The blue candle on the rainbow chart (elder impulse system), along with a still recovering MACD cycle, is highly suggestive of much higher VIX in the coming 3-5 days.
VIX'60min
VIX, daily, rainbow
VIX, weekly
Summary
VIX is arguably still in a general uptrend on the hourly cycle. First target would be 22/24 in the coming few days.
The bigger cycles warn of 30s and 40s in July.
Right now..those VIX August calls sure look cheap.