VECHAIN - VET/USD - 1H - Technical analysis published on 09/07/2020 (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
44%
17%
39%
My opinion
Bearish under 0.011800 USD
My targets
0.011000 USD (-5.98%)
0.009800 USD (-16.24%)
My analysis
The bearish trend is currently very strong for VECHAIN - VET/USD. As long as the price remains below the resistance at 0.011800 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.011000 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.009800 USD as an objective. Crossing it would then enable sellers to target 0.008300 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
5.2
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VECHAIN - VET/USD rating 0.011700 USD. The price is lower by -4.88% since the last closing with the lowest point at 0.011090 USD and the highest point at 0.012600 USD. The deviation from the price is +5.50% for the low point and -7.14% for the high point.0.011090
0.012600
0.011700
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006510 | 0.008300 | 0.009800 | 0.011700 | 0.011800 | 0.012800 | 0.013700 |
| Change (%) | -44.36% | -29.06% | -16.24% | - | +0.85% | +9.40% | +17.09% |
| Change | -0.005190 | -0.003400 | -0.001900 | - | +0.000100 | +0.001100 | +0.002000 |
| 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 | 0.009200 | 0.010100 | 0.011200 | 0.012100 | 0.013200 | 0.014100 | 0.015200 |
| Camarilla | 0.011750 | 0.011933 | 0.012117 | 0.012300 | 0.012483 | 0.012667 | 0.012850 |
| Woodie | 0.009300 | 0.010150 | 0.011300 | 0.012150 | 0.013300 | 0.014150 | 0.015300 |
| Fibonacci | 0.010100 | 0.010864 | 0.011336 | 0.012100 | 0.012864 | 0.013336 | 0.014100 |
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): | 45.63 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.383957 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.011576 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.011184 | |
| Elder Ray (13): | 0.000078 | |
| Super Trend (3,10): | 0.012206 | |
| Zig ZAG (10): | 0.011800 | |
| VORTEX (21): | 0.8634 | |
| Stochastique (14,3,5): | 43.19 | |
| TEMA (21): | 0.011518 | |
| Williams %R (14): | -41.32 | |
| Chande Momentum Oscillator (20): | -0.000100 | |
| Repulse (5,40,3): | 0.6809 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2279 | |
| Courbe Coppock: | 10.99 |
| MA7: | 0.013700 | |
| MA20: | 0.016150 | |
| MA50: | 0.017522 | |
| MA100: | 0.014323 | |
| MAexp7: | 0.011642 | |
| MAexp20: | 0.011804 | |
| MAexp50: | 0.012197 | |
| MAexp100: | 0.012970 | |
| Price / MA7: | -14.60% | |
| Price / MA20: | -27.55% | |
| Price / MA50: | -33.23% | |
| Price / MA100: | -18.31% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -4.07% | |
| Price / MAexp100: | -9.79% |
Quotes :
2020-09-07 18:43:45
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Real time data
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