VeChain - Potential Buy Signal on the Daily Chart MACD Incoming
VeChain quick daily chart update:
VeChain is still within its upwards Pitchfork Pattern (Points A,B,C).
VeChain is back above its Lower Yellow Pitchfork Support Line.
It looks like VeChain may soon attempt another crossing back above its Pitchfork Media Line.
For this timeframe, there is no fear of VeChain crossing underneath its Pitchfork Hagopian Line anytime in the foreseeable future.
VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
The Bollinger Bands Lower Band has moved up indicating volatility has been borough into equilibrium & it is now moving sideways with the Upper and Middle Bands.
VeChain is safely above its 50EMA (Yellow Line).
VeChain is back above its Least Square Moving Average (LSMA) (White Line). It is a potential buy signal when the candle crosses & closes above the LSMA line & a potential sell signal when a candle crosses & closes underneath the LSMA line.
Volume has also increased.
The Chaikin Money Flow (CMF) is indicating the CMF (Green Line) has moved back in the Accumulation Zone & is now at 0.05.
The Moving Average Convergence Divergence (MACD) is indicating that we may see a buy signal triggered because the MACD Line (Blue Line) is curving upwards and looks like it may cross back above the Signal Line (Red Line), which is a potential buy signal for some traders.
I’ve done this analysis on a zoomed out chart to show just how far VeChain has come sine March 2020 & how much more potential its has, especially if that MACD buy signal kick in. The future really is looking very bright for the VeChain.
I hope this is helpful with your trading and hodl-ing 👍
VeChain is still within its upwards Pitchfork Pattern (Points A,B,C).
VeChain is back above its Lower Yellow Pitchfork Support Line.
It looks like VeChain may soon attempt another crossing back above its Pitchfork Media Line.
For this timeframe, there is no fear of VeChain crossing underneath its Pitchfork Hagopian Line anytime in the foreseeable future.
VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
The Bollinger Bands Lower Band has moved up indicating volatility has been borough into equilibrium & it is now moving sideways with the Upper and Middle Bands.
VeChain is safely above its 50EMA (Yellow Line).
VeChain is back above its Least Square Moving Average (LSMA) (White Line). It is a potential buy signal when the candle crosses & closes above the LSMA line & a potential sell signal when a candle crosses & closes underneath the LSMA line.
Volume has also increased.
The Chaikin Money Flow (CMF) is indicating the CMF (Green Line) has moved back in the Accumulation Zone & is now at 0.05.
The Moving Average Convergence Divergence (MACD) is indicating that we may see a buy signal triggered because the MACD Line (Blue Line) is curving upwards and looks like it may cross back above the Signal Line (Red Line), which is a potential buy signal for some traders.
I’ve done this analysis on a zoomed out chart to show just how far VeChain has come sine March 2020 & how much more potential its has, especially if that MACD buy signal kick in. The future really is looking very bright for the VeChain.
I hope this is helpful with your trading and hodl-ing 👍
Comment:
A closer look at the MACD at the moment of typing this 👍
Comment:
We're really close to getting that Buy Signal on the MACD, which will happen when the MACD Line (Blue Line) cross back ABOVE its Signal Line (Red Line) on this VeChain Daily Chart. 👍