VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 11/05/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.154100 USD

My targets

0.178409 USD (+9.51%)

0.188300 USD (+15.58%)

My analysis

VECHAIN - VET/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.154100 USD. The next resistance located at 0.178409 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.188300 USD. After this resistance, buyers could then target 0.215400 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

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 baltbach. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

VECHAIN - VET/USD rating 0.162916 USD. On the day, this instrument gained +6.90% and was traded between 0.145087 USD and 0.164493 USD over the period. The price is currently at +12.29% from its lowest and -0.96% from its highest.

0.145087

0.164493

0.162916

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 Daily of this VECHAIN - VET/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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 channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.106133	0.124603	0.154100	0.162916	0.188300	0.215400	0.233900
Change (%)	-34.85%	-23.52%	-5.41%	-	+15.58%	+32.22%	+43.57%
Change	-0.056783	-0.038313	-0.008816	-	+0.025384	+0.052484	+0.070984
Level	Minor	Intermediate	Intermediate	-	Minor	Minor	Intermediate

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
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):	66.64
MACD (12,26,9):	0.0080
Directional Movement:	13.152346
AROON (14):	64.285713
DEMA (21):	0.143725
Parabolic SAR (0,02-0,02-0,2):	0.118784
Elder Ray (13):	0.011947
Super Trend (3,10):	0.115733
Zig ZAG (10):	0.153807
VORTEX (21):	1.1385
Stochastique (14,3,5):	84.95
TEMA (21):	0.147668
Williams %R (14):	-3.18
Chande Momentum Oscillator (20):	0.021741
Repulse (5,40,3):	14.2746
ROCnROLL:	1
TRIX (15,9):	0.8229
Courbe Coppock:	23.30

MA7:	0.140254
MA20:	0.133158
MA50:	0.116101
MA100:	0.116634
MAexp7:	0.143012
MAexp20:	0.133882
MAexp50:	0.123822
MAexp100:	0.117475
Price / MA7:	+16.16%
Price / MA20:	+22.35%
Price / MA50:	+40.32%
Price / MA100:	+39.68%
Price / MAexp7:	+13.92%
Price / MAexp20:	+21.69%
Price / MAexp50:	+31.57%
Price / MAexp100:	+38.68%

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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