below the 0.2003 level, and it tends to go down to the 0.0159 level. This could be an

opportunity to open a short position.

VeChain(VETUSD)Technical Indicators: MACD is below 0 line, price is below

MA50,MA200 line, trend is still bearish.

Tradinglounge Analyst : Kittiampon Somboonsod

 

 

 

 

VeChain(VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave (3) of Motive

Details: The price tends to trade lower. 0.2003, but must not return no more than 0.02402

Wave Cancel invalid Level: 0.02657.

VeChain(VETUSD) Trading Strategy: Bear Market Efforts The price tends to trade

below the 0.2003 level, and it tends to go down to the 0.0159 level. This could be an

opportunity to open a short position.

VeChain(VETUSD)Technical Indicators: MACD and MACDHistogram has a Bullish

divergence, and the price has an opportunity reversal.