VECHAIN - VET/USD - Daily - Technical analysis published on 11/10/2020 (GMT)
- 187
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 0.010591 USD and 0.012167 USD
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. VECHAIN - VET/USD is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on VECHAIN - VET/USD essentials for the price to rebound like this? In such a situation, it would be possible to stay away from VECHAIN - VET/USD or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 0.012167 USD as an objective. Buyers would then use the next resistance located at 0.015233 USD as an objective. Crossing it would then enable buyers to target 0.016080 USD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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
The VECHAIN - VET/USD rating is 0.011600 USD. The price has increased by +5.46% since the last closing and was between 0.011000 USD and 0.011900 USD. This implies that the price is at +5.45% from its lowest and at -2.52% from its highest.0.011000
0.011900
0.011600
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Technical
Technical analysis of this Daily chart of VECHAIN - VET/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.004168 | 0.008837 | 0.010591 | 0.011600 | 0.012167 | 0.016080 | 0.020000 |
| Change (%) | -64.07% | -23.82% | -8.70% | - | +4.89% | +38.62% | +72.41% |
| Change | -0.007432 | -0.002763 | -0.001009 | - | +0.000567 | +0.004480 | +0.008400 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
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 | 0.009767 | 0.010133 | 0.010567 | 0.010933 | 0.011367 | 0.011733 | 0.012167 |
| Camarilla | 0.010780 | 0.010853 | 0.010927 | 0.011000 | 0.011073 | 0.011147 | 0.011220 |
| Woodie | 0.009800 | 0.010150 | 0.010600 | 0.010950 | 0.011400 | 0.011750 | 0.012200 |
| Fibonacci | 0.010133 | 0.010439 | 0.010628 | 0.010933 | 0.011239 | 0.011428 | 0.011733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005637 | 0.007269 | 0.008835 | 0.010467 | 0.012033 | 0.013665 | 0.015231 |
| Camarilla | 0.009521 | 0.009814 | 0.010107 | 0.010400 | 0.010693 | 0.010986 | 0.011280 |
| Woodie | 0.005603 | 0.007253 | 0.008801 | 0.010451 | 0.011999 | 0.013649 | 0.015197 |
| Fibonacci | 0.007269 | 0.008491 | 0.009246 | 0.010467 | 0.011689 | 0.012444 | 0.013665 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004168 | 0.006835 | 0.008367 | 0.011034 | 0.012566 | 0.015233 | 0.016765 |
| Camarilla | 0.008745 | 0.009130 | 0.009515 | 0.009900 | 0.010285 | 0.010670 | 0.011055 |
| Woodie | 0.003602 | 0.006551 | 0.007801 | 0.010750 | 0.012000 | 0.014949 | 0.016199 |
| Fibonacci | 0.006835 | 0.008439 | 0.009430 | 0.011034 | 0.012638 | 0.013629 | 0.015233 |
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): | 54.41 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 7.153835 | |
| AROON (14): | 21.428569 | |
| DEMA (21): | 0.010451 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009313 | |
| Elder Ray (13): | 0.000730 | |
| Super Trend (3,10): | 0.011750 | |
| Zig ZAG (10): | 0.011400 | |
| VORTEX (21): | 1.0102 | |
| Stochastique (14,3,5): | 70.82 | |
| TEMA (21): | 0.010676 | |
| Williams %R (14): | -21.89 | |
| Chande Momentum Oscillator (20): | 0.001200 | |
| Repulse (5,40,3): | 2.9971 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4638 | |
| Courbe Coppock: | 10.63 |
| MA7: | 0.010614 | |
| MA20: | 0.010810 | |
| MA50: | 0.011364 | |
| MA100: | 0.013936 | |
| MAexp7: | 0.010815 | |
| MAexp20: | 0.010789 | |
| MAexp50: | 0.011567 | |
| MAexp100: | 0.012258 | |
| Price / MA7: | +9.29% | |
| Price / MA20: | +7.31% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | -16.76% | |
| Price / MAexp7: | +7.26% | |
| Price / MAexp20: | +7.52% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | -5.37% |
Quotes :
2020-11-10 12:02:36
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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