VET/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Double corrective.
Position: Wave ((Y)).
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.
VET/USD trading strategy
The correction in wave II appears to be complete 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.
VET/USD technical indicators
The price is below the MA200 indicating a downtrend, the wave oscillator is a bearish momentum.
VET/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Double corrective.
Position: Wave ((Y)).
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.
VET/USD trading strategy
The correction in wave II appears to be complete 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.
VET/USD technical indicators
The price is below the MA200 indicating a downtrend, the wave oscillator is a bearish momentum.
.thumb-638539352766411064.png.8f04c20f8444d00a763541355a96655f-638539352766411064.png)
VET/USD Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended Content
Editors’ Picks
Ethereum Price Forecast: ETH could see new all-time high in 2025 as blobs top burn leaderboard
Ethereum is down 1% on Tuesday following a weeklong consolidation of the general crypto market. The top altcoin could be set for a bullish 2025 if blobs continue their recent trend of burning high amounts of ETH.
PEPE Price Prediction: Last-minute $121M whale demand sparks 1,500% 2024 rally
PEPE price surged 25% within the last 24 hours, decoupling from the broader crypto market’s year-end volatility. With whales spotted entering last-minute buying frenzy, can PEPE breach the $0.000025 resistance?
XRP volumes zoom ahead of Bitcoin, Dogecoin in South Korea, what’s next?
XRP trading volumes on South Korea's biggest crypto exchanges have overtaken those of Bitcoin (BTC) and Ether (ETH) in a sign of flurried interest that often precedes price volatility.
Only three out of ten top altcoins grew in December
The cryptocurrency market continues to fall, losing some of its significant growth since the beginning of the year. Its capitalisation fell a further 1.4% to $3.23 trillion, matching the lows of the last week and a half.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.