VECHAIN - VET/USD - 1H - Technical analysis published on 11/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.162544 USD
My targets
0.176776 USD (+7.69%)
0.188300 USD (+14.71%)
My analysis
The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.162544 USD, you could try to benefit from the boom. The first bullish objective is located at 0.176776 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.188300 USD as an objective. Crossing it would then enable buyers to target 0.215400 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, 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
8
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD rating is 0.164146 USD. On the day, this instrument gained +7.71% and was between 0.145087 USD and 0.164493 USD. This implies that the price is at +13.14% from its lowest and at -0.21% from its highest.0.145087
0.164493
0.164146
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of VECHAIN - VET/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.143525 | 0.149947 | 0.154100 | 0.164146 | 0.188300 | 0.215400 | 0.233900 |
| Change (%) | -12.56% | -8.65% | -6.12% | - | +14.71% | +31.22% | +42.50% |
| Change | -0.020621 | -0.014199 | -0.010046 | - | +0.024154 | +0.051254 | +0.069754 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | 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 | 0.121591 | 0.128274 | 0.140334 | 0.147017 | 0.159077 | 0.165760 | 0.177820 |
| Camarilla | 0.147240 | 0.148958 | 0.150676 | 0.152394 | 0.154112 | 0.155830 | 0.157548 |
| Woodie | 0.124280 | 0.129618 | 0.143023 | 0.148361 | 0.161766 | 0.167104 | 0.180509 |
| Fibonacci | 0.128274 | 0.135434 | 0.139857 | 0.147017 | 0.154177 | 0.158600 | 0.165760 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086056 | 0.102064 | 0.116296 | 0.132304 | 0.146536 | 0.162544 | 0.176776 |
| Camarilla | 0.122213 | 0.124985 | 0.127757 | 0.130529 | 0.133301 | 0.136073 | 0.138845 |
| Woodie | 0.085169 | 0.101620 | 0.115409 | 0.131860 | 0.145649 | 0.162100 | 0.175889 |
| Fibonacci | 0.102064 | 0.113615 | 0.120752 | 0.132304 | 0.143855 | 0.150992 | 0.162544 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049385 | 0.072327 | 0.102426 | 0.125368 | 0.155467 | 0.178409 | 0.208508 |
| Camarilla | 0.117938 | 0.122800 | 0.127662 | 0.132524 | 0.137386 | 0.142248 | 0.147110 |
| Woodie | 0.052963 | 0.074116 | 0.106004 | 0.127157 | 0.159045 | 0.180198 | 0.212086 |
| Fibonacci | 0.072327 | 0.092589 | 0.105107 | 0.125368 | 0.145630 | 0.158148 | 0.178409 |
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): | 64.83 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | 10.081095 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.150663 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.154048 | |
| Elder Ray (13): | 0.003398 | |
| Super Trend (3,10): | 0.141528 | |
| Zig ZAG (10): | 0.153807 | |
| VORTEX (21): | 1.0746 | |
| Stochastique (14,3,5): | 77.46 | |
| TEMA (21): | 0.151327 | |
| Williams %R (14): | -11.85 | |
| Chande Momentum Oscillator (20): | 0.004540 | |
| Repulse (5,40,3): | 3.0878 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2076 | |
| Courbe Coppock: | 4.17 |
| MA7: | 0.140254 | |
| MA20: | 0.133158 | |
| MA50: | 0.116101 | |
| MA100: | 0.116634 | |
| MAexp7: | 0.150059 | |
| MAexp20: | 0.147767 | |
| MAexp50: | 0.144156 | |
| MAexp100: | 0.141011 | |
| Price / MA7: | +17.03% | |
| Price / MA20: | +23.27% | |
| Price / MA50: | +41.38% | |
| Price / MA100: | +40.74% | |
| Price / MAexp7: | +9.39% | |
| Price / MAexp20: | +11.08% | |
| Price / MAexp50: | +13.87% | |
| Price / MAexp100: | +16.41% |
Quotes :
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Real time data
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