VECHAIN - VET/USD
VECHAIN - VET/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: VETUSD
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VECHAIN - VET/USD - 1H - Technical analysis published on 07/29/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.081200 USD
My targets
0.086220 USD (+4.64%)
0.091578 USD (+11.14%)
My analysis
The basic bullish trend is very strong on VECHAIN - VET/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.081200 USD. Crossing the first resistance at 0.086220 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.091578 USD as an objective. Crossing it would then enable buyers to target 0.143100 USD. Caution, a return to below 0.081200 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

VECHAIN - VET/USD rating 0.082400 USD. The price registered a decrease of -0.48% on the session with the lowest point at 0.080700 USD and the highest point at 0.083400 USD. The deviation from the price is +2.11% for the low point and -1.20% for the high point.

0.080700
0.083400
0.082400

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in 1H of this VECHAIN - VET/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



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

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.069297 0.074700 0.081200 0.082400 0.086220 0.091578 0.143100
Change (%) -15.90% -9.34% -1.46% - +4.64% +11.14% +73.67%
Change -0.013103 -0.007700 -0.001200 - +0.003820 +0.009178 +0.060700
Level Intermediate Intermediate Intermediate - Intermediate Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0743000.0774000.0801000.0832000.0859000.0890000.091700
Camarilla0.0812050.0817370.0822680.0828000.0833320.0838630.084395
Woodie0.0741000.0773000.0799000.0831000.0857000.0889000.091500
Fibonacci0.0774000.0796160.0809840.0832000.0854160.0867840.089000


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0434670.0497330.0609670.0672330.0784670.0847330.095967
Camarilla0.0673880.0689920.0705960.0722000.0738040.0754080.077013
Woodie0.0459500.0509750.0634500.0684750.0809500.0859750.098450
Fibonacci0.0497330.0564180.0605480.0672330.0739180.0780480.084733


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0025400.0287400.0596400.0909200.1218200.1531000.184000
Camarilla0.0734410.0791400.0848400.0905400.0962400.1019400.107640
Woodie-0.0027300.0286450.0594500.0908250.1216300.1530050.183810
Fibonacci0.0287400.0524930.0671670.0909200.1146730.1293470.153100

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): 51.72
MACD (12,26,9): -0.0001
Directional Movement: -1.143417
AROON (14): 0
DEMA (21): 0.082238
Parabolic SAR (0,02-0,02-0,2): 0.085368
Elder Ray (13): 0.000258
Super Trend (3,10): 0.078860
Zig ZAG (10): 0.082600
VORTEX (21): 0.9233
Stochastique (14,3,5): 67.24
TEMA (21): 0.082041
Williams %R (14): -25.00
Chande Momentum Oscillator (20): -0.000300
Repulse (5,40,3): 0.5555
ROCnROLL: 1
TRIX (15,9): -0.0232
Courbe Coppock: 1.35
MA7: 0.077799
MA20: 0.071975
MA50: 0.082913
MA100: 0.122252
MAexp7: 0.082224
MAexp20: 0.082353
MAexp50: 0.081963
MAexp100: 0.079829
Price / MA7: +5.91%
Price / MA20: +14.48%
Price / MA50: -0.62%
Price / MA100: -32.60%
Price / MAexp7: +0.21%
Price / MAexp20: +0.06%
Price / MAexp50: +0.53%
Price / MAexp100: +3.22%

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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