VECHAIN - VET/USD
VECHAIN - VET/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: VETUSD
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VECHAIN - VET/USD - 1H - Technical analysis published on 09/09/2020 (GMT)

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  • Timeframe : 1H
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  • 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:
15 min. Daily Weekly

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.0098670.0108330.0114670.0124330.0130670.0140330.014667
Camarilla0.0116600.0118070.0119530.0121000.0122470.0123930.012540
Woodie0.0097000.0107500.0113000.0123500.0129000.0139500.014500
Fibonacci0.0108330.0114450.0118220.0124330.0130450.0134220.014033


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0017130.0064070.0093030.0139970.0168930.0215870.024483
Camarilla0.0101130.0108090.0115040.0122000.0128960.0135920.014287
Woodie0.0008150.0059580.0084050.0135480.0159950.0211380.023585
Fibonacci0.0064070.0093060.0110970.0139970.0168960.0186870.021587


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0066000.0110000.0142000.0186000.0218000.0262000.029400
Camarilla0.0153100.0160070.0167030.0174000.0180970.0187930.019490
Woodie0.0060000.0107000.0136000.0183000.0212000.0259000.028800
Fibonacci0.0110000.0139030.0156970.0186000.0215030.0232970.026200

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 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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