VECHAIN - VET/USD - 1H - Technical analysis published on 11/15/2021 (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
67%
6%
28%
My opinion
Bullish above 0.167700 USD
My targets
0.176449 USD (+4.44%)
0.182922 USD (+8.27%)
My analysis
The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.167700 USD, you could try to benefit from the boom. The first bullish objective is located at 0.176449 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.182922 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, 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VECHAIN - VET/USD rating 0.168948 USD. The price registered an increase of +4.47% on the session and was traded between 0.161379 USD and 0.177390 USD over the period. The price is currently at +4.69% from its lowest and -4.76% from its highest.0.161379
0.177390
0.168948
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.154100 | 0.158732 | 0.167700 | 0.168948 | 0.176449 | 0.182922 | 0.188300 |
| Change (%) | -8.79% | -6.05% | -0.74% | - | +4.44% | +8.27% | +11.45% |
| Change | -0.014848 | -0.010216 | -0.001248 | - | +0.007501 | +0.013974 | +0.019352 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.147955 | 0.150928 | 0.156326 | 0.159299 | 0.164697 | 0.167670 | 0.173068 |
| Camarilla | 0.159423 | 0.160190 | 0.160958 | 0.161725 | 0.162492 | 0.163260 | 0.164027 |
| Woodie | 0.149169 | 0.151534 | 0.157540 | 0.159905 | 0.165911 | 0.168276 | 0.174282 |
| Fibonacci | 0.150928 | 0.154125 | 0.156101 | 0.159299 | 0.162496 | 0.164472 | 0.167670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.105200 | 0.127330 | 0.143685 | 0.165815 | 0.182170 | 0.204300 | 0.220655 |
| Camarilla | 0.149457 | 0.152984 | 0.156512 | 0.160040 | 0.163568 | 0.167096 | 0.170623 |
| Woodie | 0.102313 | 0.125886 | 0.140798 | 0.164371 | 0.179283 | 0.202856 | 0.217768 |
| Fibonacci | 0.127330 | 0.142031 | 0.151114 | 0.165815 | 0.180516 | 0.189599 | 0.204300 |
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): | 68.66 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | 20.917655 | |
| AROON (14): | 64.285717 | |
| DEMA (21): | 0.172032 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.177226 | |
| Elder Ray (13): | 0.003342 | |
| Super Trend (3,10): | 0.165045 | |
| Zig ZAG (10): | 0.172879 | |
| VORTEX (21): | 1.2859 | |
| Stochastique (14,3,5): | 68.05 | |
| TEMA (21): | 0.174489 | |
| Williams %R (14): | -27.41 | |
| Chande Momentum Oscillator (20): | 0.009692 | |
| Repulse (5,40,3): | 1.2536 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2788 | |
| Courbe Coppock: | 12.95 |
| MA7: | 0.164662 | |
| MA20: | 0.151188 | |
| MA50: | 0.129375 | |
| MA100: | 0.124175 | |
| MAexp7: | 0.171700 | |
| MAexp20: | 0.167719 | |
| MAexp50: | 0.163965 | |
| MAexp100: | 0.163164 | |
| Price / MA7: | +2.60% | |
| Price / MA20: | +11.75% | |
| Price / MA50: | +30.59% | |
| Price / MA100: | +36.06% | |
| Price / MAexp7: | -1.60% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +3.04% | |
| Price / MAexp100: | +3.54% |
Quotes :
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Real time data
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