Elliott Wave Analysis TradingLounge Daily Chart, 28 September 2022,VeChain(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave 3Direction Next higher Degrees: wave (3) of MotiveDetails: The price tends to trade lower. 0.2003, but must not return no more than 0.02402Wave Cancel invalid Level: 0.02657.VeChain(VETUSD) Trading Strategy: Bear Market Efforts The price tends to tradebelow the 0.2003 level, and it tends to go down to the 0.0159 level. This could be anopportunity to open a short position.VeChain(VETUSD)Technical Indicators: MACD is below 0 line, price is belowMA50,MA200 line, trend is still bearish.Tradinglounge Analyst : Kittiampon SomboonsodSource : Tradinglounge.com Get trial here !VeChain(VETUSD)VETUSD Elliott Wave Tec

We are now nearing the end of the 3rd quarter of 2022. Central banks around the world have stepped up their efforts to fight persistently high inflation by raising interest rates and embarking on plans to tighten the money supply. What happened today were seeds sowed by years of loose monetary policy and mounting national debts. And their resolve is now seriously challenged as nations try to grapple between helping people and businesses whose lives are buckling under immense price pressure vs taming sky-high inflation. To fulfill the former, the Government needs to spend more, and run and finance larger budget deficits through borrowings. This stokes inflation and is likely to elicit a response that will weaken their currency and send their borrowing costs even higher. And if taken too far