VECHAIN - VET/USD - 1H - Technical analysis published on 08/20/2020 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.019400 USD
My targets
0.018200 USD (-2.15%)
0.017670 USD (-5.00%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VECHAIN - VET/USD. As long as you are under the resistance located at 0.019400 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.018200 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.017670 USD as an objective. Crossing it would then enable sellers to target 0.017360 USD. If the resistance 0.019400 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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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 0.018600 USD. The price has increased by +3.91% since the last closing and was traded between 0.017800 USD and 0.018800 USD over the period. The price is currently at +4.49% from its lowest and -1.06% from its highest.0.017800
0.018800
0.018600
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
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.017670 | 0.018200 | 0.018500 | 0.018600 | 0.019400 | 0.020000 | 0.021300 |
| Change (%) | -5.00% | -2.15% | -0.54% | - | +4.30% | +7.53% | +14.52% |
| Change | -0.000930 | -0.000400 | -0.000100 | - | +0.000800 | +0.001400 | +0.002700 |
| Level | Minor | Minor | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015000 | 0.016180 | 0.017040 | 0.018220 | 0.019080 | 0.020260 | 0.021120 |
| Camarilla | 0.017339 | 0.017526 | 0.017713 | 0.017900 | 0.018087 | 0.018274 | 0.018461 |
| Woodie | 0.014840 | 0.016100 | 0.016880 | 0.018140 | 0.018920 | 0.020180 | 0.020960 |
| Fibonacci | 0.016180 | 0.016959 | 0.017441 | 0.018220 | 0.018999 | 0.019481 | 0.020260 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013233 | 0.015867 | 0.017733 | 0.020367 | 0.022233 | 0.024867 | 0.026733 |
| Camarilla | 0.018363 | 0.018775 | 0.019188 | 0.019600 | 0.020013 | 0.020425 | 0.020838 |
| Woodie | 0.012850 | 0.015675 | 0.017350 | 0.020175 | 0.021850 | 0.024675 | 0.026350 |
| Fibonacci | 0.015867 | 0.017586 | 0.018648 | 0.020367 | 0.022086 | 0.023148 | 0.024867 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.46 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.468376 | |
| AROON (14): | 42.857141 | |
| DEMA (21): | 0.018407 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.019134 | |
| Elder Ray (13): | 0.000175 | |
| Super Trend (3,10): | 0.019028 | |
| Zig ZAG (10): | 0.018400 | |
| VORTEX (21): | 0.9030 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.018460 | |
| Williams %R (14): | -30.00 | |
| Chande Momentum Oscillator (20): | 0.000300 | |
| Repulse (5,40,3): | -0.3043 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0902 | |
| Courbe Coppock: | 3.14 |
| MA7: | 0.019384 | |
| MA20: | 0.019310 | |
| MA50: | 0.017610 | |
| MA100: | 0.012301 | |
| MAexp7: | 0.018451 | |
| MAexp20: | 0.018453 | |
| MAexp50: | 0.018675 | |
| MAexp100: | 0.019059 | |
| Price / MA7: | -4.04% | |
| Price / MA20: | -3.68% | |
| Price / MA50: | +5.62% | |
| Price / MA100: | +51.21% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -2.41% |
Quotes :
2020-08-20 14:29:03
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Real time data
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