VeChain daily chart update:
VeChain has done better than most during this crypto drop.
VET is still above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
VET is still below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
VET is still above its 50EMA.
VET is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Ideally we want to close this daily candle above this level.
The Bollinger Bands Lower Band has moved upwards closer to the Middle Band indicating volatility has slowed.
The Chaikin Money Flow (CMF) is indicating VET is still being accumulated with the CMF Line (Green Line) at 0.13.
The MACD Line (Blue Line) had crossed under its Signal Line (Orange Line) on the 23rd April, but it is still well above its MACD base line at 0.0. We need the MACD line to curve back above its Signal Line.
At the moment VeChain has found resistance from its Lower Yellow Pitchfork Resistance Line & its Ichimoku Cloud Conversion Line (Tenkan Sen). VET needs to cross over these levels and turn them it into strong support.
You all know how i feel about VeChain, and how i feel it will soon decimate some of the cryptos in the top 10 on CoinMarketCap, so think longterm & grab a bag while it’s still under $1. Also, well done if you managed to pick up a back during that dip to $0.13 👍
Soon, the age of VeChain will be upon us 💪
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VeChain has done better than most during this crypto drop.
VET is still above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
VET is still below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
VET is still above its 50EMA.
VET is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Ideally we want to close this daily candle above this level.
The Bollinger Bands Lower Band has moved upwards closer to the Middle Band indicating volatility has slowed.
The Chaikin Money Flow (CMF) is indicating VET is still being accumulated with the CMF Line (Green Line) at 0.13.
The MACD Line (Blue Line) had crossed under its Signal Line (Orange Line) on the 23rd April, but it is still well above its MACD base line at 0.0. We need the MACD line to curve back above its Signal Line.
At the moment VeChain has found resistance from its Lower Yellow Pitchfork Resistance Line & its Ichimoku Cloud Conversion Line (Tenkan Sen). VET needs to cross over these levels and turn them it into strong support.
You all know how i feel about VeChain, and how i feel it will soon decimate some of the cryptos in the top 10 on CoinMarketCap, so think longterm & grab a bag while it’s still under $1. Also, well done if you managed to pick up a back during that dip to $0.13 👍
Soon, the age of VeChain will be upon us 💪
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽