VeChain 1hr Chart update:
VeChain is still well within the Bullish Zone of the Ichimoku cloud for this 1hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 1hr timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways for this 1hr timeframe.
VET is below its Ichimoku Cloud Conversion Line (Tenkan Sen) so VET eventually needs to close a 1hr candle above this level and turn it into strong support.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways & slightly upwards for this 1hr timeframe. I say widens because the Lagging Span (Chikou Span) is a fast price reaction indicator and sideways trading is done within a range and not at a constant level.
VeChain is fighting to stay above its 50% Fibonacci Retracement Level which is also where the Ichimoku Cloud Base Line (Kijun Sen) is located.
As you can see, VeChain has managed to close 5 1hr candles above its 50% Fibonacci Retracement Level.
VET is still above its 50EMA.
VET is below its Bollinger Bands Middle Band Basis which is a 20 period SMA. VeChain needs to eventually cross and close a 1hr candle above this level and turn it into strong support.
The Bollinger Bands are also showing that we may see a Bollinger Bands Squeeze for this 1hr timeframe indicating sideways momentum.
The Chaikin Money Flow (CMF) is indicating that there is still accumulation happening even in this 1hr timeframe even though it has slowed and dipped slightly.
Please look at my previous VeChain Longterm post, what happened was exactly what i said was going to happen, VeChain found strong resistance at its Pitchfork Median Line and has retraced slightly under it. VeChain needs to eventually close a daily candle above this daily Pitchfork Median Line and turn it into strong support.
So wow! What an incredible rise for VET. Well done if you actually listened to me weeks ago and managed to get in early. If you didn’t, don’t worry as its still not too late to grab some VET before it crosses the $1 mark. The future really is looking bright for this sleeping giant of the crypto world.
I hope this is helpful. Good luck 👍🔥🚀🌍🌔🪐🛸👽
VeChain is still well within the Bullish Zone of the Ichimoku cloud for this 1hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 1hr timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways for this 1hr timeframe.
VET is below its Ichimoku Cloud Conversion Line (Tenkan Sen) so VET eventually needs to close a 1hr candle above this level and turn it into strong support.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways & slightly upwards for this 1hr timeframe. I say widens because the Lagging Span (Chikou Span) is a fast price reaction indicator and sideways trading is done within a range and not at a constant level.
VeChain is fighting to stay above its 50% Fibonacci Retracement Level which is also where the Ichimoku Cloud Base Line (Kijun Sen) is located.
As you can see, VeChain has managed to close 5 1hr candles above its 50% Fibonacci Retracement Level.
VET is still above its 50EMA.
VET is below its Bollinger Bands Middle Band Basis which is a 20 period SMA. VeChain needs to eventually cross and close a 1hr candle above this level and turn it into strong support.
The Bollinger Bands are also showing that we may see a Bollinger Bands Squeeze for this 1hr timeframe indicating sideways momentum.
The Chaikin Money Flow (CMF) is indicating that there is still accumulation happening even in this 1hr timeframe even though it has slowed and dipped slightly.
Please look at my previous VeChain Longterm post, what happened was exactly what i said was going to happen, VeChain found strong resistance at its Pitchfork Median Line and has retraced slightly under it. VeChain needs to eventually close a daily candle above this daily Pitchfork Median Line and turn it into strong support.
So wow! What an incredible rise for VET. Well done if you actually listened to me weeks ago and managed to get in early. If you didn’t, don’t worry as its still not too late to grab some VET before it crosses the $1 mark. The future really is looking bright for this sleeping giant of the crypto world.
I hope this is helpful. Good luck 👍🔥🚀🌍🌔🪐🛸👽