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

Andra artiklar publicerade 27 juli 2024

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Solana Price Target $250 Rally with 2M Active Users Boosting Network Activity

Is MOONHOP the Best New Crypto to Invest In? 10% Referral Bonus Leaves Cardano & XRP Investors St...

Over $4 million in short positions liquidated as Solana’s (SOL) price rose to above $187

MATIC and LTC Holders Continue To Go All In On This New 100x Potential Crypto Moonshot

U.S. senators steal the show at Bitcoin 2024

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!