VECHAIN - VET/USD - 1H - Technical analysis published on 07/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Neutral between 0.065033 USD and 0.067560 USD
My targets
-
My analysis
The strong short-term decrease on VECHAIN - VET/USD is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 0.065033 USD, you could take advantage of the short-term boom. The first bearish objective would be 0.065033 USD. Then the price could move towards 0.059500 USD. Then 0.054997 USD by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 0.067560 USD could be a sign of a recovery in the basic bullish trend.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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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
VECHAIN - VET/USD rating 0.066200 USD. The price registered a decrease of -2.36% on the session and was traded between 0.065910 USD and 0.069290 USD over the period. The price is currently at +0.44% from its lowest and -4.46% from its highest.0.065910
0.069290
0.066200
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 this 1H chart of VECHAIN - VET/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that there could be a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
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
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.054997 | 0.059500 | 0.065033 | 0.066200 | 0.067560 | 0.068900 | 0.070490 |
| Change (%) | -16.92% | -10.12% | -1.76% | - | +2.05% | +4.08% | +6.48% |
| Change | -0.011203 | -0.006700 | -0.001167 | - | +0.001360 | +0.002700 | +0.004290 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.060183 | 0.062147 | 0.064973 | 0.066937 | 0.069763 | 0.071727 | 0.074553 |
| Camarilla | 0.066483 | 0.066922 | 0.067361 | 0.067800 | 0.068239 | 0.068678 | 0.069117 |
| Woodie | 0.060615 | 0.062363 | 0.065405 | 0.067153 | 0.070195 | 0.071943 | 0.074985 |
| Fibonacci | 0.062147 | 0.063976 | 0.065107 | 0.066937 | 0.068766 | 0.069897 | 0.071727 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.044100 | 0.053800 | 0.059600 | 0.069300 | 0.075100 | 0.084800 | 0.090600 |
| Camarilla | 0.061138 | 0.062558 | 0.063979 | 0.065400 | 0.066821 | 0.068242 | 0.069663 |
| Woodie | 0.042150 | 0.052825 | 0.057650 | 0.068325 | 0.073150 | 0.083825 | 0.088650 |
| Fibonacci | 0.053800 | 0.059721 | 0.063379 | 0.069300 | 0.075221 | 0.078879 | 0.084800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.043340 | 0.008340 | 0.049440 | 0.101120 | 0.142220 | 0.193900 | 0.235000 |
| Camarilla | 0.065026 | 0.073530 | 0.082035 | 0.090540 | 0.099045 | 0.107550 | 0.116055 |
| Woodie | -0.048630 | 0.005695 | 0.044150 | 0.098475 | 0.136930 | 0.191255 | 0.229710 |
| Fibonacci | 0.008340 | 0.043782 | 0.065678 | 0.101120 | 0.136562 | 0.158458 | 0.193900 |
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): | 48.66 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -6.118494 | |
| AROON (14): | -49.999998 | |
| DEMA (21): | 0.067659 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.068203 | |
| Elder Ray (13): | -0.000287 | |
| Super Trend (3,10): | 0.065872 | |
| Zig ZAG (10): | 0.066900 | |
| VORTEX (21): | 0.9460 | |
| Stochastique (14,3,5): | 41.12 | |
| TEMA (21): | 0.067119 | |
| Williams %R (14): | -67.75 | |
| Chande Momentum Oscillator (20): | -0.000810 | |
| Repulse (5,40,3): | 0.0391 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0644 | |
| Courbe Coppock: | 2.19 |
| MA7: | 0.064743 | |
| MA20: | 0.072705 | |
| MA50: | 0.087957 | |
| MA100: | 0.131220 | |
| MAexp7: | 0.067262 | |
| MAexp20: | 0.067419 | |
| MAexp50: | 0.066446 | |
| MAexp100: | 0.065541 | |
| Price / MA7: | +2.25% | |
| Price / MA20: | -8.95% | |
| Price / MA50: | -24.74% | |
| Price / MA100: | -49.55% | |
| Price / MAexp7: | -1.58% | |
| Price / MAexp20: | -1.81% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | +1.01% |
Quotes :
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Real time data
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