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VeChain - Daily Chart Ichimoku

VeChain - This time a Ichimoku Cloud (Kumo) Daily Chart Update:


If we look at this daily chart for Vechain, we can see just how good and strong it looks.

VET is well above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels.

The Lagging Span (Chikou Span) is indicating momentum is sideways with a slight slope downwards.

The Conversion Line (Tenkan Sen) which is the faster line is showing short-term momentum is sideways.

The Base Line (Kijun Sen) which is the slower line is angled slightly upwards confirming this sideways momentum.

VET has found strong support from its 23.6% Fibonacci Retracement level and has closed above it 4 days in a row and looks like it's about to make it 5 days in a row 👍.

VET is still well within the Bullish Zone of the Ichimoku Cloud Indicator.

VET is quite a distance away from crossing back over the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support lines, so for the foreseeable future, i cannot see VET dropping into the Equilibrium Zone let alone the Bearish Zone for this time frame unless there is a complete crypto market crash which i cannot see happening especially because this 2021 Crypto Market is completely different to the Crypto Market of 2017/18 where it was only speculation that was making cryptos rocket. Now we have DeFi, Smart Contracts and big institutional Investors interested & investing in Crypto.

VeChain is still looking absolutely fantastic especially on this daily chart. I keep saying this but it’s true, VeChain is a crypto with a client base that would make any corporate jealous with envy, it seems to have completely gone under the radar of most and i still feel it is the most criminally undervalued crypto ever, the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer! Its a good thing it hasn't broken out just yet, as its pay day in about 30mins and i want to acquire more before VET closes over the $0.1 mark 😜.

I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐


FibonacciFibonacci RetracementichimokukinkohyoSupport and Resistancevechainvetusd

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