VTHO ANALYSIS UPDATED - What is next?Hello VeFam,
I am updating my analysis on VTHO.
My last analysis was to see a 1.5 cent VTHO. Now we have crushed that and reached 2.5 cent.
I am experimenting with a trend line indicator which makes the charts messy but I do like that it shows me when I cannot see the lines by myself but when you use this indicator and play with the options it has built in you can see all kinds of things that IMO really help...
ANYWAYS...
I am looking for a candle close above OR within the red rectangle range that coincides w/ fib levels 1.414 and 1.272. This also lines up the trend line in blue. Then I will expect a retest of those same levels that line up with the fibs/trendlines.
If we do not close above the ranges stated above and we drop I think we could see a drop to the black zone on the chart. I imagine we could see some ping pong accumulation before breaking new ATHs again but we will see.
It really is simply using non lagging indicators and technical analysis through supply/demand zones.
If VTHO continues w/ bullish moment and Vechain the company is able to keep securing partners that will burn VTHO daily I can really see this thing taking off in unimaginable ways.
W/ All of the said... we could always have a massive correction but I am aiming for a 4 cent VTHO! Good luck and HODL. I think this is a long term hold.
