VECHAIN - VET/USD - 1H - Technical analysis published on 08/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 0.108100 USD
My targets
0.098307 USD (-6.20%)
0.097200 USD (-7.25%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on VECHAIN - VET/USD as long as the price remains well below 0.108100 USD. The next bearish objective for sellers is set at 0.098307 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.097200 USD. In case of crossing, the next objective would be the support located at 0.091578 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1
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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 0.104800 USD. On the day, this instrument lost -5.93% with the lowest point at 0.104800 USD and the highest point at 0.116700 USD. The deviation from the price is 0% for the low point and -10.20% for the high point.0.104800
0.116700
0.104800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a slightly bearish trend. 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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.085610 | 0.091578 | 0.097200 | 0.104800 | 0.108100 | 0.113400 | 0.117500 |
| Change (%) | -18.31% | -12.62% | -7.25% | - | +3.15% | +8.21% | +12.12% |
| Change | -0.019190 | -0.013222 | -0.007600 | - | +0.003300 | +0.008600 | +0.012700 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.094767 | 0.100533 | 0.105967 | 0.111733 | 0.117167 | 0.122933 | 0.128367 |
| Camarilla | 0.108320 | 0.109347 | 0.110373 | 0.111400 | 0.112427 | 0.113453 | 0.114480 |
| Woodie | 0.094600 | 0.100450 | 0.105800 | 0.111650 | 0.117000 | 0.122850 | 0.128200 |
| Fibonacci | 0.100533 | 0.104812 | 0.107455 | 0.111733 | 0.116012 | 0.118655 | 0.122933 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.060833 | 0.071527 | 0.087613 | 0.098307 | 0.114393 | 0.125087 | 0.141173 |
| Camarilla | 0.096336 | 0.098790 | 0.101245 | 0.103700 | 0.106155 | 0.108610 | 0.111065 |
| Woodie | 0.063530 | 0.072875 | 0.090310 | 0.099655 | 0.117090 | 0.126435 | 0.143870 |
| Fibonacci | 0.071527 | 0.081757 | 0.088077 | 0.098307 | 0.108537 | 0.114857 | 0.125087 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031653 | 0.043827 | 0.066613 | 0.078787 | 0.101573 | 0.113747 | 0.136533 |
| Camarilla | 0.079786 | 0.082991 | 0.086195 | 0.089400 | 0.092605 | 0.095809 | 0.099014 |
| Woodie | 0.036960 | 0.046480 | 0.071920 | 0.081440 | 0.106880 | 0.116400 | 0.141840 |
| Fibonacci | 0.043827 | 0.057181 | 0.065432 | 0.078787 | 0.092141 | 0.100392 | 0.113747 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.48 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.625344 | |
| AROON (14): | -21.428570 | |
| DEMA (21): | 0.112851 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.115082 | |
| Elder Ray (13): | 0.000057 | |
| Super Trend (3,10): | 0.115113 | |
| Zig ZAG (10): | 0.112000 | |
| VORTEX (21): | 1.0026 | |
| Stochastique (14,3,5): | 43.56 | |
| TEMA (21): | 0.111757 | |
| Williams %R (14): | -58.02 | |
| Chande Momentum Oscillator (20): | 0.000600 | |
| Repulse (5,40,3): | 0.0029 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0742 | |
| Courbe Coppock: | 4.78 |
| MA7: | 0.104829 | |
| MA20: | 0.090740 | |
| MA50: | 0.081927 | |
| MA100: | 0.108005 | |
| MAexp7: | 0.111340 | |
| MAexp20: | 0.112397 | |
| MAexp50: | 0.110749 | |
| MAexp100: | 0.107594 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +15.49% | |
| Price / MA50: | +27.92% | |
| Price / MA100: | -2.97% | |
| Price / MAexp7: | -5.87% | |
| Price / MAexp20: | -6.76% | |
| Price / MAexp50: | -5.37% | |
| Price / MAexp100: | -2.60% |
Quotes :
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Real time data
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Cryptocompare
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