VECHAIN - VET/USD - 1H - Technical analysis published on 01/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.029100 USD
My targets
0.032420 USD (+4.61%)
2.290000 USD (+7,289.48%)
My analysis
The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.029100 USD, you could try to benefit from the boom. The first bullish objective is located at 0.032420 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.290000 USD as an objective. 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.
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
8.2
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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 0.030990 USD. On the day, this instrument gained +10.68% with the lowest point at 0.027310 USD and the highest point at 0.032020 USD. The deviation from the price is +13.47% for the low point and -3.22% for the high point.0.027310
0.032020
0.030990
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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 are moderate 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 over resistance 3
Type : Neutral
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.025000 | 0.026192 | 0.029100 | 0.030990 | 2.290000 |
| Change (%) | -19.33% | -15.48% | -6.10% | - | +7,289.48% |
| Change | -0.005990 | -0.004798 | -0.001890 | - | +2.259010 |
| Level | Minor | Minor | Intermediate | - | Intermediate |
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 | 0.018533 | 0.020867 | 0.024433 | 0.026767 | 0.030333 | 0.032667 | 0.036233 |
| Camarilla | 0.026378 | 0.026918 | 0.027459 | 0.028000 | 0.028541 | 0.029082 | 0.029623 |
| Woodie | 0.019150 | 0.021175 | 0.025050 | 0.027075 | 0.030950 | 0.032975 | 0.036850 |
| Fibonacci | 0.020867 | 0.023121 | 0.024513 | 0.026767 | 0.029021 | 0.030413 | 0.032667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011433 | 0.013667 | 0.016833 | 0.019067 | 0.022233 | 0.024467 | 0.027633 |
| Camarilla | 0.018515 | 0.019010 | 0.019505 | 0.020000 | 0.020495 | 0.020990 | 0.021485 |
| Woodie | 0.011900 | 0.013900 | 0.017300 | 0.019300 | 0.022700 | 0.024700 | 0.028100 |
| Fibonacci | 0.013667 | 0.015730 | 0.017004 | 0.019067 | 0.021130 | 0.022404 | 0.024467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003650 | 0.007680 | 0.013240 | 0.017270 | 0.022830 | 0.026860 | 0.032420 |
| Camarilla | 0.016163 | 0.017042 | 0.017921 | 0.018800 | 0.019679 | 0.020558 | 0.021437 |
| Woodie | 0.004415 | 0.008063 | 0.014005 | 0.017653 | 0.023595 | 0.027243 | 0.033185 |
| Fibonacci | 0.007680 | 0.011343 | 0.013607 | 0.017270 | 0.020933 | 0.023197 | 0.026860 |
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): | 64.86 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 15.032687 | |
| AROON (14): | 57.142854 | |
| DEMA (21): | 0.031150 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029930 | |
| Elder Ray (13): | 0.000916 | |
| Super Trend (3,10): | 0.027760 | |
| Zig ZAG (10): | 0.031100 | |
| VORTEX (21): | 1.1851 | |
| Stochastique (14,3,5): | 73.08 | |
| TEMA (21): | 0.031489 | |
| Williams %R (14): | -14.40 | |
| Chande Momentum Oscillator (20): | 0.002100 | |
| Repulse (5,40,3): | 3.2118 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6277 | |
| Courbe Coppock: | 15.15 |
| MA7: | 0.023983 | |
| MA20: | 0.019379 | |
| MA50: | 0.017160 | |
| MA100: | 0.014191 | |
| MAexp7: | 0.030676 | |
| MAexp20: | 0.029558 | |
| MAexp50: | 0.027513 | |
| MAexp100: | 0.025387 | |
| Price / MA7: | +29.22% | |
| Price / MA20: | +59.92% | |
| Price / MA50: | +80.59% | |
| Price / MA100: | +118.38% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +4.84% | |
| Price / MAexp50: | +12.64% | |
| Price / MAexp100: | +22.07% |
Quotes :
2021-01-06 17:30:26
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Real time data
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