VTHO updateVTHO is still within its Symmetrical Triangle on this 1d timeframe.
At the moment VTHO has found support from the Ascending Trend-line of the Symmetrical Triangle.
VTHO is below its Bollinger Bands Middle Band Basis 20 Period SMA, VTHO needs to get back above this level on this 1d timeframe.
At the moment VTHO is below its Least Squares Moving Average (LSMA) for this 1d timeframe. VTHO needs to close this daily candle above the LSMA because a close below the LSMA is is potential sell signal.
VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x 1d candles that i have selected.
VTHO is also below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
Note that the last 6x Volume Bars have closed above its Volume 20 Period Moving Average.
If we look ate the Average Directional Index (ADX DI) we can see that Positive Momentum has dropped with the +DI (Green Line) dropping to 26.25 and Negative Momentum has increased wth the -DI (Red Line) rising to 19.26. Note that the +DI (Green Line) is still above the -DI (Red Line) on this 1d timeframe. The ADX (Orange Line) has also dropped to 25.69 and note it is still under its 9 Period EMA (White Line) which is at 27.29 for this 1d timeframe.
If we look at the Moving Average Convergence Divergence (MACD) we can see that the MCAD Line (Blue Line) is still i the Negative Zone of the MACD indicator. If you are waiting to go long but are uncertain then be on the look out for when the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) which is a buy signal of varying degree depending on if the MACD Line (Blue Line) is in the Positive or Negative Zone.
If we take a look at the Stochastic Indicator (Stoch) we can see that VTHO is now in the Oversold Zone of this indicator. Be on the lookout for when the %K Line (Blue Line) crosses back above the %D Line (Orange Line) with also the %K Line (Blue Line) crossing back over the 20 Line out of the Oversold Zone.
First port of call is that VTHO needs to close this daily candle within its Symmetrical Triangle, then VTHO needs to get back above its LSMA and Bollinger Bands Middle Band Basis to get back on track.
I hope this is helpful with your trading and hodl-ing.
Notes:
LSMA = Yellow Squiggly Line on Chart
Bollinger Bands = Grey Bands on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal red Line on Chart
Volume MA = Orange Line going through Volume Bars on Chart
Symmetrical Triangle = Converging Ascending and Descending White Dashed Lines
