VETUSD Elliott Wave Technical Analysis February 04 2023
4Hour
VeChain/U.S.dollar(VETUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave I of Motive
Wave Cancel invalid level: 4.23
VeChain/U.S.dollar(VETUSD) Trading Strategy: Vechain Coin has recovered well from the 0.01533 level, but is at the end of the fifth wave. It is an early warning of a correction or trend change. Trading should wait for the correction to complete.
VeChain/U.S.dollar(VETUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum
DAILY
VeChain/U.S.dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((1))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.01535
Details: The rise of the uptrend in wave ((1)), upon completion, the price will reverse in wave ((2)), but must not reverse below 0.015.
VeChain/U.S.dollar(VETUSD) Trading Strategy: Vechain Coin recovered well from the 0.01533 level, and a bullish divergence signaled, giving the price a chance to reverse the upward trend. But since the price is still below the MA200, it may cause the price to be pressured by selling pressure. Trading should be done with caution.
VeChain/U.S.dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators above Zero-Line momentum are bullish
