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VeChain Crypto Price News Today Elliott Wave Technical Analysis


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Elliott Wave Analysis TradingLounge Daily Chart,

VeChain/ U.S. dollar(VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Counter trend    

Mode: Corrective

Structure: Flat

Position: Wave ((C))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level: 0.2100

Details: Wave II May is complete and the price increase again in Wave III

VeChain/ 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, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386

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

Crypto24(1).thumb.png.4d8586163703b96575d2fddd82273f33.png

 

 

 

Elliott Wave Analysis TradingLounge H4 Chart,

VeChain/ U.S. dollar(VETUSD)

VETUSD Elliott Wave Technical Analysis

Function: Counter trend    

Mode: Corrective

Structure: Flat

Position: Wave ((C))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level: 0.2100

Details: Wave II May is complete and the price increase again in Wave III

VeChain/ 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, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386

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

Crypto24.thumb.png.5d14238964f5ebeb0e2d8775e8ba9bee.png

 

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

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  • 3 weeks later...

This analysis of VETUSD using Elliott Wave is interesting! While I can't offer financial advice, I can share some thoughts based on what I've learned about technical analysis:

    Elliott Wave can be complex:  It's a valuable theory, but it can also be subjective.  Different analysts can interpret the waves differently.

    Technical indicators can be helpful:  They can provide additional insights, but they shouldn't be the only factor in your trading decisions.  The contradicting information between the price being below the MA200 (downtrend) and the Wave Oscillator showing bullish momentum is a good example.

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