VECHAIN - VET/USD - 1H - Technical analysis published on 09/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.011800 USD
My targets
0.011000 USD (-0.90%)
0.009800 USD (-11.71%)
My analysis
VECHAIN - VET/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.011800 USD. The next support located at 0.011000 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.009800 USD. Below this support, sellers could then target 0.008300 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD rating is 0.011100 USD. The price registered a decrease of -9.02% on the session and was between 0.011000 USD and 0.012200 USD. This implies that the price is at +0.91% from its lowest and at -9.02% from its highest.0.011000
0.012200
0.011100
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006510 | 0.008300 | 0.009800 | 0.011100 | 0.011800 | 0.012800 | 0.013700 |
| Change (%) | -41.35% | -25.23% | -11.71% | - | +6.31% | +15.32% | +23.42% |
| Change | -0.004590 | -0.002800 | -0.001300 | - | +0.000700 | +0.001700 | +0.002600 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007033 | 0.009067 | 0.010633 | 0.012667 | 0.014233 | 0.016267 | 0.017833 |
| Camarilla | 0.011210 | 0.011540 | 0.011870 | 0.012200 | 0.012530 | 0.012860 | 0.013190 |
| Woodie | 0.006800 | 0.008950 | 0.010400 | 0.012550 | 0.014000 | 0.016150 | 0.017600 |
| Fibonacci | 0.009067 | 0.010442 | 0.011292 | 0.012667 | 0.014042 | 0.014892 | 0.016267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001713 | 0.006407 | 0.009303 | 0.013997 | 0.016893 | 0.021587 | 0.024483 |
| Camarilla | 0.010113 | 0.010809 | 0.011504 | 0.012200 | 0.012896 | 0.013592 | 0.014287 |
| Woodie | 0.000815 | 0.005958 | 0.008405 | 0.013548 | 0.015995 | 0.021138 | 0.023585 |
| Fibonacci | 0.006407 | 0.009306 | 0.011097 | 0.013997 | 0.016896 | 0.018687 | 0.021587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006600 | 0.011000 | 0.014200 | 0.018600 | 0.021800 | 0.026200 | 0.029400 |
| Camarilla | 0.015310 | 0.016007 | 0.016703 | 0.017400 | 0.018097 | 0.018793 | 0.019490 |
| Woodie | 0.006000 | 0.010700 | 0.013600 | 0.018300 | 0.021200 | 0.025900 | 0.028800 |
| Fibonacci | 0.011000 | 0.013903 | 0.015697 | 0.018600 | 0.021503 | 0.023297 | 0.026200 |
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): | 33.32 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -20.766499 | |
| AROON (14): | -21.428573 | |
| DEMA (21): | 0.011547 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.011846 | |
| Elder Ray (13): | -0.000463 | |
| Super Trend (3,10): | 0.012911 | |
| Zig ZAG (10): | 0.011300 | |
| VORTEX (21): | 0.7397 | |
| Stochastique (14,3,5): | 21.67 | |
| TEMA (21): | 0.011344 | |
| Williams %R (14): | -90.00 | |
| Chande Momentum Oscillator (20): | -0.001300 | |
| Repulse (5,40,3): | -5.9292 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5606 | |
| Courbe Coppock: | 18.70 |
| MA7: | 0.014357 | |
| MA20: | 0.016475 | |
| MA50: | 0.017628 | |
| MA100: | 0.014252 | |
| MAexp7: | 0.011694 | |
| MAexp20: | 0.012245 | |
| MAexp50: | 0.013107 | |
| MAexp100: | 0.014083 | |
| Price / MA7: | -22.69% | |
| Price / MA20: | -32.63% | |
| Price / MA50: | -37.03% | |
| Price / MA100: | -22.12% | |
| Price / MAexp7: | -5.08% | |
| Price / MAexp20: | -9.35% | |
| Price / MAexp50: | -15.31% | |
| Price / MAexp100: | -21.18% |
Quotes :
2020-09-06 05:17:40
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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