VECHAIN - VET/USD - 1H - Technical analysis published on 09/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.013400 USD
My targets
0.012703 USD (-0.76%)
0.012400 USD (-3.13%)
My analysis
VECHAIN - VET/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.013400 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.012703 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.012400 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.011600 USD. Beware of a possible return to above the resistance located at 0.013400 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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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 price is 0.012800 USD. On the day, this instrument lost -4.48% and was between 0.012700 USD and 0.013800 USD. This implies that the price is at +0.79% from its lowest and at -7.25% from its highest.0.012700
0.013800
0.012800
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 | 0.011600 | 0.012400 | 0.012703 | 0.012800 | 0.013400 | 0.013700 | 0.014300 |
| Change (%) | -9.38% | -3.13% | -0.76% | - | +4.69% | +7.03% | +11.72% |
| Change | -0.001200 | -0.000400 | -0.000097 | - | +0.000600 | +0.000900 | +0.001500 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012567 | 0.012733 | 0.013067 | 0.013233 | 0.013567 | 0.013733 | 0.014067 |
| Camarilla | 0.013263 | 0.013308 | 0.013354 | 0.013400 | 0.013446 | 0.013492 | 0.013538 |
| Woodie | 0.012650 | 0.012775 | 0.013150 | 0.013275 | 0.013650 | 0.013775 | 0.014150 |
| Fibonacci | 0.012733 | 0.012924 | 0.013042 | 0.013233 | 0.013424 | 0.013542 | 0.013733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009000 | 0.010000 | 0.011700 | 0.012700 | 0.014400 | 0.015400 | 0.017100 |
| Camarilla | 0.012658 | 0.012905 | 0.013153 | 0.013400 | 0.013648 | 0.013895 | 0.014143 |
| Woodie | 0.009350 | 0.010175 | 0.012050 | 0.012875 | 0.014750 | 0.015575 | 0.017450 |
| Fibonacci | 0.010000 | 0.011031 | 0.011669 | 0.012700 | 0.013731 | 0.014369 | 0.015400 |
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): | 33.46 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -12.784966 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.013277 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.013635 | |
| Elder Ray (13): | -0.000453 | |
| Super Trend (3,10): | 0.013484 | |
| Zig ZAG (10): | 0.012800 | |
| VORTEX (21): | 0.9333 | |
| Stochastique (14,3,5): | 3.03 | |
| TEMA (21): | 0.013161 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.000800 | |
| Repulse (5,40,3): | -3.8082 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0802 | |
| Courbe Coppock: | 1.75 |
| MA7: | 0.012800 | |
| MA20: | 0.014575 | |
| MA50: | 0.017004 | |
| MA100: | 0.014692 | |
| MAexp7: | 0.013112 | |
| MAexp20: | 0.013288 | |
| MAexp50: | 0.013216 | |
| MAexp100: | 0.013077 | |
| Price / MA7: | -0% | |
| Price / MA20: | -12.18% | |
| Price / MA50: | -24.72% | |
| Price / MA100: | -12.88% | |
| Price / MAexp7: | -2.38% | |
| Price / MAexp20: | -3.67% | |
| Price / MAexp50: | -3.15% | |
| Price / MAexp100: | -2.12% |
Quotes :
2020-09-13 14:00:25
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Real time data
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