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 06/14/2020 (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

78%

22%

My opinion

Bullish above 0.008202 USD

My targets

0.010483 USD (+15.20%)

0.012867 USD (+41.39%)

My analysis

The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.008202 USD, you could try to benefit from the boom. The first bullish objective is located at 0.010483 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.012867 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

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 Addareea. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VECHAIN - VET/USD price is 0.009100 USD. The price is lower by -5.21% since the last closing and was traded between 0.009000 USD and 0.009600 USD over the period. The price is currently at +1.11% from its lowest and -5.21% from its highest.

0.009000

0.009600

0.009100

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.004961	0.006700	0.008202	0.009100
Change (%)	-45.48%	-26.37%	-9.87%	-
Change	-0.004139	-0.002400	-0.000898	-
Level	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	0.008700	0.009000	0.009300	0.009600	0.009900	0.010200	0.010500
Camarilla	0.009435	0.009490	0.009545	0.009600	0.009655	0.009710	0.009765
Woodie	0.008700	0.009000	0.009300	0.009600	0.009900	0.010200	0.010500
Fibonacci	0.009000	0.009229	0.009371	0.009600	0.009829	0.009971	0.010200

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003753	0.005327	0.007463	0.009037	0.011173	0.012747	0.014883
Camarilla	0.008580	0.008920	0.009260	0.009600	0.009940	0.010280	0.010620
Woodie	0.004035	0.005468	0.007745	0.009178	0.011455	0.012888	0.015165
Fibonacci	0.005327	0.006744	0.007619	0.009037	0.010454	0.011329	0.012747

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000342	0.002133	0.004517	0.006308	0.008692	0.010483	0.012867
Camarilla	0.005752	0.006135	0.006517	0.006900	0.007283	0.007665	0.008048
Woodie	0.000638	0.002281	0.004813	0.006456	0.008988	0.010631	0.013163
Fibonacci	0.002133	0.003728	0.004714	0.006308	0.007903	0.008889	0.010483

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):	70.07
MACD (12,26,9):	0.0011
Directional Movement:	28.803251
AROON (14):	78.571426
DEMA (21):	0.008985
Parabolic SAR (0,02-0,02-0,2):	0.008600
Elder Ray (13):	0.001118
Super Trend (3,10):	0.006987
Zig ZAG (10):	0.009100
VORTEX (21):	1.2510
Stochastique (14,3,5):	75.40
TEMA (21):	0.009548
Williams %R (14):	-35.03
Chande Momentum Oscillator (20):	0.001900
Repulse (5,40,3):	0.1628
ROCnROLL:	1
TRIX (15,9):	2.4402
Courbe Coppock:	96.15

MA7:	0.008929
MA20:	0.007285
MA50:	0.005650
MA100:	0.004568
MAexp7:	0.008878
MAexp20:	0.007560
MAexp50:	0.006150
MAexp100:	0.005459
Price / MA7:	+1.92%
Price / MA20:	+24.91%
Price / MA50:	+61.06%
Price / MA100:	+99.21%
Price / MAexp7:	+2.50%
Price / MAexp20:	+20.37%
Price / MAexp50:	+47.97%
Price / MAexp100:	+66.70%

Quotes : 2020-06-14 07:53:38 - Real time data - Cryptocompare

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

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