Quick VTHO 1D update
Quick VTHO 1D chart update:
VTHO is still in the Equilibrium Zone of the Ichimoku Cloud for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short-term momentum is slightly upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards at the moment.
VTHO has found support from its Ichimoku Cloud Base Line (Kijun Sen) and has bounce off this level twice over the last 3 days.
VTHO has found some resistance from its Conversion Line (Tenkan Sen) level.
VTHO is still in its triangle pattern walking downwards, keep an eye on if the breakout is upwards or downwards. We may see VTHO head to its triangle pattern APEX before we see a breakout. A successful break ABOVE the descending resistance line and re-test as support is crucial.
Volume is still relatively low and VTHO is below its Volume 20 Period Moving Average. It’s a good thing that this period of downwards movement over the last couple of days has not been on huge volume.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VTHO is still below its Volume Profile Fixed Range point of Control, (VPFR POC) for the fixed range i have selected.
VTHO is still below its Least Squares Moving Average (LSMA) if you are waiting for LONG confirmation then a close above the LSMA and successful retest of it as support is crucial.
VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA at the moment. A daily close ABOVE this & successful re-test as support is crucial for renewed upwards momentum.
The Average Directional Index (ADX DI) is showing the trend strength has weakened with the ADX (Orange Line) at 44.63 crossing under its 9 Period EMA (Black Line) which is at 48.63. The +DI (Green Line) has dropped to 22.87 and the -Di (Red Line) is sideways at 16.81. This indicates that while we have seen a drop in Positive Momentum, Negative Momentum has not increased but is sideways at the moment.
The Relative Strength Index (RSI) is confirming that momentum is upwards at the moment. Note that the RSI (Purple Line) is still below its 9 Period EMA (Orange Line), a cross back above the 9 Period EMA will be a sign of renewed upwards momentum strength. Note that VTHO has room to move up on this 1D timeframe before it becomes overbought.
I hope this is helpful with your trading and hodl-ing.
VTHO is still in the Equilibrium Zone of the Ichimoku Cloud for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short-term momentum is slightly upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards at the moment.
VTHO has found support from its Ichimoku Cloud Base Line (Kijun Sen) and has bounce off this level twice over the last 3 days.
VTHO has found some resistance from its Conversion Line (Tenkan Sen) level.
VTHO is still in its triangle pattern walking downwards, keep an eye on if the breakout is upwards or downwards. We may see VTHO head to its triangle pattern APEX before we see a breakout. A successful break ABOVE the descending resistance line and re-test as support is crucial.
Volume is still relatively low and VTHO is below its Volume 20 Period Moving Average. It’s a good thing that this period of downwards movement over the last couple of days has not been on huge volume.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VTHO is still below its Volume Profile Fixed Range point of Control, (VPFR POC) for the fixed range i have selected.
VTHO is still below its Least Squares Moving Average (LSMA) if you are waiting for LONG confirmation then a close above the LSMA and successful retest of it as support is crucial.
VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA at the moment. A daily close ABOVE this & successful re-test as support is crucial for renewed upwards momentum.
The Average Directional Index (ADX DI) is showing the trend strength has weakened with the ADX (Orange Line) at 44.63 crossing under its 9 Period EMA (Black Line) which is at 48.63. The +DI (Green Line) has dropped to 22.87 and the -Di (Red Line) is sideways at 16.81. This indicates that while we have seen a drop in Positive Momentum, Negative Momentum has not increased but is sideways at the moment.
The Relative Strength Index (RSI) is confirming that momentum is upwards at the moment. Note that the RSI (Purple Line) is still below its 9 Period EMA (Orange Line), a cross back above the 9 Period EMA will be a sign of renewed upwards momentum strength. Note that VTHO has room to move up on this 1D timeframe before it becomes overbought.
I hope this is helpful with your trading and hodl-ing.
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