VECHAIN - VET/USD - 1H - Technical analysis published on 11/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.136664 USD
My targets
0.127330 USD (-4.86%)
0.123500 USD (-7.73%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VECHAIN - VET/USD. As long as you are under the resistance located at 0.136664 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.127330 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.123500 USD as an objective. Crossing it would then enable sellers to target 0.116273 USD. If the resistance 0.136664 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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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
The VECHAIN - VET/USD rating is 0.133840 USD. On the day, this instrument gained +3.93% with the lowest point at 0.125316 USD and the highest point at 0.136000 USD. The deviation from the price is +6.80% for the low point and -1.59% for the high point.0.125316
0.136000
0.133840
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Technical
Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 0.081800 | 0.116273 | 0.123500 | 0.133840 | 0.136664 | 0.154100 | 0.163675 |
| Change (%) | -38.88% | -13.13% | -7.73% | - | +2.11% | +15.14% | +22.29% |
| Change | -0.052040 | -0.017567 | -0.010340 | - | +0.002824 | +0.020260 | +0.029835 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.095655 | 0.109577 | 0.119180 | 0.133102 | 0.142705 | 0.156627 | 0.166230 |
| Camarilla | 0.122313 | 0.124469 | 0.126626 | 0.128782 | 0.130939 | 0.133095 | 0.135251 |
| Woodie | 0.093495 | 0.108497 | 0.117020 | 0.132022 | 0.140545 | 0.155547 | 0.164070 |
| Fibonacci | 0.109577 | 0.118564 | 0.124116 | 0.133102 | 0.142089 | 0.147641 | 0.156627 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.11 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -1.654324 | |
| AROON (14): | 64.285712 | |
| DEMA (21): | 0.131609 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.127245 | |
| Elder Ray (13): | 0.001628 | |
| Super Trend (3,10): | 0.137511 | |
| Zig ZAG (10): | 0.134134 | |
| VORTEX (21): | 1.1442 | |
| Stochastique (14,3,5): | 90.76 | |
| TEMA (21): | 0.133777 | |
| Williams %R (14): | -9.87 | |
| Chande Momentum Oscillator (20): | 0.006176 | |
| Repulse (5,40,3): | 2.0727 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1619 | |
| Courbe Coppock: | 4.96 |
| MA7: | 0.148317 | |
| MA20: | 0.152171 | |
| MA50: | 0.133259 | |
| MA100: | 0.125365 | |
| MAexp7: | 0.133420 | |
| MAexp20: | 0.132770 | |
| MAexp50: | 0.136229 | |
| MAexp100: | 0.142385 | |
| Price / MA7: | -9.76% | |
| Price / MA20: | -12.05% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +6.76% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -6.00% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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