Cryptocurrencies

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