VeChain

<ul><li>VeChain&#39;s price is in Wave ((Y)), nearing completion, signaling a potential rise as it enters Wave 2.</li><li>Despite current downtrend, bullish Wave Oscillator suggests VET/USD could rebound in Wave 3.</li><li>VeChain&#39;s RSI at 47.61 and MACD below the signal line suggest cautious trading, with a potential for future recovery.</li></ul><a href="https://cryptotale.org/vechain-shows-bullish-momentum-after-key-resistance-breakout-2x-incoming/" rel="noopener noreferrer nofollow">VeChain </a>(VET) against the U.S. dollar is drawing attention due to its recent technical analysis and potential market movements. The Elliott Wave theory offers a comprehensive framework to analyze these trends, particularly highlighting a corrective phase for VET/USD. According to current insights by <a href="https://www.youtube.com/watch?v&#61;T4TZU1zSXhE" rel="noopener noreferrer nofollow">TradingLounge</a>, an analytic firm, VeChain&#39;s price action has entered a corrective structure, specifically a Double Corrective pattern, signaling that the market is poised for a significant shift.Currently, VET/USD is navigating through Wave ((Y)) of a larger corrective phase. This phase appears to be winding down, as Wave II may be nearing completion. The price has likely finished its initial corrective phase in Wave 1 and is poised to enter Wave 2. This phase is crucial as it typically tests the 50-61.8% retracement level of the preceding Wave 1 before initiating a bullish Wave 3. Consequently, this presents a potential opportunity for traders to re-enter the market as the price is expected to rise.<a href="https://cryptotale.org/heres-why-vets-corrective-phase-could-set-up-for-a-strong-bullish-wave-ahead/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Here's Why VET’s Corrective Phase Could Set Up for a Strong Bullish Wave Ahead

CryptoTale

Další články publikované 27. 7. 2024

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