VECHAIN - VET/USD - 1H - Technical analysis published on 05/10/2021 (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
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.225400 USD
My targets
0.215400 USD (-2.80%)
0.201640 USD (-9.01%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on VECHAIN - VET/USD as long as the price remains well below 0.225400 USD. The next bearish objective for sellers is set at 0.215400 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.201640 USD. In case of crossing, the next objective would be the support located at 0.185100 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.3
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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 price is 0.221600 USD. On the day, this instrument lost -5.26% and was between 0.219200 USD and 0.239600 USD. This implies that the price is at +1.09% from its lowest and at -7.51% from its highest.0.219200
0.239600
0.221600
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 slightly bearish. 53.57% 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 a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.185100 | 0.201640 | 0.215400 | 0.221600 | 0.225400 | 0.235000 | 0.254300 |
| Change (%) | -16.47% | -9.01% | -2.80% | - | +1.71% | +6.05% | +14.76% |
| Change | -0.036500 | -0.019960 | -0.006200 | - | +0.003800 | +0.013400 | +0.032700 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 0.187900 | 0.198500 | 0.216200 | 0.226800 | 0.244500 | 0.255100 | 0.272800 |
| Camarilla | 0.226118 | 0.228712 | 0.231306 | 0.233900 | 0.236494 | 0.239088 | 0.241683 |
| Woodie | 0.191450 | 0.200275 | 0.219750 | 0.228575 | 0.248050 | 0.256875 | 0.276350 |
| Fibonacci | 0.198500 | 0.209311 | 0.215989 | 0.226800 | 0.237611 | 0.244289 | 0.255100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.124300 | 0.154700 | 0.189200 | 0.219600 | 0.254100 | 0.284500 | 0.319000 |
| Camarilla | 0.205853 | 0.211802 | 0.217751 | 0.223700 | 0.229649 | 0.235598 | 0.241548 |
| Woodie | 0.126350 | 0.155725 | 0.191250 | 0.220625 | 0.256150 | 0.285525 | 0.321050 |
| Fibonacci | 0.154700 | 0.179492 | 0.194808 | 0.219600 | 0.244392 | 0.259708 | 0.284500 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.093967 | -0.003833 | 0.098533 | 0.188667 | 0.291033 | 0.381167 | 0.483533 |
| Camarilla | 0.147963 | 0.165608 | 0.183254 | 0.200900 | 0.218546 | 0.236192 | 0.253838 |
| Woodie | -0.087850 | -0.000775 | 0.104650 | 0.191725 | 0.297150 | 0.384225 | 0.489650 |
| Fibonacci | -0.003833 | 0.069702 | 0.115132 | 0.188667 | 0.262202 | 0.307632 | 0.381167 |
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): | 44.08 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -8.824157 | |
| AROON (14): | -78.571428 | |
| DEMA (21): | 0.229404 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.237747 | |
| Elder Ray (13): | -0.006370 | |
| Super Trend (3,10): | 0.218038 | |
| Zig ZAG (10): | 0.224400 | |
| VORTEX (21): | 1.0332 | |
| Stochastique (14,3,5): | 15.26 | |
| TEMA (21): | 0.228907 | |
| Williams %R (14): | -77.61 | |
| Chande Momentum Oscillator (20): | -0.009900 | |
| Repulse (5,40,3): | -0.8717 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1025 | |
| Courbe Coppock: | 1.76 |
| MA7: | 0.217529 | |
| MA20: | 0.205415 | |
| MA50: | 0.160332 | |
| MA100: | 0.106022 | |
| MAexp7: | 0.227056 | |
| MAexp20: | 0.228581 | |
| MAexp50: | 0.227353 | |
| MAexp100: | 0.224167 | |
| Price / MA7: | +1.87% | |
| Price / MA20: | +7.88% | |
| Price / MA50: | +38.21% | |
| Price / MA100: | +109.01% | |
| Price / MAexp7: | -2.40% | |
| Price / MAexp20: | -3.05% | |
| Price / MAexp50: | -2.53% | |
| Price / MAexp100: | -1.15% |
Quotes :
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Real time data
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