VECHAIN - VET/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	VETUSDT
ISIN:

VECHAIN - VET/USDT - Daily - Technical analysis published on 11/11/2020 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bearish

Technical indicators

72%

22%

My opinion

Neutral between 0.011024 USDT and 0.012227 USDT

My targets

My analysis

The short-term increase on VECHAIN - VET/USDT remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.012227 USDT. The first support is located at 0.011024 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

VECHAIN - VET/USDT rating 0.011620 USDT. On the day, this instrument gained +0.35% and was between 0.011410 USDT and 0.011840 USDT. This implies that the price is at +1.84% from its lowest and at -1.86% from its highest.

0.011410

0.011840

0.011620

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this VECHAIN - VET/USDT chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.004657	0.007262	0.009337	0.011620	0.012227	0.016005	0.019940
Change (%)	-59.92%	-37.50%	-19.65%	-	+5.22%	+37.74%	+71.60%
Change	-0.006963	-0.004358	-0.002283	-	+0.000607	+0.004385	+0.008320
Level	Intermediate	Minor	Major	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.010110	0.010520	0.011050	0.011460	0.011990	0.012400	0.012930
Camarilla	0.011322	0.011408	0.011494	0.011580	0.011666	0.011752	0.011839
Woodie	0.010170	0.010550	0.011110	0.011490	0.012050	0.012430	0.012990
Fibonacci	0.010520	0.010879	0.011101	0.011460	0.011819	0.012041	0.012400

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005683	0.007291	0.008835	0.010443	0.011987	0.013595	0.015139
Camarilla	0.009513	0.009802	0.010091	0.010380	0.010669	0.010958	0.011247
Woodie	0.005652	0.007275	0.008804	0.010427	0.011956	0.013579	0.015108
Fibonacci	0.007291	0.008495	0.009239	0.010443	0.011647	0.012391	0.013595

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004317	0.006933	0.008408	0.011024	0.012499	0.015115	0.016590
Camarilla	0.008758	0.009133	0.009508	0.009883	0.010258	0.010633	0.011008
Woodie	0.003747	0.006648	0.007838	0.010739	0.011929	0.014830	0.016020
Fibonacci	0.006933	0.008496	0.009461	0.011024	0.012587	0.013552	0.015115

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.27
MACD (12,26,9):	-0.0001
Directional Movement:	6.558281
AROON (14):	21.428574
DEMA (21):	0.010626
Parabolic SAR (0,02-0,02-0,2):	0.009413
Elder Ray (13):	0.000753
Super Trend (3,10):	0.008878
Zig ZAG (10):	0.011600
VORTEX (21):	1.0350
Stochastique (14,3,5):	79.91
TEMA (21):	0.010957
Williams %R (14):	-12.69
Chande Momentum Oscillator (20):	0.001570
Repulse (5,40,3):	6.9741
ROCnROLL:	-1
TRIX (15,9):	-0.4040
Courbe Coppock:	2.11

MA7:	0.010953
MA20:	0.010783
MA50:	0.011344
MA100:	0.013870
MAexp7:	0.011054
MAexp20:	0.010867
MAexp50:	0.011561
MAexp100:	0.012230
Price / MA7:	+6.09%
Price / MA20:	+7.76%
Price / MA50:	+2.43%
Price / MA100:	-16.22%
Price / MAexp7:	+5.12%
Price / MAexp20:	+6.93%
Price / MAexp50:	+0.51%
Price / MAexp100:	-4.99%

Quotes : 2020-11-11 11:51:37 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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