VeChain quick and dirty 4hr chart update
VeChain is still above its Pitchfork Median Line for this 4hr timeframe.
VeChain is still above its 50EMA (Yellow Line) for this 4hr timeframe.
VeChain has found some resistance from its Least Squares Moving Average (LSMA) (White Line). If you are waiting for positive confirmation for this indictor, a successful 4hr candle close ABOVE and RETEST off this indicator as support is a potential buy signal for traders who use this indicator.
VeChain had dipped in and out of its support zone and found strong support from its Bollinger Bands Middle Band Basis 20 Period SMA and is now back above its VPFR POC.
VeChain is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VeChain is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
VeChain has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is showing that the trend strength had dropped with the ADX (Yellow Line) at 28.47 and is below its 9 Period EMA (White Line) which is at 30.22. The +DI (Green Line) has dropped to 18.47 indicating positive momentum has dropped for this 4hr timeframe, the -DI (Red Line) has also dropped to 14.87 indicating negative momentum has also dropped for this 4hr timeframe. There will be more downwards momentum if the +DI (Green line) crosses back under the -DI (Red Line) so its best to keep an eye on this.
The Relative Strength Index (RSI) is indicating that momentum is upwards at the moment but note that the RSI (Purple Line) is under its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) crosses back above the 9 Period EMA (Yellow Line) for this 4hr timeframe.
Here is a closer look at this 4hr chart with the LSMA, VPFR levels and the Support Zone I've selected:
After last nights dip, VeChain still made a higher low so we will have to see is VeChain can continue to make higher highs and higher lows and as always wee need to keep an eye on what uncle BTC is doing.
I hope this is helpful with your trading and hold-ing.
VeChain is still above its 50EMA (Yellow Line) for this 4hr timeframe.
VeChain has found some resistance from its Least Squares Moving Average (LSMA) (White Line). If you are waiting for positive confirmation for this indictor, a successful 4hr candle close ABOVE and RETEST off this indicator as support is a potential buy signal for traders who use this indicator.
VeChain had dipped in and out of its support zone and found strong support from its Bollinger Bands Middle Band Basis 20 Period SMA and is now back above its VPFR POC.
VeChain is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VeChain is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
VeChain has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is showing that the trend strength had dropped with the ADX (Yellow Line) at 28.47 and is below its 9 Period EMA (White Line) which is at 30.22. The +DI (Green Line) has dropped to 18.47 indicating positive momentum has dropped for this 4hr timeframe, the -DI (Red Line) has also dropped to 14.87 indicating negative momentum has also dropped for this 4hr timeframe. There will be more downwards momentum if the +DI (Green line) crosses back under the -DI (Red Line) so its best to keep an eye on this.
The Relative Strength Index (RSI) is indicating that momentum is upwards at the moment but note that the RSI (Purple Line) is under its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) crosses back above the 9 Period EMA (Yellow Line) for this 4hr timeframe.
Here is a closer look at this 4hr chart with the LSMA, VPFR levels and the Support Zone I've selected:
After last nights dip, VeChain still made a higher low so we will have to see is VeChain can continue to make higher highs and higher lows and as always wee need to keep an eye on what uncle BTC is doing.
I hope this is helpful with your trading and hold-ing.
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