05Apr
VETUSD Elliott Wave Technical Analysis April 06 2023
VETUSD Elliott Wave Technical Analysis April 06 2023
4Hour
VeChain /U.S.dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.01940
Details: : Wave (3) is usually equal to 1.618 multiplied Length of wave (1)
VeChain /U.S.dollar(VETUSD)Trading Strategy: VeChain is recovering well. And we expect wave ((2)) to end at the level of 0.02144. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the level of 0.03102.
VeChain /U.S.dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators Below Zero-Line momentum are Bearish
Daily
VeChain /U.S.dollar(VETUSD)
VETUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.01533
Details: : Wave ((3)) is usually equal to 1.618 multiplied Length of wave ((1))
VeChain /U.S.dollar(VETUSD)Trading Strategy: VeChain is recovering well. And we expect wave ((2)) to end at the level of 0.01940. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the level of 0.04705.
VeChain /U.S.dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a Down Trend The wave oscillators above Zero-Line momentum are Bullish
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