VECHAIN - VET/USD - 1H - Technical analysis published on 09/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.012600 USD
My targets
0.013997 USD (+9.35%)
0.014800 USD (+15.63%)
My analysis
The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.012600 USD, you could try to benefit from the boom. The first bullish objective is located at 0.013997 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.014800 USD as an objective. Crossing it would then enable buyers to target 0.016020 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 0.012800 USD. The price registered an increase of +5.79% on the session and was traded between 0.011600 USD and 0.013100 USD over the period. The price is currently at +10.34% from its lowest and -2.29% from its highest.0.011600
0.013100
0.012800
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of VECHAIN - VET/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.011056 | 0.011936 | 0.012600 | 0.012800 | 0.014800 | 0.016020 | 0.016947 |
Change (%) | -13.63% | -6.75% | -1.56% | - | +15.63% | +25.16% | +32.40% |
Change | -0.001744 | -0.000864 | -0.000200 | - | +0.002000 | +0.003220 | +0.004147 |
Level | Intermediate | Minor | Minor | - | Minor | Minor | Major |
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 | 0.009867 | 0.010833 | 0.011467 | 0.012433 | 0.013067 | 0.014033 | 0.014667 |
Camarilla | 0.011660 | 0.011807 | 0.011953 | 0.012100 | 0.012247 | 0.012393 | 0.012540 |
Woodie | 0.009700 | 0.010750 | 0.011300 | 0.012350 | 0.012900 | 0.013950 | 0.014500 |
Fibonacci | 0.010833 | 0.011445 | 0.011822 | 0.012433 | 0.013045 | 0.013422 | 0.014033 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 69.21 | |
MACD (12,26,9): | 0.0002 | |
Directional Movement: | 20.973262 | |
AROON (14): | 78.571428 | |
DEMA (21): | 0.012529 | |
Parabolic SAR (0,02-0,02-0,2): | 0.012072 | |
Elder Ray (13): | 0.000588 | |
Super Trend (3,10): | 0.012292 | |
Zig ZAG (10): | 0.013000 | |
VORTEX (21): | 1.1035 | |
Stochastique (14,3,5): | 90.14 | |
TEMA (21): | 0.012627 | |
Williams %R (14): | -13.33 | |
Chande Momentum Oscillator (20): | 0.001300 | |
Repulse (5,40,3): | 1.0980 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0464 | |
Courbe Coppock: | 9.04 |
MA7: | 0.012629 | |
MA20: | 0.015565 | |
MA50: | 0.017362 | |
MA100: | 0.014447 | |
MAexp7: | 0.012597 | |
MAexp20: | 0.012357 | |
MAexp50: | 0.012270 | |
MAexp100: | 0.012556 | |
Price / MA7: | +1.35% | |
Price / MA20: | -17.76% | |
Price / MA50: | -26.28% | |
Price / MA100: | -11.40% | |
Price / MAexp7: | +1.61% | |
Price / MAexp20: | +3.59% | |
Price / MAexp50: | +4.32% | |
Price / MAexp100: | +1.94% |
Quotes :
2020-09-09 16:46:12
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Real time data
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