Apologies if this chart seems messy to some, but i understand fully what it all means so it doesn’t confuse me when i look at it. Hopefully you all find it helpful. VeChain is very close to crossing a milestone level……. its Pitchfork Median Line on the daily chart. The Lagging Span (Chikou Span) is indicating upwards momentum. The RSI is also indicating upwards momentum in the overbought range, but being in the overbought range doesn’t mean VET will drop as the indicator can range sideways in the overbought area. We have upwards momentum but VET is still within a sideways range. The ADX DI SMA is indicating VET is in a strong uptrend with the ADX (Yellow Line) at 58.7 above its 10 Period SMA (White Line) at 47.8. The +DI (Green Line) is at 20.3 and the -DI (Red Line) is at 5.8 indicating positive momentum. The +DI has dipped a bit but its still a fair distance away from its -DI so we won’t see a negative momentum crossover anytime soon. The Bollinger Bands Lower Band is still moving upwards and the Upper and Middle Bands are also moving upwards. If you follow the ways of the Ichimoku Cloud then you can see that VET shows no sign of dropping back into the Bearish Zone anytime soon on this timeframe.
My personal opinion is that VeChain is still massively undervalued! If VeChain manages to eventually cross over its Pitchfork Media Line on the daily chart and turn it into strong support then i honestly believe that VET will do what ADA did after making $0.1….. soon VET will see $1. Just like ADA before it, accumulation should be prioritised before VET gets near and over $1. I hope this is helpful. Good luck 🙏
My personal opinion is that VeChain is still massively undervalued! If VeChain manages to eventually cross over its Pitchfork Media Line on the daily chart and turn it into strong support then i honestly believe that VET will do what ADA did after making $0.1….. soon VET will see $1. Just like ADA before it, accumulation should be prioritised before VET gets near and over $1. I hope this is helpful. Good luck 🙏