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 09/15/2021 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.086410 USD
My targets
0.150727 USD (+29.05%)
0.212807 USD (+82.20%)
My analysis
A bullish trend on VECHAIN - VET/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.086410 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.150727 USD. Then the price could move towards 0.212807 USD. Then 0.254300 USD by extension. Be careful, a return below 0.086410 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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
4.8

This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily
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.

Additional analysis

Quotes

VECHAIN - VET/USD rating 0.116800 USD. Over 5 days, this instrument lost -1.35% with the lowest point at 0.110500 USD and the highest point at 0.127000 USD. The deviation from the price is +5.70% for the low point and -8.03% for the high point.

0.110500
0.127000
0.116800

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

Technical


Technical analysis of VECHAIN - VET/USD in Weekly shows an overall bullish trend. 67.86% 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 scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with 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



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

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

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.008762 0.057700 0.086410 0.116800 0.254300
Change (%) -92.50% -50.60% -26.02% - +117.72%
Change -0.108038 -0.059100 -0.030390 - +0.137500
Level Minor Major Intermediate - Major



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
Standard0.1068670.1093330.1133670.1158330.1198670.1223330.126367
Camarilla0.1156130.1162080.1168040.1174000.1179960.1185920.119188
Woodie0.1076500.1097250.1141500.1162250.1206500.1227250.127150
Fibonacci0.1093330.1118160.1133500.1158330.1183160.1198500.122333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0440670.0750330.0952670.1262330.1464670.1774330.197667
Camarilla0.1014200.1061130.1108070.1155000.1201930.1248870.129580
Woodie0.0387000.0723500.0899000.1235500.1411000.1747500.192300
Fibonacci0.0750330.0945920.1066750.1262330.1457920.1578750.177433


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0265670.0543930.0886470.1164730.1507270.1785530.212807
Camarilla0.1058280.1115190.1172090.1229000.1285910.1342810.139972
Woodie0.0297800.0560000.0918600.1180800.1539400.1801600.216020
Fibonacci0.0543930.0781080.0927590.1164730.1401880.1548390.178553

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): 52.91
MACD (12,26,9): 0.0094
Directional Movement: 9.762076
AROON (14): 49.999997
DEMA (21): 0.123351
Parabolic SAR (0,02-0,02-0,2): 0.061908
Elder Ray (13): 0.002960
Super Trend (3,10): 0.186726
Zig ZAG (10): 0.117300
VORTEX (21): 0.9723
Stochastique (14,3,5): 70.20
TEMA (21): 0.118120
Williams %R (14): -39.92
Chande Momentum Oscillator (20): 0.042800
Repulse (5,40,3): -9.5196
ROCnROLL: 1
TRIX (15,9): 1.4391
Courbe Coppock: 15.74
MA7: 0.116814
MA20: 0.127195
MA50: 0.115724
MA100: 0.100300
MAexp7: 0.118235
MAexp20: 0.109554
MAexp50: 0.091338
MAexp100: 0.177087
Price / MA7: -0.01%
Price / MA20: -8.17%
Price / MA50: +0.93%
Price / MA100: +16.45%
Price / MAexp7: -1.21%
Price / MAexp20: +6.61%
Price / MAexp50: +27.88%
Price / MAexp100: -34.04%

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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