VECHAIN - VET/USD - Daily - Technical analysis published on 08/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.016000 USD
My targets
0.020000 USD (+8.11%)
0.021900 USD (+18.38%)
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 above the support located at 0.016000 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.020000 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.021900 USD as an objective. Crossing it would then enable buyers to target 2.290000 USD. If the support 0.016000 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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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
The VECHAIN - VET/USD rating is 0.018500 USD. On the day, this instrument gained +3.93% with the lowest point at 0.017600 USD and the highest point at 0.018800 USD. The deviation from the price is +5.11% for the low point and -1.60% for the high point.0.017600
0.018800
0.018500
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this VECHAIN - VET/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.008251 | 0.015600 | 0.018200 | 0.018500 | 0.020000 | 0.021900 | 2.290000 |
| Change (%) | -55.40% | -15.68% | -1.62% | - | +8.11% | +18.38% | +12,278.38% |
| Change | -0.010249 | -0.002900 | -0.000300 | - | +0.001500 | +0.003400 | +2.271500 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 | 0.017333 | 0.017567 | 0.017933 | 0.018167 | 0.018533 | 0.018767 |
| Camarilla | 0.017635 | 0.017690 | 0.017745 | 0.017800 | 0.017855 | 0.017910 | 0.017965 |
| Woodie | 0.016900 | 0.017300 | 0.017500 | 0.017900 | 0.018100 | 0.018500 | 0.018700 |
| Fibonacci | 0.017333 | 0.017563 | 0.017704 | 0.017933 | 0.018163 | 0.018304 | 0.018533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012667 | 0.015013 | 0.016607 | 0.018953 | 0.020547 | 0.022893 | 0.024487 |
| Camarilla | 0.017117 | 0.017478 | 0.017839 | 0.018200 | 0.018561 | 0.018922 | 0.019284 |
| Woodie | 0.012290 | 0.014825 | 0.016230 | 0.018765 | 0.020170 | 0.022705 | 0.024110 |
| Fibonacci | 0.015013 | 0.016518 | 0.017448 | 0.018953 | 0.020458 | 0.021388 | 0.022893 |
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): | 50.12 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 3.955667 | |
| AROON (14): | -64.285713 | |
| DEMA (21): | 0.019292 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021268 | |
| Elder Ray (13): | -0.000632 | |
| Super Trend (3,10): | 0.016318 | |
| Zig ZAG (10): | 0.018600 | |
| VORTEX (21): | 1.0430 | |
| Stochastique (14,3,5): | 17.37 | |
| TEMA (21): | 0.018503 | |
| Williams %R (14): | -72.07 | |
| Chande Momentum Oscillator (20): | -0.001900 | |
| Repulse (5,40,3): | 1.9964 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4354 | |
| Courbe Coppock: | 14.37 |
| MA7: | 0.018427 | |
| MA20: | 0.019535 | |
| MA50: | 0.018236 | |
| MA100: | 0.012858 | |
| MAexp7: | 0.018539 | |
| MAexp20: | 0.018810 | |
| MAexp50: | 0.017168 | |
| MAexp100: | 0.014132 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -5.30% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +43.88% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | +7.76% | |
| Price / MAexp100: | +30.91% |
Quotes :
2020-08-24 14:21:41
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Real time data
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