Yes, when the virtual environment is activated, it shows in the terminal as a prefix like
(env) yourname~Desktop/workspace-folder>
And that is enough to know it is activated, and you are using it.
Since you are using Python 3, you can create your virtual environment as follows in the same directory of your project, open terminal or iTerm and run this comman
python3 -m venv env
After few seconds, a folder env will be created that is your virtual environment. Note you can name your virtual environment as you wish, maybe like python3 -m venv djang-app
After you have created the virtual environment, you can now activate it like
source env/bin/activate
Again, if you created your virtual environment using lets say django-app
python3 -m venv django-app
You can activate it like this
source django-app/bin/activate
and you will see your terminal is prefixed as follows
(django-app) yourname~Desktop/workspace-folder>
To deactivate the virtual environment, you simply run this command deactivate
in the terminal with active virtual environment.
You can learn more about python3 venv from here.