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VeChain / U.S. dollar(VETUSD) Elliott Wave Technical Analysis 12 February 24


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Elliott Wave Analysis TradingLounge Daily Chart, 12 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:

Wave ((4)) appears to have ended at the 0.02506 level and VeChain is increasing in wave ((5)). The target price of wave((5)) is 61.8% of the length of wave ((1)) to wave. ((3)) at the level of 0.04095.

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

 

 

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Elliott Wave Analysis TradingLounge 4H Chart, 12 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:

Wave ((4)) appears to have ended at the 0.02506 level and VeChain is increasing in wave ((5)). The target price of wave((5)) is 61.8% of the length of wave ((1)) to wave. ((3)) at the level of 0.04095

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

 

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