VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 05/19/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.115600 USD

My targets

0.093240 USD (-12.94%)

0.067700 USD (-36.79%)

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 0.115600 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 0.093240 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.067700 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.054997 USD. Beware of a possible return to above the resistance located at 0.115600 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by andyfabel. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VECHAIN - VET/USD rating is 0.107100 USD. The price registered a decrease of -33.85% on the session with the lowest point at 0.070570 USD and the highest point at 0.164400 USD. The deviation from the price is +51.76% for the low point and -34.85% for the high point.

0.070570

0.164400

0.107100

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

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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 several results that can have an impact on the price change:

Near support of triangle

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.008934	0.054997	0.093240	0.107100	0.167900	0.188300	0.233900
Change (%)	-91.66%	-48.65%	-12.94%	-	+56.77%	+75.82%	+118.39%
Change	-0.098166	-0.052103	-0.013860	-	+0.060800	+0.081200	+0.126800
Level	Major	Minor	Intermediate	-	Major	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	0.139667	0.148033	0.154967	0.163333	0.170267	0.178633	0.185567
Camarilla	0.157693	0.159095	0.160498	0.161900	0.163303	0.164705	0.166108
Woodie	0.138950	0.147675	0.154250	0.162975	0.169550	0.178275	0.184850
Fibonacci	0.148033	0.153878	0.157489	0.163333	0.169178	0.172789	0.178633

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.067700	0.115600	0.143800	0.191700	0.219900	0.267800	0.296000
Camarilla	0.151073	0.158048	0.165024	0.172000	0.178976	0.185952	0.192928
Woodie	0.057850	0.110675	0.133950	0.186775	0.210050	0.262875	0.286150
Fibonacci	0.115600	0.144670	0.162630	0.191700	0.220770	0.238730	0.267800

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	33.81
MACD (12,26,9):	-0.0091
Directional Movement:	-27.804083
AROON (14):	-85.714286
DEMA (21):	0.174547
Parabolic SAR (0,02-0,02-0,2):	0.240466
Elder Ray (13):	-0.057037
Super Trend (3,10):	0.218557
Zig ZAG (10):	0.128200
VORTEX (21):	0.8004
Stochastique (14,3,5):	15.43
TEMA (21):	0.153682
Williams %R (14):	-74.40
Chande Momentum Oscillator (20):	-0.114000
Repulse (5,40,3):	-48.2999
ROCnROLL:	2
TRIX (15,9):	0.1286
Courbe Coppock:	45.31

MA7:	0.163371
MA20:	0.194215
MA50:	0.175156
MA100:	0.118677
MAexp7:	0.157491
MAexp20:	0.182480
MAexp50:	0.168308
MAexp100:	0.132981
Price / MA7:	-34.44%
Price / MA20:	-44.85%
Price / MA50:	-38.85%
Price / MA100:	-9.76%
Price / MAexp7:	-32.00%
Price / MAexp20:	-41.31%
Price / MAexp50:	-36.37%
Price / MAexp100:	-19.46%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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