VECHAIN - VET/USD - Daily - Technical analysis published on 06/17/2020 (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
56%
17%
28%
My opinion
Bullish above 0.008202 USD
My targets
0.009037 USD (+1.54%)
0.010483 USD (+17.79%)
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 0.008202 USD. The next resistance located at 0.009037 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 0.010483 USD. After this resistance, buyers could then target 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD rating is 0.008900 USD. The price is lower by -2.20% since the last closing and was traded between 0.008700 USD and 0.009199 USD over the period. The price is currently at +2.30% from its lowest and -3.25% from its highest.0.008700
0.009199
0.008900
A study of price movements over other periods shows the following variations:
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.004961 | 0.006700 | 0.008202 | 0.008900 |
| Change (%) | -44.26% | -24.72% | -7.84% | - |
| Change | -0.003939 | -0.002200 | -0.000698 | - |
| Level | Intermediate | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.008068 | 0.008434 | 0.008767 | 0.009133 | 0.009466 | 0.009832 | 0.010165 |
| Camarilla | 0.008908 | 0.008972 | 0.009036 | 0.009100 | 0.009164 | 0.009228 | 0.009292 |
| Woodie | 0.008052 | 0.008426 | 0.008751 | 0.009125 | 0.009450 | 0.009824 | 0.010149 |
| Fibonacci | 0.008434 | 0.008701 | 0.008866 | 0.009133 | 0.009400 | 0.009565 | 0.009832 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.98 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 16.891568 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.009183 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.010333 | |
| Elder Ray (13): | 0.000562 | |
| Super Trend (3,10): | 0.006987 | |
| Zig ZAG (10): | 0.008800 | |
| VORTEX (21): | 1.1957 | |
| Stochastique (14,3,5): | 56.53 | |
| TEMA (21): | 0.009539 | |
| Williams %R (14): | -45.14 | |
| Chande Momentum Oscillator (20): | 0.002100 | |
| Repulse (5,40,3): | -2.4434 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.4133 | |
| Courbe Coppock: | 71.95 |
| MA7: | 0.009057 | |
| MA20: | 0.007830 | |
| MA50: | 0.005904 | |
| MA100: | 0.004663 | |
| MAexp7: | 0.008822 | |
| MAexp20: | 0.007862 | |
| MAexp50: | 0.006440 | |
| MAexp100: | 0.005648 | |
| Price / MA7: | -1.73% | |
| Price / MA20: | +13.67% | |
| Price / MA50: | +50.75% | |
| Price / MA100: | +90.86% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +13.20% | |
| Price / MAexp50: | +38.20% | |
| Price / MAexp100: | +57.58% |
Quotes :
2020-06-17 07:06:09
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Real time data
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