VeChain Daily Chart Update:
VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways.
VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level.
VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected.
Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA.
The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart.
The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart.
The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum.
As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating.
I hope this is helpful with your trading and hodl-ing.
VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways.
VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level.
VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected.
Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA.
The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart.
The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart.
The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum.
As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating.
I hope this is helpful with your trading and hodl-ing.