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VeChain / U.S. dollar(VETUSD) Elliott Wave Technical Analysis 6 February 24


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Elliott Wave Analysis TradingLounge Daily Chart, 6 February 24, 

VeChain / U.S. dollar(VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive 

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid Level: 0.2100

Details: Wave ((5)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095

VeChain / U.S. dollar(VETUSD)Trading Strategy:

It appears that the correction in the fourth wave is complete. And we are entering another fifth wave of increases. We expect the price to test the level of 0.04095, which is the level of 61.8% of Wave 1 through Wave 3.

VeChain / U.S. dollar(VETUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

Crypto24.thumb.png.12b0c424f5ff2c0ff7a9bee5b0fcafbc.png

 

 

 

Elliott Wave Analysis TradingLounge 4Hr Chart, 6 February 24,  

Polkadot / U.S. dollar(DOTUSD)

VETUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive 

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid Level: 0.2100

Details: Wave ((5)) is equal to 61.8% of Wave ((1)) through wave ((3)) at 0.04095

VeChain / U.S. dollar(VETUSD) Trading Strategy: 

It appears that the correction in the fourth wave is complete. And we are entering another fifth wave of increases. We expect the price to test the level of 0.04095, which is the level of 61.8% of Wave 1 through Wave 3.

VeChain / U.S. dollar(VETUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.

Crypto24(1).thumb.png.b6cbbd2fe858a53b88ebb3171f70f1cd.png

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