entertheroach

VTHO - daily chart update

BINANCE:VTHOUSDT   VTHO / TetherUS
VTHO is still in a massive Symmetrical Triangle on this 1d timeframe and is fast approaching the APEX.

VTHO has found some resistance from its 0.236 Trend-Based Fib Extension level. A close above this level and successful retest as support will be a very good sign,

VTHO is in a Bollinger Bands Squeeze on this 1d timeframe. A big move normally proceeds after a BB Squeeze.

At the moment of typing this, VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA.

VTHO is also above its 50EMA and 200EMA. Note that Bothe the 50EMA and 200EMA are moving sideways.

At the moment of typing this, VTHO is above its Least Squares Moving Average (LSMA) on this 1d timeframe. A daily candle close above the LSMA will be a very good sign as a close above the LSMA is a potential buy signal for this indicator.

Volume is still relatively low on this Binance Chart and note that the last Volume Bar was below its Volume 20 Period SMA.

VTHO is still above its Volume Profile Visible Range POC for this charts visible range.

The Average Directional Index (ADX DI) is showing that the trend strength is strong with the ADX (Orange Line) at 23.49, curving upwards and above its 9 Period EMA which is at 21.84. The -DI (Green Line) is still above the -DI (Red Line) but the +DI (Green Line) has dipped to 29.45 and the -DI (Red Line) is at 14.17. This is indicating that Positive Momentum has dropped quite a bit but Negative momentum has only risen slightly on this 1d timeframe.


The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. At the moment the OBV (Blue Line) is still above its 9 Period EMA (Orange Line). the OBV (Blue Line) needs to stay above the 9 Period EMA (Orange Line) if we are to see a move upwards after the Bollinger Bands Squeeze.


On this 1d timeframe, VTHO needs to close this daily candle above its Bollinger Bands Middle Band Basis 20 Period SMA as well as its LSMA, 50EMA and 200EMA levels. If the Bollinger Bands Squeeze ends with a big move upwards, i have added a Trend-Based Fib Extension to show some potential support and resistance that VTHO may encounter if the BB Squeeze ends with a big movement upwards.

I hope this is helpful with your trading and hodl-ng.





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