VeChain – Ascending Triangle Breakout on the 4hr

VeChain has broken out upwards from its Ascending Triangle .

VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe.

Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe.

Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band.

VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA .

VeChain is above its Volume Point of Control (POC) for this 4hr timeframe.

VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row.

The Chaikin Money Flow ( CMF ) is indicating accumulation has risen slightly to 0.11.

The Average Directional Index ( ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its – DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards.

The future looks extremely bright for this future giant of the crypto industry.

Here is a closer Look at the CMF .

Here is a closer look at the ADX DI.

I hope this is helpful with your Trading and Hodl-ing.