VET/USD very quick update.
Here is a closer look at this VET/USD 1 day chart:
VeChain is in a new smaller Descending Channel which is in a massive Descending Channel. VeChain is also in a massive Symmetrical Triangle.
At the moment of typing this, VeChain is still in the Bullish Zone above its Ichimoku Cloud.
At the moment of typing this, VeChain is still above its 200MA. Note that the 50MA is still traveling upwards so we may eventually see the 50MA cross above the 200MA on this 1 day chart.
Not that overall traded volume is still very low compared to what we were getting from 2018 to 2021.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 36.08 and under its 9 Period EMA (Black Line) which is at 39.52. Positive Momentum has dropped with the +DI (Green Line) dropping to 19.73. Negative momentum has also dropped a little with the -DI (Red Line) slightly dropping to 15.87 on this 1 day chart.
I hope this very quick update is helpful.
Here is a closer look at this VET/USD 1 day chart:
VeChain is in a new smaller Descending Channel which is in a massive Descending Channel. VeChain is also in a massive Symmetrical Triangle.
At the moment of typing this, VeChain is still in the Bullish Zone above its Ichimoku Cloud.
At the moment of typing this, VeChain is still above its 200MA. Note that the 50MA is still traveling upwards so we may eventually see the 50MA cross above the 200MA on this 1 day chart.
Not that overall traded volume is still very low compared to what we were getting from 2018 to 2021.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 36.08 and under its 9 Period EMA (Black Line) which is at 39.52. Positive Momentum has dropped with the +DI (Green Line) dropping to 19.73. Negative momentum has also dropped a little with the -DI (Red Line) slightly dropping to 15.87 on this 1 day chart.
I hope this very quick update is helpful.
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