VECHAIN - VET/USD
VECHAIN - VET/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: VETUSD
ISIN:

VECHAIN - VET/USD - Weekly - Technical analysis published on 05/25/2021 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.107393 USD
My targets
0.193097 USD (+75.54%)
0.254300 USD (+131.18%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.107393 USD. The buyers' bullish objective is set at 0.193097 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.254300 USD. If there is any crossing, the next objective would be the resistance located at 2.290000 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.1

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 cryptowolf. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The VECHAIN - VET/USD rating is 0.110000 USD. The price is up +3.68% over 5 days and was traded between 0.065810 USD and 0.139700 USD over the period. The price is currently at +67.15% from its lowest point and -21.26% from its highest point.

0.065810
0.139700
0.110000

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of this Weekly chart of VECHAIN - VET/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Weekly


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Weekly


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Weekly



In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : Weekly




ProTrendLines
S1
R1
R2
Price


S1PriceR1R2
ProTrendLines 0.008934 0.110000 0.254300 2.290000
Change (%) -91.88% - +131.18% +1,981.82%
Change -0.101066 - +0.144300 +2.180000
Level Major - Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0601670.0728530.0925270.1052130.1248870.1375730.157247
Camarilla0.1033010.1062670.1092340.1122000.1151660.1181330.121099
Woodie0.0636600.0746000.0960200.1069600.1283800.1393200.160740
Fibonacci0.0728530.0852150.0928520.1052130.1175750.1252120.137573


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.072843-0.0011370.0492870.1209930.1714170.2431230.293547
Camarilla0.0661240.0773200.0885150.0997100.1109050.1221010.133296
Woodie-0.083485-0.0064580.0386450.1156730.1607750.2378030.282905
Fibonacci-0.0011370.0455170.0743400.1209930.1676470.1964700.243123


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0718170.0138870.1073930.1930970.2866030.3723070.465813
Camarilla0.1516170.1680450.1844720.2009000.2173280.2337550.250183
Woodie-0.0679150.0158380.1112950.1950480.2905050.3742580.469715
Fibonacci0.0138870.0823450.1246380.1930970.2615550.3038480.372307

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.67
MACD (12,26,9): 0.0346
Directional Movement: 8.538166
AROON (14): 50.000000
DEMA (21): 0.156253
Parabolic SAR (0,02-0,02-0,2): 0.274635
Elder Ray (13): -0.037577
Super Trend (3,10): 0.264722
Zig ZAG (10): 0.111400
VORTEX (21): 1.0519
Stochastique (14,3,5): 38.04
TEMA (21): 0.172570
Williams %R (14): -69.97
Chande Momentum Oscillator (20): 0.055700
Repulse (5,40,3): -45.4198
ROCnROLL: -1
TRIX (15,9): 10.8097
Courbe Coppock: 690.66
MA7: 0.107746
MA20: 0.164076
MA50: 0.176596
MA100: 0.122167
MAexp7: 0.142735
MAexp20: 0.112045
MAexp50: 0.079076
MAexp100: 0.204747
Price / MA7: +2.09%
Price / MA20: -32.96%
Price / MA50: -37.71%
Price / MA100: -9.96%
Price / MAexp7: -22.93%
Price / MAexp20: -1.83%
Price / MAexp50: +39.11%
Price / MAexp100: -46.28%

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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