08Mar
VETUSD Elliott Wave Technical Analysis March 08 2023
VETUSD Elliott Wave Technical Analysis March 08 2023
4Hour
Vechain/U.S.dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.01533
Details: Wave (A) is usually equal to 1.618 multiplied Length of wave (C) at 0..02154
Vechain/U.S.dollar(VETUSD)Trading Strategy: Vechain recovered from the level of 0.01533 and ended at the level of 0.03255 with a wave pattern. Causing us to expect an increase in the first child And the price is reversing in the second wave. And must not retrace below 0.01533, wait for the second wave to complete to join the trend again.cond wave to finish to join the trend again.
Vechain/U.S.dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
Daily
Vechain/U.S.dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.01533
Details: : Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) at 0.218
Vechain/U.S.dollar(VETUSD)Trading Strategy: Vechain recovered from the level of 0.01533 and ended at the level of 0.03255 with a wave pattern. Causing us to expect an increase in the first child And the price is reversing in the second wave. And must not retrace below 0.01533, wait for the second wave to complete to join the trend again.cond wave to finish to join the trend again.
Vechain/U.S.dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
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