VECHAIN - VET/USD
VECHAIN - VET/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 10/14/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.104800 USD
My targets
0.132943 USD (+10.86%)
0.154100 USD (+28.50%)
My analysis
The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.104800 USD, you could try to benefit from the boom. The first bullish objective is located at 0.132943 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.154100 USD as an objective. Crossing it would then enable buyers to target 0.188300 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

Complete this analysis for another time unit:
15 min. 1H Weekly
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

The VECHAIN - VET/USD rating is 0.119924 USD. The price has increased by +5.20% since the last closing with the lowest point at 0.118501 USD and the highest point at 0.122972 USD. The deviation from the price is +1.20% for the low point and -2.48% for the high point.

0.118501
0.122972
0.119924

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of VECHAIN - VET/USD in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.057700 0.086410 0.104800 0.119924 0.132943 0.154100 0.188300
Change (%) -51.89% -27.95% -12.61% - +10.86% +28.50% +57.02%
Change -0.062224 -0.033514 -0.015124 - +0.013019 +0.034176 +0.068376
Level Major Intermediate Intermediate - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0964670.1005330.1072670.1113330.1180670.1221330.128867
Camarilla0.1110300.1120200.1130100.1140000.1149900.1159800.116970
Woodie0.0978000.1012000.1086000.1120000.1194000.1228000.130200
Fibonacci0.1005330.1046590.1072080.1113330.1154590.1180080.122133


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0892670.0968330.1079670.1155330.1266670.1342330.145367
Camarilla0.1139580.1156720.1173860.1191000.1208140.1225280.124243
Woodie0.0910500.0977250.1097500.1164250.1284500.1351250.147150
Fibonacci0.0968330.1039770.1083900.1155330.1226770.1270900.134233


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0095270.0360370.0660730.1116370.1416730.1872370.217273
Camarilla0.0753200.0822500.0891800.0961100.1030400.1099700.116900
Woodie-0.0172900.0321550.0583100.1077550.1339100.1833550.209510
Fibonacci0.0360370.0649160.0827580.1116370.1405160.1583580.187237

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): 58.57
MACD (12,26,9): 0.0019
Directional Movement: 8.920011
AROON (14): 64.285713
DEMA (21): 0.110795
Parabolic SAR (0,02-0,02-0,2): 0.100700
Elder Ray (13): 0.009896
Super Trend (3,10): 0.092704
Zig ZAG (10): 0.120524
VORTEX (21): 1.0876
Stochastique (14,3,5): 75.31
TEMA (21): 0.114416
Williams %R (14): -11.02
Chande Momentum Oscillator (20): 0.009423
Repulse (5,40,3): 4.6388
ROCnROLL: 1
TRIX (15,9): -0.0294
Courbe Coppock: 42.02
MA7: 0.113116
MA20: 0.104978
MA50: 0.113705
MA100: 0.103544
MAexp7: 0.113389
MAexp20: 0.109589
MAexp50: 0.109470
MAexp100: 0.108840
Price / MA7: +6.02%
Price / MA20: +14.24%
Price / MA50: +5.47%
Price / MA100: +15.82%
Price / MAexp7: +5.92%
Price / MAexp20: +9.59%
Price / MAexp50: +9.71%
Price / MAexp100: +10.35%

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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