VECHAIN - VET/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
- Who voted?
- 258
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 0.006037 USDT
My targets
0.007197 USDT (+4.73%)
0.007828 USDT (+13.91%)
My analysis
VECHAIN - VET/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.006037 USDT. The next resistance located at 0.007197 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.007828 USDT. After this resistance, buyers could then target 0.009337 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.9
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 0.006872 USDT. On the day, this instrument lost -7.37% with the lowest point at 0.006854 USDT and the highest point at 0.007615 USDT. The deviation from the price is +0.26% for the low point and -9.76% for the high point.0.006854
0.007615
0.006872
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of VECHAIN - VET/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.003316 | 0.004317 | 0.005178 | 0.006872 | 0.007197 | 0.007828 | 0.009337 |
| Change (%) | -51.75% | -37.18% | -24.65% | - | +4.73% | +13.91% | +35.87% |
| Change | -0.003556 | -0.002555 | -0.001694 | - | +0.000325 | +0.000956 | +0.002465 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006150 | 0.006627 | 0.007023 | 0.007500 | 0.007896 | 0.008373 | 0.008769 |
| Camarilla | 0.007179 | 0.007259 | 0.007339 | 0.007419 | 0.007499 | 0.007579 | 0.007659 |
| Woodie | 0.006110 | 0.006607 | 0.006983 | 0.007480 | 0.007856 | 0.008353 | 0.008729 |
| Fibonacci | 0.006627 | 0.006961 | 0.007167 | 0.007500 | 0.007834 | 0.008040 | 0.008373 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003483 | 0.004235 | 0.005158 | 0.005910 | 0.006833 | 0.007585 | 0.008508 |
| Camarilla | 0.005621 | 0.005775 | 0.005929 | 0.006082 | 0.006236 | 0.006389 | 0.006543 |
| Woodie | 0.003570 | 0.004278 | 0.005245 | 0.005953 | 0.006920 | 0.007628 | 0.008595 |
| Fibonacci | 0.004235 | 0.004875 | 0.005270 | 0.005910 | 0.006550 | 0.006945 | 0.007585 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000186 | 0.001873 | 0.003978 | 0.006037 | 0.008142 | 0.010201 | 0.012306 |
| Camarilla | 0.004937 | 0.005319 | 0.005700 | 0.006082 | 0.006464 | 0.006845 | 0.007227 |
| Woodie | -0.000164 | 0.001885 | 0.004000 | 0.006049 | 0.008164 | 0.010213 | 0.012328 |
| Fibonacci | 0.001873 | 0.003464 | 0.004447 | 0.006037 | 0.007628 | 0.008611 | 0.010201 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.24 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 12.266676 | |
| AROON (14): | 71.428568 | |
| DEMA (21): | 0.006889 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.005054 | |
| Elder Ray (13): | 0.000711 | |
| Super Trend (3,10): | 0.007426 | |
| Zig ZAG (10): | 0.006887 | |
| VORTEX (21): | 1.0457 | |
| Stochastique (14,3,5): | 77.40 | |
| TEMA (21): | 0.006840 | |
| Williams %R (14): | -33.53 | |
| Chande Momentum Oscillator (20): | 0.001136 | |
| Repulse (5,40,3): | -3.3920 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0247 | |
| Courbe Coppock: | 0.52 |
| MA7: | 0.006687 | |
| MA20: | 0.006566 | |
| MA50: | 0.005177 | |
| MA100: | 0.004496 | |
| MAexp7: | 0.006727 | |
| MAexp20: | 0.006330 | |
| MAexp50: | 0.005570 | |
| MAexp100: | 0.005172 | |
| Price / MA7: | +2.77% | |
| Price / MA20: | +4.66% | |
| Price / MA50: | +32.74% | |
| Price / MA100: | +52.85% | |
| Price / MAexp7: | +2.16% | |
| Price / MAexp20: | +8.56% | |
| Price / MAexp50: | +23.38% | |
| Price / MAexp100: | +32.87% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis VECHAIN - VET/USDT - Daily