VECHAIN - VET/USD
VECHAIN - VET/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 06/11/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.008692 USD
My targets
0.010483 USD (+5.89%)
0.012867 USD (+29.97%)
My analysis
VECHAIN - VET/USD 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 0.008692 USD. The next resistance located at 0.010483 USD 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 0.012867 USD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.9

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 Addareea. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The VECHAIN - VET/USD price is 0.009900 USD. The price has increased by +8.79% since the last closing and was between 0.009000 USD and 0.010200 USD. This implies that the price is at +10.00% from its lowest and at -2.94% from its highest.

0.009000
0.010200
0.009900

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Daily of this VECHAIN - VET/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 0.004961 0.006700 0.008202 0.009900
Change (%) -49.89% -32.32% -17.15% -
Change -0.004939 -0.003200 -0.001698 -
Level Intermediate Major Intermediate -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0071290.0075630.0083310.0087650.0095330.0099670.010735
Camarilla0.0087700.0088800.0089900.0091000.0092100.0093200.009431
Woodie0.0072970.0076470.0084990.0088490.0097010.0100510.010903
Fibonacci0.0075630.0080220.0083060.0087650.0092240.0095080.009967


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0044000.0053000.0063000.0072000.0082000.0091000.010100
Camarilla0.0067780.0069520.0071260.0073000.0074740.0076480.007823
Woodie0.0044500.0053250.0063500.0072250.0082500.0091250.010150
Fibonacci0.0053000.0060260.0064740.0072000.0079260.0083740.009100


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0003420.0021330.0045170.0063080.0086920.0104830.012867
Camarilla0.0057520.0061350.0065170.0069000.0072830.0076650.008048
Woodie0.0006380.0022810.0048130.0064560.0089880.0106310.013163
Fibonacci0.0021330.0037280.0047140.0063080.0079030.0088890.010483

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): 84.76
MACD (12,26,9): 0.0011
Directional Movement: 39.062236
AROON (14): 100.000000
DEMA (21): 0.008273
Parabolic SAR (0,02-0,02-0,2): 0.007359
Elder Ray (13): 0.002013
Super Trend (3,10): 0.007145
Zig ZAG (10): 0.009800
VORTEX (21): 1.2966
Stochastique (14,3,5): 95.51
TEMA (21): 0.008892
Williams %R (14): -8.16
Chande Momentum Oscillator (20): 0.003500
Repulse (5,40,3): 25.6124
ROCnROLL: 1
TRIX (15,9): 2.1553
Courbe Coppock: 111.72
MA7: 0.008043
MA20: 0.006625
MA50: 0.005339
MA100: 0.004474
MAexp7: 0.008335
MAexp20: 0.006994
MAexp50: 0.005767
MAexp100: 0.005230
Price / MA7: +23.09%
Price / MA20: +49.43%
Price / MA50: +85.43%
Price / MA100: +121.28%
Price / MAexp7: +18.78%
Price / MAexp20: +41.55%
Price / MAexp50: +71.67%
Price / MAexp100: +89.29%

Quotes : 2020-06-11 04:27:44 - Real time data - Cryptocompare

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

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