So, i thought, maybe it's nice to show you friends some Daily frame analyzes of Vechain by reading price zones!
This is not the whole Vechain chart but a big part of it!
Red Zone
Red indicates heavy bearish sell presure, you can see that by making lower lows and lower highs. The Sell presure is more intense than the buys presure.
Look at the big green candle at end of Juni! Big impact you should think, while, maybe in a bull market but not in a bear markt. You see the bears are not finist yet, the price slammed dow. No bullish buys join the party. Also the volume is not holding on to.
Blue zone
If the bears are realy tired and ending there sells, you need some time to switch momentum in the big frames. They do that as part of there marketmeganism.
But between Bearmarket en bullmarket you need consilidation. They want that you think this is worthless lets sell everything but no one see in the chart the momentum is slowly change. Smart basterds are the market makers! Believe me. Consolidation you can reconize by price is stuck in the same price range for long time! Funny think is, you can see in mid september a double price bottom what could indacte the bottom is in. Not always but many times. Specialiy by big frames. After long term you can see the volume is comming in! That indicates there is something going to change. This is the momentum to Green zone.
Green zone
Finally some volume is comming in! Some good green one's by daily frames! That's what we like to see! Momentum switch in big frames! We making highter highs and highter lows. That confirms we are in a bullish fase! Later we confirmd that by making a golden cross on daily frames! I am always bullish if we have a golden cross on the frame what we are looking 4 hour, 12 hour, daily etc.
Golden cross means the 50 EMA is crossing up to the 200 EMA.
This is only education and has nothing to do with Vechain. This chart is an example!
Next time i will do smaller frames to share some price analyzes on small frames.
Have a good day / night!
This is not the whole Vechain chart but a big part of it!
Red Zone
Red indicates heavy bearish sell presure, you can see that by making lower lows and lower highs. The Sell presure is more intense than the buys presure.
Look at the big green candle at end of Juni! Big impact you should think, while, maybe in a bull market but not in a bear markt. You see the bears are not finist yet, the price slammed dow. No bullish buys join the party. Also the volume is not holding on to.
Blue zone
If the bears are realy tired and ending there sells, you need some time to switch momentum in the big frames. They do that as part of there marketmeganism.
But between Bearmarket en bullmarket you need consilidation. They want that you think this is worthless lets sell everything but no one see in the chart the momentum is slowly change. Smart basterds are the market makers! Believe me. Consolidation you can reconize by price is stuck in the same price range for long time! Funny think is, you can see in mid september a double price bottom what could indacte the bottom is in. Not always but many times. Specialiy by big frames. After long term you can see the volume is comming in! That indicates there is something going to change. This is the momentum to Green zone.
Green zone
Finally some volume is comming in! Some good green one's by daily frames! That's what we like to see! Momentum switch in big frames! We making highter highs and highter lows. That confirms we are in a bullish fase! Later we confirmd that by making a golden cross on daily frames! I am always bullish if we have a golden cross on the frame what we are looking 4 hour, 12 hour, daily etc.
Golden cross means the 50 EMA is crossing up to the 200 EMA.
This is only education and has nothing to do with Vechain. This chart is an example!
Next time i will do smaller frames to share some price analyzes on small frames.
Have a good day / night!