VECHAIN - VET/USD - 1H - Technical analysis published on 06/23/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.082740 USD
My targets
0.069250 USD (-11.12%)
0.060020 USD (-22.96%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.082740 USD remains possible. It is advisable to trade VECHAIN - VET/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.082740 USD. The next bearish objective for sellers is set at 0.069250 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.060020 USD. In case of crossing, the next objective would be the support located at 0.054997 USD. PS: if there is a bullish break in the resistance located at 0.082740 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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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 0.077910 USD. The price registered an increase of +8.66% on the session with the lowest point at 0.068020 USD and the highest point at 0.084490 USD. The deviation from the price is +14.54% for the low point and -7.79% for the high point.0.068020
0.084490
0.077910
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 VECHAIN - VET/USD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. 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 under support 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.029729 | 0.054997 | 0.060020 | 0.077910 | 0.086626 | 0.096384 | 0.105560 |
| Change (%) | -61.84% | -29.41% | -22.96% | - | +11.19% | +23.71% | +35.49% |
| Change | -0.048181 | -0.022913 | -0.017890 | - | +0.008716 | +0.018474 | +0.027650 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 0.037593 | 0.048807 | 0.060253 | 0.071467 | 0.082913 | 0.094127 | 0.105573 |
| Camarilla | 0.065469 | 0.067546 | 0.069623 | 0.071700 | 0.073777 | 0.075854 | 0.077932 |
| Woodie | 0.037710 | 0.048865 | 0.060370 | 0.071525 | 0.083030 | 0.094185 | 0.105690 |
| Fibonacci | 0.048807 | 0.057463 | 0.062811 | 0.071467 | 0.080123 | 0.085471 | 0.094127 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.069250 | 0.082740 | 0.089620 | 0.103110 | 0.109990 | 0.123480 | 0.130360 |
| Camarilla | 0.090898 | 0.092766 | 0.094633 | 0.096500 | 0.098367 | 0.100235 | 0.102102 |
| Woodie | 0.065945 | 0.081088 | 0.086315 | 0.101458 | 0.106685 | 0.121828 | 0.127055 |
| Fibonacci | 0.082740 | 0.090521 | 0.095329 | 0.103110 | 0.110891 | 0.115699 | 0.123480 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.139450 | -0.036820 | 0.044740 | 0.147370 | 0.228930 | 0.331560 | 0.413120 |
| Camarilla | 0.075648 | 0.092532 | 0.109416 | 0.126300 | 0.143184 | 0.160068 | 0.176952 |
| Woodie | -0.149985 | -0.042088 | 0.034205 | 0.142103 | 0.218395 | 0.326293 | 0.402585 |
| Fibonacci | -0.036820 | 0.033541 | 0.077009 | 0.147370 | 0.217731 | 0.261199 | 0.331560 |
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): | 59.62 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 14.428783 | |
| AROON (14): | 42.857140 | |
| DEMA (21): | 0.078592 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.070814 | |
| Elder Ray (13): | 0.003945 | |
| Super Trend (3,10): | 0.071053 | |
| Zig ZAG (10): | 0.082030 | |
| VORTEX (21): | 1.1392 | |
| Stochastique (14,3,5): | 90.92 | |
| TEMA (21): | 0.081726 | |
| Williams %R (14): | -14.51 | |
| Chande Momentum Oscillator (20): | 0.008100 | |
| Repulse (5,40,3): | 1.3053 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0157 | |
| Courbe Coppock: | 19.47 |
| MA7: | 0.089944 | |
| MA20: | 0.106361 | |
| MA50: | 0.134075 | |
| MA100: | 0.138774 | |
| MAexp7: | 0.080593 | |
| MAexp20: | 0.077899 | |
| MAexp50: | 0.079918 | |
| MAexp100: | 0.085759 | |
| Price / MA7: | -13.38% | |
| Price / MA20: | -26.75% | |
| Price / MA50: | -41.89% | |
| Price / MA100: | -43.86% | |
| Price / MAexp7: | -3.33% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -2.51% | |
| Price / MAexp100: | -9.15% |
Quotes :
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Real time data
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