VeChain Update:
VeChain has performed absolutely brilliantly, especially during the crypto liquidation the other day.
At the moment of typing this, VET is fighting to stay above its Pitchfork Median Line. Ideally we want this daily candle to close above this level.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
Notice how the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) levels are also moving sideways indictating sideways momentum.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards, but be aware that it is a fast reaction indicator.
VET is still well above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
Notice how the Bollinger Bands Lower Band is starting to curve upwards indicating volatility is slowing.
VET is well above its 50EMA so there is no fear of dropping below that level anytime soon.
If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is well within the Accumulation Zone at 0.15 and that strong accumulation has been happening over the last couple of days.
The ADX DI SMA is indicating VET is still in an uptrend for this timeframe with the ADX (Yellow Line) at 78.8 still above its 10 Period SMA (White Line) which is at 74.6. The +DI (Green Line) has dipped to 29.8 but it its still well above its -DI (Red Line) which is at 8.8.
This is all telling me that VeChain is still very, very strong. If VET closes this daily candle below the Pitchfork Median Line, then we may see some continued sideways momentum for a few days bringing up the Bollinger Bands Lower Band ready for another massive move upwards. Saying that however, if VET closes this daily candle above the Pitchfork Median Line, then VET may shoot up again much sooner.
VeChain is a crypto sleeping giant that as of recently, seems to been getting noticed much more and is gaining a lot more mainstream attention. All i can say is, VET should 100% be in your longterm portfolio, so grab a bag before VET gets to $1 and beyond 🚀. Also ask yourself…… are you seriously gonna miss this potential opportunity?
I hope this is helpful with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VeChain has performed absolutely brilliantly, especially during the crypto liquidation the other day.
At the moment of typing this, VET is fighting to stay above its Pitchfork Median Line. Ideally we want this daily candle to close above this level.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
Notice how the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) levels are also moving sideways indictating sideways momentum.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards, but be aware that it is a fast reaction indicator.
VET is still well above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
Notice how the Bollinger Bands Lower Band is starting to curve upwards indicating volatility is slowing.
VET is well above its 50EMA so there is no fear of dropping below that level anytime soon.
If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is well within the Accumulation Zone at 0.15 and that strong accumulation has been happening over the last couple of days.
The ADX DI SMA is indicating VET is still in an uptrend for this timeframe with the ADX (Yellow Line) at 78.8 still above its 10 Period SMA (White Line) which is at 74.6. The +DI (Green Line) has dipped to 29.8 but it its still well above its -DI (Red Line) which is at 8.8.
This is all telling me that VeChain is still very, very strong. If VET closes this daily candle below the Pitchfork Median Line, then we may see some continued sideways momentum for a few days bringing up the Bollinger Bands Lower Band ready for another massive move upwards. Saying that however, if VET closes this daily candle above the Pitchfork Median Line, then VET may shoot up again much sooner.
VeChain is a crypto sleeping giant that as of recently, seems to been getting noticed much more and is gaining a lot more mainstream attention. All i can say is, VET should 100% be in your longterm portfolio, so grab a bag before VET gets to $1 and beyond 🚀. Also ask yourself…… are you seriously gonna miss this potential opportunity?
I hope this is helpful with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽