VECHAIN - VET/USD - 1H - Technical analysis published on 09/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.012100 USD
My targets
0.013000 USD (+1.56%)
0.013900 USD (+8.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.012100 USD. The buyers” bullish objective is set at 0.013000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.013900 USD. If there is any crossing, the next objective would be the resistance located at 0.015300 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 +4.07% on the session and was between 0.011800 USD and 0.013000 USD. This implies that the price is at +8.47% from its lowest and at -1.54% from its highest.0.011800
0.013000
0.012800
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
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Technical
Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.009800 | 0.011200 | 0.012100 | 0.012800 | 0.013000 | 0.013900 | 0.015300 |
| Change (%) | -23.44% | -12.50% | -5.47% | - | +1.56% | +8.59% | +19.53% |
| Change | -0.003000 | -0.001600 | -0.000700 | - | +0.000200 | +0.001100 | +0.002500 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010067 | 0.010633 | 0.011467 | 0.012033 | 0.012867 | 0.013433 | 0.014267 |
| Camarilla | 0.011915 | 0.012043 | 0.012172 | 0.012300 | 0.012428 | 0.012557 | 0.012685 |
| Woodie | 0.010200 | 0.010700 | 0.011600 | 0.012100 | 0.013000 | 0.013500 | 0.014400 |
| Fibonacci | 0.010633 | 0.011168 | 0.011499 | 0.012033 | 0.012568 | 0.012899 | 0.013433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009700 | 0.010900 | 0.013100 | 0.014300 | 0.016500 | 0.017700 | 0.019900 |
| Camarilla | 0.014365 | 0.014677 | 0.014988 | 0.015300 | 0.015612 | 0.015923 | 0.016235 |
| Woodie | 0.010200 | 0.011150 | 0.013600 | 0.014550 | 0.017000 | 0.017950 | 0.020400 |
| Fibonacci | 0.010900 | 0.012199 | 0.013001 | 0.014300 | 0.015599 | 0.016401 | 0.017700 |
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): | 64.83 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 15.042938 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.012487 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.011861 | |
| Elder Ray (13): | 0.000396 | |
| Super Trend (3,10): | 0.011913 | |
| Zig ZAG (10): | 0.012900 | |
| VORTEX (21): | 1.0364 | |
| Stochastique (14,3,5): | 87.04 | |
| TEMA (21): | 0.012547 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.000500 | |
| Repulse (5,40,3): | 3.2734 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0985 | |
| Courbe Coppock: | 1.07 |
| MA7: | 0.013043 | |
| MA20: | 0.012970 | |
| MA50: | 0.016012 | |
| MA100: | 0.015255 | |
| MAexp7: | 0.012578 | |
| MAexp20: | 0.012329 | |
| MAexp50: | 0.012246 | |
| MAexp100: | 0.012485 | |
| Price / MA7: | -1.86% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -20.06% | |
| Price / MA100: | -16.09% | |
| Price / MAexp7: | +1.76% | |
| Price / MAexp20: | +3.82% | |
| Price / MAexp50: | +4.52% | |
| Price / MAexp100: | +2.52% |
Quotes :
2020-09-25 16:32:17
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Real time data
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