VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 08/07/2020 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 0.017380 USD

My targets

0.023300 USD (+18.88%)

0.029300 USD (+49.49%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.017380 USD. The buyers” bullish objective is set at 0.023300 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.029300 USD. If there is any crossing, the next objective would be the resistance located at 2.290000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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/USD rating 0.019600 USD. On the day, this instrument lost -1.01% and was traded between 0.019100 USD and 0.020300 USD over the period. The price is currently at +2.62% from its lowest and -3.45% from its highest.

0.019100

0.020300

0.019600

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 notes the presence of abnormal volumes:

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.

The probability of a further increase is high given the direction of the technical indicators.
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

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.008235	0.015600	0.017380	0.019600	0.020000	2.290000
Change (%)	-57.98%	-20.41%	-11.33%	-	+2.04%	+11,583.67%
Change	-0.011365	-0.004000	-0.002220	-	+0.000400	+2.270400
Level	Intermediate	Intermediate	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	0.016967	0.017733	0.018767	0.019533	0.020567	0.021333	0.022367
Camarilla	0.019305	0.019470	0.019635	0.019800	0.019965	0.020130	0.020295
Woodie	0.017100	0.017800	0.018900	0.019600	0.020700	0.021400	0.022500
Fibonacci	0.017733	0.018421	0.018846	0.019533	0.020221	0.020646	0.021333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012100	0.013600	0.015500	0.017000	0.018900	0.020400	0.022300
Camarilla	0.016465	0.016777	0.017088	0.017400	0.017712	0.018023	0.018335
Woodie	0.012300	0.013700	0.015700	0.017100	0.019100	0.020500	0.022500
Fibonacci	0.013600	0.014899	0.015701	0.017000	0.018299	0.019101	0.020400

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.003300	0.002700	0.010000	0.016000	0.023300	0.029300	0.036600
Camarilla	0.013643	0.014862	0.016081	0.017300	0.018519	0.019738	0.020958
Woodie	-0.002650	0.003025	0.010650	0.016325	0.023950	0.029625	0.037250
Fibonacci	0.002700	0.007781	0.010919	0.016000	0.021081	0.024219	0.029300

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.30
MACD (12,26,9):	0.0010
Directional Movement:	15.594868
AROON (14):	78.571428
DEMA (21):	0.018837
Parabolic SAR (0,02-0,02-0,2):	0.015631
Elder Ray (13):	0.001769
Super Trend (3,10):	0.015212
Zig ZAG (10):	0.019400
VORTEX (21):	1.0411
Stochastique (14,3,5):	89.23
TEMA (21):	0.018503
Williams %R (14):	-15.38
Chande Momentum Oscillator (20):	0.002000
Repulse (5,40,3):	6.6857
ROCnROLL:	1
TRIX (15,9):	0.7980
Courbe Coppock:	11.81

MA7:	0.018129
MA20:	0.017415
MA50:	0.014704
MA100:	0.010307
MAexp7:	0.018497
MAexp20:	0.017470
MAexp50:	0.015015
MAexp100:	0.011957
Price / MA7:	+8.11%
Price / MA20:	+12.55%
Price / MA50:	+33.30%
Price / MA100:	+90.16%
Price / MAexp7:	+5.96%
Price / MAexp20:	+12.19%
Price / MAexp50:	+30.54%
Price / MAexp100:	+63.92%

Quotes : 2020-08-07 13:28:45 - Real time data - Cryptocompare

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

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