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Exponentialmovingaverages

ADA - Quick UpdateQuick ADA Update: ADA had found a bit of Resistance at its 78.6% Fibonacci Retracement Level but at the moment of typing this, is now above it 👍. ADA needs to close this daily candle above its 78.6% Fibonacci Retracement Level. ADA is safely above its 50EMA ADA is safely above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. ADA is above its Pitchfork Median Line from points A,B,C. The ADX DI SMA is indicating Momentum is positive with the +DI (Green Line) at 19.2 and back above its -DI (Red Line) which is at 16.8 indicating positive momentum. The ADX (Yellow Line) at 13.7 but still below its 10 Period SMA (White Line) which is at 20.1. The SMA is moving downwards so we could see the ADX cross back over & above the SMA. The RSI is indicating a sharp upwards momentum with the RSI also back above its 9 Period EMA. Volume is also increasing. ADA looks like it could be ready to attack it’s previous all time high. It should be a very interesting evening 👍 I hope this is helpful with your Trading & Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:ADAUSDLong
by entertheroach
6
VeChain updateVeChain (VET) Update: VeChain is safely above its 50EMA. VeChain is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Lower Band has moved up closer to the Middle Band indicating volatility has slowed and we may see some sideways ranging. VET is still well within in the Bullish Zone of the Ichimoku Cloud. VET is above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways at the moment. VET has found some support from its Lower Yellow Pitchfork Support line. The Chaikin Money Flow (CMF) is indicating accumulation has dropped but the CMF (Green Line) is still in the Accumulation Zone at 0.07. The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) is still under its Signal Line (Red Line) and moving sideways. For most traders, a buy signal is generated when the MACD Line crosses back above the Signal Line. Volume is still relatively low at the moment compared to previous trading days. So it looks like we may see a few days of consolidation before VET makes another attempt at creating a new ATH above its Upper Yellow Pitchfork Resistance Line which could take VET over $0.4. I wouldn’t be surprised if VET is over $1 by July latest. Seriously, i’ve been accumulating VET since $0.009 and I’ve never looked back. I tried to convince some friends about the potential of VeChain and how its different from other blockchain projects especially because of the huge PwC partnership it has. Now that VET is at $0.2 everyone is now jumping on board, All i can say is, get as much as you can before VET gets over that crucial $1 mark. 2020 has been slow for VET because of Covid-19, now that businesses & supply chains are getting back to normal, VeChain will soon awaken & start chipping away at the top 10. I hope this is helpful with your trading or hodl-ing. 👍
BINANCE:VETUSDLong
by entertheroach
6
BTC - In a Falling Wedge PatternBTC - Quick daily chart update: BTC is below its Ichimoku Cloud Conversion Line (Tenkan Sen). BTC needs to close a daily candle back above this level. BTC is below its Ichimoku Cloud Base Line (Kijun Sen). BTC needs to close a daily candle back above this level. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards and the indicator is below the price from 30 periods ago. BTC is below its 50EMA. BTC needs to close a daily candle back above this level. At the moment of typing this, BTC is below its 38.2% Fibonacci Retracement Level. BTC needs to close a daily candle back above this level. BTC is however, still in the Bullish Zone of the Ichimoku Cloud. A key level of support on the daily chart that BTC needs to stay above is the Ichimoku Cloud Leading Span A (Senkou Span A) level. The Chaikin Money Flow (CMF) is indicating accumulation has dropped but the CMF (Green Line) is still in the Accumulation Zone at 0.09. The Moving Average Convergence Divergence (MACD) is still negative with the MACD Line (Blue Line) still below its MACD Base Line at 0.0. We need the MACD Line to cross back above the Signal Line (Red Line). BTC is in a potential Falling Wedge Pattern on the daily chart, a Falling Wedge Pattern is a continuation pattern, in this senses, a bullish continuation pattern, so BTC may see more of a drop before continuing upwards. I hope this is helpful with your Trading and Hodl-ing 🙏. Also, anyone else find it funny that BTC decided to take a massive dump the moment ADA started its Africa Conference?? Coincidence??? I think not.
BITSTAMP:BTCUSD
by entertheroach
10
BTC - And the power of doing your own researchBTC Daily Chart update on a neater chart than the last BTC chart i did. First and foremost, we need to wait and see where this daily candle closes. BTC is back above its Leading Span A (Senkou Span A) resistance and is now in the Bullish Zone of the Ichimoku Cloud. BTC needs to close THIS daily candle in this zone. BTC is back above its Ichimoku Cloud Base Line (Kijun Sen) The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sharply upwards at the moment. BTC needs to eventually close a daily candle back above its 50EMA and the Ichimoku Cloud Conversion Line (Tenkan Sen). The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) now at 0.09. The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has started to curve upwards and may soon cross over the Signal line (Orange Line). We need the MACD to cross back over the Base Line at 0.0. Notice how todays histogram bar has gone lighter indicating sellers have lost some strenght. I have added a Trend Based Fib Extension so you can see what potential profit targets & possible resistance there might be on the way up. Obviously we need to wait for the daily candle close. If you have absolutely no idea what I’ve typed above, then i would seriously recommend spending a bit of time to do some TA research. It’s why my chart post are not price prediction post, but more educational post about what the indicators are actually indicating and what the price has above and below it. Hopefully I’m succeeding with this strategy and people are learning something new 😅🙏. You have to be careful, as there are so many people who may try and influence you. Case in point, if you were on the TradingView Chat during the crazy dip, and didn’t know what you were doing, then you might have been persuaded to sell everything at a massive loss because most of the people on that chat were jokers and screaming “this is the end” “$0 here we come” and “how does my p*nis work”. Many people were just looking at trend lines which pointed down but not that many were looking at the Ichimoku Cloud which tells you if it is an actual Bull, Bear or Undecided Market, and many weren't even looking at the RSI which dropped into the oversold zone on the daily. Ultimately, its your money and you should be the one deciding what to do with it, not some joker on the TradingView Chat. Please keep in mind what i have posted before, this is 2021 mainstream with big institutional investors, GreyScale, Musk, Bitcoin ETFs & actual use cases, not 2017/18 retail investor speculation. So remember, if you do your own research, even just a bit, it may save you from getting shaken out. I hope this is helpful. Good luck wit your Trading & Hodl-ing 👍🔥🔥🌍🌔🪐🛸👽
BITSTAMP:BTCUSDLong
by entertheroach
11
VeChain - The giant will soon be awake!VeChain Daily Chart Update: VeChain is back above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways. VeChain is back above its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards. VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Lower Band is still moving upwards towards the Middle Band indicating volatility has slowed. VeChain is still safely above its 50EMA. The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) at 0.13. The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) has curve from downwards to sideways. For most traders, a buy signal is generated when the MACD Line crosses back over the Signal Line (Orange Line). Notice how todays histogram is smaller & less Red than the previous histogram indicating sellers are losing strength. If VeChain closes above the Lower Yellow Pitchfork support line then we may see another attempt at crossing the Pitchfork Median line. VeChain is looking poised for possible consolidation for a few days, then ready for another massive move upwards. Although as the nature of crypto is crazy, it could shoot up much sooner. VET should definitely be in your longterm crypto portfolio. With the upcoming release of VeChain’s update POA2.0, we can expect VET to start making more mainstream impact. There’s a reason why PwC chose VeChain as their blockchain of choice to pimp out to all their clients. Just google PwC and see how huge that company is and how many client they service, it’s HUGE. My post are not really price predication post but more educational for you to understand what some of the indicators are and what they actually indicate. So i hope you i am succeeding with this and that you are all finding these post helpful 🙏. I hope this is helpful with your Trading and Hodl-ing. 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by entertheroach
3
ADA - The Future Looks BrightADA - quick daily chart update: ADA is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. ADA is back above its 50EMA. ADA is back above its 50% Fibonacci Retracement level. I haven’t added these onto this chart but FYI, ADA is above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards. ADA has found some resistance from its 61.8% Fibonacci Retracement Level. ADA needs to close a daily candle above this level. The Chaikin Money Flow (CMF) is indicating Accumulation has increased with the CMF (Green Line) at 0.14. The Moving Average Conversion Divergence (MACD) is indicating that the MACD Line (Blue Line) might soon cross back over its basis at 0.0, when this happens, it indicates that a 12 period EMA on the price chart has crossed back over a 26 Period EMA on the Price chart, which is a good thing. We may also get a buy signal with the MACD Line crossing back over the Signal Line (Orange Line). Notice how the last 2 Red Histograms have got smaller and less red. Crossing back over the 0.0 Basis will start a new green histogram. To put things in perspective, very soon, over 5 Million students in Ethiopia will start using the Cardano Blockchain, The most popular dApp on Ethereum according to dap-radar.com has about 617,000 users. Many people have called Cardano a scam, when all the hate and bullsh*t fades away, people will eventually start to realise just how big this Ethiopia Educational deal, as well as the other various other Africa Deals that Cardano has in the pipeline including the Ask Doctor App, are absolutely huge! Cardano is now the most LEGIT blockchain out there, with actual use cases on a Government & GLOBAL SCALE. The longterm future of Cardano ADA is very bright indeed……. And my beloved VeChain VET of course 😜👍 I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:ADAUSDLong
by entertheroach
2
Tezos - Looking Very Strong TodayTezos XTZ quick update: XTZ is still well within the Bullish Zone of the Ichimoku Cloud. XTZ is above its 50EMA on the daily chart. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating HUGE upwards momentum at the moment. At the moment XTZ has found resistance from its Ichimoku Cloud Base Line (Kijun Sen) The Chaikin Money Flow (CMF) is indicating XTZ is about to head into the accumulation zone. The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has curved sideways since yesterday. We need the MACD Line to cross back over the Base Line at 0.0 and back above the Signal Line (Orange Line). Notice that the Red histogram has become lighter indicating increased buying strength. If XTZ closes this daily candle above its Ichimoku Cloud Base Line (Kijun Sen), then its Ichimoku Cloud Conversion Line (Tenkan Sen) and also back above the Gann Fan 1/1 Resistance Level and eventually turn all of those levels into strong support, then we could be looking at another attempt by XTZ to get back over the Pitchfork Median Line. I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:XTZUSDLong
by entertheroach
2
BTC - Crucial days aheadAt the moment of typing this: BTC is in the Equilibrium Zone of the Ichimoku Cloud. BTC is below its 50EMA on the daily chart. BTC has found support from its 100EMA. BTC is below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. BTC is below its Ichimoku Cloud Base Line (kijun Sen). BTC is fighting to get back above the Ichimoku Cloud Leading Span A (Senkou Span A) cloud resistance level. BTC needs to close a daily candle back above this level and turn it into strong support. The Lagging Span (Chikou Span) is under the price from 30 periods ago but at the moment is indicating momentum is sideways but be aware that it is a fast reaction indicator. The Chaikin Money Flow (CMF) is indicating BTC is now back in the accumulation zone at 0.03. The Moving Average Convergence Divergence (MACD) is indicating momentum is downwards but selling pressure has lost some strength because you can see the red Histogram is becoming lighter. We need the histogram to start to get smaller and eventually start back above the Base Line at 0.0 creating a green histogram. The Signal Line (Orange Line) is still above its MACD Line (Blue Line). The MACD Line had dropped under the MACD Base Line at 0.0 which means that a 12 Period EMA has dropped under a 26 Period EMA on the price chart. The MACD is crucial to keep an eye on for an eventual curve up off the MACD Line and a potential MACD Line crossing back over the Signal Line. The Weekly MACD is also a crucial indicator to keep an eye on because we do not want the MACD Line to cross over the Base Line at 0.0 on the weekly. To freak you out, I have added a Fibonacci Spiral to this chart, if the daily candle on the 23rd April’s was the bottom then the next Fibonacci Spiral resistance is at around $71K but that is if the price can make it back over Leading Span A (Senkou Span A) resistance & the Schiff Pitchfork Median line. You can see that part of the Fibonacci Spiral support coincides with the 100EMA. The Trend is your friend until the bend at the end. But……. there are other factors you need to take into consideration. Don’t forget that the Ichimoku Cloud is also your friend & can confirm to you if it’s a Bull, Bear or just an undecided market. Is there a chance BTC could go down more, yeah sure because crypto is crazy volatile and Biden could announce he wants to now up capital gains to 95% which most Americans don’t seem to realise is a proposal & that Biden actually needs the senate to vote YES on it first……. I’m not American, but even i know this, so why the panic sell? The fact that BTC has not yet dropped to its Leading Span B (Senkou Span B) cloud support is a very good sign. If however, BTC does drop further into the cloud, then it could drop to about $39,600 if the 150EMA fails at about $43K. This will be a crucial week to see if BTC can close a daily candle back in the Bullish Zone of the Ichimoku Cloud. I hope this is helpful and useful to you. Good luck with your Trading or Hodl-ing 🔥🚀🌍🌔🪐🛸👽
BITSTAMP:BTCUSD
by entertheroach
6
VeChain UpdateVeChain daily chart update: VeChain has done better than most during this crypto drop. VET is still above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways. VET is still below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards. VET is still above its 50EMA. VET is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Ideally we want to close this daily candle above this level. The Bollinger Bands Lower Band has moved upwards closer to the Middle Band indicating volatility has slowed. The Chaikin Money Flow (CMF) is indicating VET is still being accumulated with the CMF Line (Green Line) at 0.13. The MACD Line (Blue Line) had crossed under its Signal Line (Orange Line) on the 23rd April, but it is still well above its MACD base line at 0.0. We need the MACD line to curve back above its Signal Line. At the moment VeChain has found resistance from its Lower Yellow Pitchfork Resistance Line & its Ichimoku Cloud Conversion Line (Tenkan Sen). VET needs to cross over these levels and turn them it into strong support. You all know how i feel about VeChain, and how i feel it will soon decimate some of the cryptos in the top 10 on CoinMarketCap, so think longterm & grab a bag while it’s still under $1. Also, well done if you managed to pick up a back during that dip to $0.13 👍 Soon, the age of VeChain will be upon us 💪 I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by entertheroach
8
ADA - update with the Ichimoku CloudADA update with the Ichimoku Cloud: Like all cryptos, ADA was affected by the massive BTC liquidation this morning. Damn those greedy leveraged traders. ADA is back above its 50EMA. Ideally ADA needs to close this daily candle above this level which it looks like ADA will do. ADA is still in the Bullish Zone of the Ichimoku Cloud. During the dip, ADA dipped right down to the Ichimoku Cloud Leading Span A (Senkou Span A) support level and rebounded strongly upwards. ADA has found support from its Ichimoku Cloud Base Line (Kijun Sen). ADA needs to eventually close a daily candle above this level and turn it into strong support. ADA is below its Ichimoku Cloud Conversion Line (Tenkan Sen) so we need to eventually close a daily candle above this level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is still relatively sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways with the Lagging Span Tip in the Price from 30 Periods ago. If we look at the Chaikin Money Flow (CMF), we can see that ADA is still in the accumulation zone ranging sideways. The ADX DI SMA is indicating negative momentum has taken over with the -DI (Red Line) at 20.2 above its +DI (Green Line) which is at 17.3. The ADX (Yellow Line) is at 42.1 and still above its 10 Period SMA (White Line) which is at 37. Longterm, ADA needs to close a daily candle above its Pitchfork Median Line and turn that level into strong support. For many of you, this is might be your first big liquidation experience. Liquidations happen, and they happen fast, especially when greedy traders are using so much leverage that the moment the price dips below their margin, they cannot cover it & they get completely liquidated. FYI, according to bybt, over 1 million traders got liquidated with this dip. As i said in my previous BTC post, it is not the end of days and remember that BTC, ADA and many other cryptos are still in a LONGTERM UPTREND & ADA would need to drop so much more that it did today on the 1 day, 2 day, 3 day ect ect for the longterm uptrend to be reversed. Buy the dips, but if in doubt, wait to see where & how this daily closes, because its where the candle closes that’s important for the longterm not where the candle wicks to. I hope this is helpful with your trading and hodl-ing. Good luck 👍
BINANCE:ADAUSDLong
by entertheroach
3
VeChain - The Awakening of a GiantVeChain Update: VeChain has performed absolutely brilliantly, especially during the crypto liquidation the other day. At the moment of typing this, VET is fighting to stay above its Pitchfork Median Line. Ideally we want this daily candle to close above this level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways. Notice how the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) levels are also moving sideways indictating sideways momentum. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards, but be aware that it is a fast reaction indicator. VET is still well above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Notice how the Bollinger Bands Lower Band is starting to curve upwards indicating volatility is slowing. VET is well above its 50EMA so there is no fear of dropping below that level anytime soon. If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is well within the Accumulation Zone at 0.15 and that strong accumulation has been happening over the last couple of days. The ADX DI SMA is indicating VET is still in an uptrend for this timeframe with the ADX (Yellow Line) at 78.8 still above its 10 Period SMA (White Line) which is at 74.6. The +DI (Green Line) has dipped to 29.8 but it its still well above its -DI (Red Line) which is at 8.8. This is all telling me that VeChain is still very, very strong. If VET closes this daily candle below the Pitchfork Median Line, then we may see some continued sideways momentum for a few days bringing up the Bollinger Bands Lower Band ready for another massive move upwards. Saying that however, if VET closes this daily candle above the Pitchfork Median Line, then VET may shoot up again much sooner. VeChain is a crypto sleeping giant that as of recently, seems to been getting noticed much more and is gaining a lot more mainstream attention. All i can say is, VET should 100% be in your longterm portfolio, so grab a bag before VET gets to $1 and beyond 🚀. Also ask yourself…… are you seriously gonna miss this potential opportunity? I hope this is helpful with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by entertheroach
16
BTC - Liquidation Across the NationAs many of you know, massive liquidations happened this morning for leveraged traders, according to bybt over 1,000,000 traders got liquidated. BTC was in an ascending wedge pattern which i completely missed, an ascending wedge pattern is a bearish pattern. Today is a crucial day to see where BTC closes this daily candle. BTC is still in the Bullish Zone of the Ichimoku Cloud. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is down and notice the indicator under the price from 30 periods ago. At the moment of typing this, BTC is below its 50EMA. BTC needs to eventually close a daily candle above this level. BTC is below its Ichimoku Cloud Conversion Line (Tenkan Sen). BTC needs to eventually close a daily candle above this level. BTC is below its Bollinger Bands Middle Band Basis which is a 20 Period SMA. At the moment, BTC has found support from its Ichimoku Cloud Base Line (Kijun Sen). Ideally we need BTC to close this daily candle above this level. At the moment BTC is fighting to stay above the Accumulation/Distribution Line of the Chaikin Money Flow (CMF). The ADX DI SMA is indicating negative momentum has taken over with the -DI (Red Line) at 29.20 above its +DI (Green Line) which is at 18.1. The ADX (Yellow Line) is at 23.89 above its 10 Period SMA (White Line) which is at 21.13. Ideally we need BTC to Close above its Base Line (Kijun Sen) and eventually the 50EMA. So is this the end as some people on this platform are saying……. No it’s not the end. BTC is still in a longterm uptrend. For a longterm Bearish Trend to take over, BTC would need to Cross under its Leading Span A (Senkou Span A) support level, the Equilibrium Zone, the Leading Span B (Senkou Span B) support level and then cross & close a daily candle into the Bearish Zone on the 1 day, 2 day, 4 day ec ect timeframes for such sentiment to be true. I wouldn’t be surprised if we see a headline next week that MicroStrategy or some other big player has accumulated more BTC during this dip. If in doubt, wait to see where this daily candle closes, because remember, if you’re longterm, its where the candle closes that’s really important ,not where it wicks to. I hope this is helpful & stay away from leverage unless you know what your doing 👍
Editors' picks
BITSTAMP:BTCUSD
by entertheroach
78
VeChain - 1hr chart buy the dipsVeChain 1hr Chart update: VeChain is still well within the Bullish Zone of the Ichimoku cloud for this 1hr timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 1hr timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways for this 1hr timeframe. VET is below its Ichimoku Cloud Conversion Line (Tenkan Sen) so VET eventually needs to close a 1hr candle above this level and turn it into strong support. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways & slightly upwards for this 1hr timeframe. I say widens because the Lagging Span (Chikou Span) is a fast price reaction indicator and sideways trading is done within a range and not at a constant level. VeChain is fighting to stay above its 50% Fibonacci Retracement Level which is also where the Ichimoku Cloud Base Line (Kijun Sen) is located. As you can see, VeChain has managed to close 5 1hr candles above its 50% Fibonacci Retracement Level. VET is still above its 50EMA. VET is below its Bollinger Bands Middle Band Basis which is a 20 period SMA. VeChain needs to eventually cross and close a 1hr candle above this level and turn it into strong support. The Bollinger Bands are also showing that we may see a Bollinger Bands Squeeze for this 1hr timeframe indicating sideways momentum. The Chaikin Money Flow (CMF) is indicating that there is still accumulation happening even in this 1hr timeframe even though it has slowed and dipped slightly. Please look at my previous VeChain Longterm post, what happened was exactly what i said was going to happen, VeChain found strong resistance at its Pitchfork Median Line and has retraced slightly under it. VeChain needs to eventually close a daily candle above this daily Pitchfork Median Line and turn it into strong support. So wow! What an incredible rise for VET. Well done if you actually listened to me weeks ago and managed to get in early. If you didn’t, don’t worry as its still not too late to grab some VET before it crosses the $1 mark. The future really is looking bright for this sleeping giant of the crypto world. I hope this is helpful. Good luck 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by entertheroach
8
VeChain SHOULD be in your Longterm PortfolioVeChain Update: If we look at this VeChain (VET) Daily Chart, we chan see just how strong VeChain is. VET still has its Ichimoku Cloud (Kumo) Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) levels below it as potential support. VET still has 7 Pitchfork Support Levels and its Pitchfork Hagopian Line level below it as potential support. It is safe to assume that there is no fear of VET ever crossing & closing a daily candle below this Pitchfork Hagopian Line anytime in the near future. During the dip yesterday, VET found strong support from its Ichimoku Cloud Conversion Line (Tenkan Sen) which was also the level where the 9EMA was at yesterday. At the moment, VET is testing the resistance of its 0.618 Trend-Based Fib Extension Level. The Ichimoku Cloud (Kumo) Lagging Span (Chikou Span) is indicating strong very upwards momentum. VeChain is looking really fantastic, at the moment VET is the Crypto that just keeps on giving. VeChain has also just announced a new partnership with Salesforce…… which is huge. VeChain has a client base that would make any corporate jealous with envy. VeChain is at a real world usage level that other cryptos like XRP, XLM, BTC, ETH and even ADA are trying & striving to get too. VeChain is already mainstream with real world usage, but it seems to have gone completely under the radar of most. You all know how i fee about VeChain from my previous post, so all i can say is, if you haven’t already, grab a bag while it’s still at $0.1. 🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by entertheroach
7
ADA - My Longterm OutlookThink Longterm: First and foremost, ADA is still in a longterm uptrend. From the 12th March 2020 to 27th July 2020, ADA did a 911% rise from $0.017 to $0.172. From the 24th September 2020 to 27th February 2021, ADA did a 1940% rise from $0.075 to $1.54. Obviously this is ignoring consolidation periods & dips in those moves so i'm just taking the full bottom and tops. If we say that this Daily Candle is roughly the lowest ADA will go, if ADA does roughly another 1000% move up, that would take ADA to $12.6. ADA is still ABOVE its 50EMA on the Daily Chart, ADA is NOT going to move downwards unless its crosses below & closes a Daily Candle below its 50EMA & also fails to make it back ABOVE said 50EMA, i think it's safe to assume that ADA is NOT going to drop under & close a Daily Candle below its 50EMA anytime soon. Look at the history of ADA on this Daily Chart, you can clearly see what has happened when ADA has dropped & stayed UNDER its 50EMA…… and what has happened when ADA has been ABOVE & STAYED ABOVE its 50EMA……. interesting wouldn’t you say? 🤔👍 ADA has been consolidating above its 50EMA in a Bollinger Bands Squeeze for over a month and 1/2 now from the 27th February to tonight, which is 6th April GMT. Even if ADA continues to consolidate for a few more Days, Weeks or even Months……. The wait could certainly be worth it. I hope you have found this helpful. Good luck 👍
BINANCE:ADAUSDLong
by entertheroach
4
VeChain - Looking Very StrongVeChain - Daily Chart Update: The Stochastic RSI is indicating that the %K (Blue Line) has popped back up from the oversold zone with the %D (Orange Line) still slightly in the oversold zone. The Stochastic RSI is indicating VET has plenty of room to move up before becoming overbought on this indicator. Note that the %K (Blue Line) is above the %D (Orange Line). The ADX DI SMA is indicting the trend strength is very strong with the ADX (Yellow Line) at 62.7 but slightly below its 10 Period SMA (White Line) which is at 64.1. We’ll see renewed upwards strength once the ADX crosses back over the 10 Period SMA. The +DI (Green Line) is at 21.02 still above its -DI (Red Line) which is at 5.2. VET is still above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Conversion Line (Tenkan Sen) is indicating that the short-term momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chokou Span) is indicating momentum is sideways with a slope upwards. VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. VET has found support from its 0.618 Lower Dark Green Pitchfork Support Line. As you know VeChain is a two coin system with VET (Smart Money) and VTHO (Energy). VeChain has about 2 1/2 days left on the vote for reducing the Gas Fees with VTHO. At the moment it looks like they will reduce the base gas price by 1% of the current gas price. Reducing the gas fees is a good thing as it will increase purchasing power & encourage clients to use VET & VTHO. People are screaming “lowering the gas will make VTHO drop” This is wrong, lowering the VTHO Gas Fees will not effect the market price of VTHO. VTHO has dropped but not because of the vote, it’s dropped because of traders panic selling because they don’t realise that lowering the gas fees will encourage more clients and partnerships for VeChain thereby increasing utility. VeChain already has a real world, very strong client base that every other Crypto is now striving to achieve. I am still very bullish on VeChain and as i keep blabbering on about, i still believe VET is the most criminally undervalued crypto ever! Looking at some of the absolute crap crypto coins in the top 10, i have now doubt that both VET & VTHO will be in the top 10 in the very near future. I hope this is helpful. 👍
BINANCE:VETUSDLong
by entertheroach
4