VTHO had broke out of its ‘adjusted’ Symmetrical Triangle today but at the moment it has retraced back under it, a daily close ABOVE the Descending Trend-line of this Symmetrical Triangle and a successful retest as support will be a very good sign of things to come.
I have added a Trend-Based Fib Extension as some potential targets. If you are long but uncertain, it might be best to wait for a successful daily candle close ABOVE the 0.382 TB Fib level
The ( DI) is indicating Positive Momentum has increased and Negative Momentum has dropped with the (Green Line) at 36.5 above its (Red Line) which has dropped to 16.35. Note that the (Yellow Line) is pointing upwards at 26.02. We can expect an even bigger move up if the (Orange Line) crosses back above its 9 Period (White Line) which is at 29.17 so long as the (Green Line) is still ABOVE the (Red Line) on this 1d timeframe.
The Moving Average Convergence Divergence ( ) is indicating momentum is upwards at the moment. Note that the Line (Blue Line) is pointing upwards & looking very likely to cross back over the Signal Line (Orange Line) creating new Green Bars very soon. VTHO will potentially receive a massive boost up if the Line (Blue Line) crosses back ABOVE the Signal Line (Orange Line) and then back over and ABOVE the 0.0 Base Line which will take it into the Positive Zone.
After such a big move up today we can expect some pull back so a close above the Symmetrical Triangle and the 0.382 Trend-Based Fib Extension level may not happen today but tomorrow.
I hope this is helpful with your Trading and Hodl-ing.
= Yellow Squiggly Line on Chart
= Grey Bands on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal red Line on Chart
MA = Orange Line going through Bars on Chart
Symmetrical Triangle = Converging Ascending and Descending White Dashed Lines