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VeChain - The giant will soon be awake!
VeChain Daily Chart Update:
VeChain is back above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
VeChain is back above its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
The Bollinger Bands Lower Band is still moving upwards towards the Middle Band indicating volatility has slowed.
VeChain is still safely above its 50EMA.
The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) at 0.13.
The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) has curve from downwards to sideways. For most traders, a buy signal is generated when the MACD Line crosses back over the Signal Line (Orange Line). Notice how todays histogram is smaller & less Red than the previous histogram indicating sellers are losing strength.
If VeChain closes above the Lower Yellow Pitchfork support line then we may see another attempt at crossing the Pitchfork Median line.
VeChain is looking poised for possible consolidation for a few days, then ready for another massive move upwards. Although as the nature of crypto is crazy, it could shoot up much sooner. VET should definitely be in your longterm crypto portfolio. With the upcoming release of VeChain’s update POA2.0, we can expect VET to start making more mainstream impact. There’s a reason why PwC chose VeChain as their blockchain of choice to pimp out to all their clients. Just google PwC and see how huge that company is and how many client they service, it’s HUGE.
My post are not really price predication post but more educational for you to understand what some of the indicators are and what they actually indicate. So i hope you i am succeeding with this and that you are all finding these post helpful 🙏.
I hope this is helpful with your Trading and Hodl-ing. 👍🔥🚀🌍🌔🪐🛸👽
VeChain is back above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
VeChain is back above its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
The Bollinger Bands Lower Band is still moving upwards towards the Middle Band indicating volatility has slowed.
VeChain is still safely above its 50EMA.
The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) at 0.13.
The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) has curve from downwards to sideways. For most traders, a buy signal is generated when the MACD Line crosses back over the Signal Line (Orange Line). Notice how todays histogram is smaller & less Red than the previous histogram indicating sellers are losing strength.
If VeChain closes above the Lower Yellow Pitchfork support line then we may see another attempt at crossing the Pitchfork Median line.
VeChain is looking poised for possible consolidation for a few days, then ready for another massive move upwards. Although as the nature of crypto is crazy, it could shoot up much sooner. VET should definitely be in your longterm crypto portfolio. With the upcoming release of VeChain’s update POA2.0, we can expect VET to start making more mainstream impact. There’s a reason why PwC chose VeChain as their blockchain of choice to pimp out to all their clients. Just google PwC and see how huge that company is and how many client they service, it’s HUGE.
My post are not really price predication post but more educational for you to understand what some of the indicators are and what they actually indicate. So i hope you i am succeeding with this and that you are all finding these post helpful 🙏.
I hope this is helpful with your Trading and Hodl-ing. 👍🔥🚀🌍🌔🪐🛸👽
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