VeChain is still looking abosolutly fantastic. If we look at the daily chart, we can see that VET has found resistance at its green Pitchfork Resistance line. Once VET crosses over this line and turns it into strong support, then VET will possibly consolidate for a few weeks before another breakout upwards.
The RSI is indicating momentum is slightly overbought, but being in the overbought area dopant mean VET will drop as momentum can range sideways within this area.
The ADX DI SMA is indicting we have a strong uptrend with the ADX (Yellow Line) at 48.3 and still above its 10 Period SMA (White Line) which is at 33.2. The +DI (Green Line) is at 21.6 and still above its -DI (Red Line) which is at 4.2.
Volume is relatively low at the moment.
The Bollinger Bands is indicating volatility is slowing, because you can see that the Upper, Middle and Lower Bands are moving upwards together and the Lower Band is moving closer to the Middle Band. If Volatility was crazy, then the Lower Band would move away from the Upper and Middle Bands. The Price is also still above its Middle Band Basis.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is still upwards.
The VET Price is Still above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels.
A key thing to look out for is when VET crosses the Green Pitchfork Line and turns it into strong suport as that brings us closer to the Pitchfork Median Line on the daily chart.
All in all, VeChain is still looking really strong and it looks like VET will attempt what ADA did in Sept - Oct 2020 when ADA went from $0.07 to $0.1. So if you missed that previous ADA rise, then make sure don’t miss this VET one. VeChain is still the most undervalued crypto ever, with an actual real world client base that would make any corporate jealous with envy 💪.
I hope this is helpful. Good luck 👍.
The RSI is indicating momentum is slightly overbought, but being in the overbought area dopant mean VET will drop as momentum can range sideways within this area.
The ADX DI SMA is indicting we have a strong uptrend with the ADX (Yellow Line) at 48.3 and still above its 10 Period SMA (White Line) which is at 33.2. The +DI (Green Line) is at 21.6 and still above its -DI (Red Line) which is at 4.2.
Volume is relatively low at the moment.
The Bollinger Bands is indicating volatility is slowing, because you can see that the Upper, Middle and Lower Bands are moving upwards together and the Lower Band is moving closer to the Middle Band. If Volatility was crazy, then the Lower Band would move away from the Upper and Middle Bands. The Price is also still above its Middle Band Basis.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is still upwards.
The VET Price is Still above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels.
A key thing to look out for is when VET crosses the Green Pitchfork Line and turns it into strong suport as that brings us closer to the Pitchfork Median Line on the daily chart.
All in all, VeChain is still looking really strong and it looks like VET will attempt what ADA did in Sept - Oct 2020 when ADA went from $0.07 to $0.1. So if you missed that previous ADA rise, then make sure don’t miss this VET one. VeChain is still the most undervalued crypto ever, with an actual real world client base that would make any corporate jealous with envy 💪.
I hope this is helpful. Good luck 👍.
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