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

VECHAIN - VET/USD - 1H - Technical analysis published on 02/01/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.054540 USD
My targets
0.055841 USD (+1.49%)
0.057700 USD (+4.87%)
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 0.054540 USD. The next resistance located at 0.055841 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 0.057700 USD. After this resistance, buyers could then target 0.059092 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.

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
7.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The VECHAIN - VET/USD price is 0.055022 USD. On the day, this instrument gained +2.73% and was between 0.053149 USD and 0.055773 USD. This implies that the price is at +3.52% from its lowest and at -1.35% from its highest.

0.053149
0.055773
0.055022

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.050497 0.052843 0.054540 0.055022 0.055841 0.057700 0.059092
Change (%) -8.22% -3.96% -0.88% - +1.49% +4.87% +7.40%
Change -0.004525 -0.002179 -0.000482 - +0.000819 +0.002678 +0.004070
Level Intermediate Intermediate Minor - Major Major 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
Standard0.0474450.0489620.0512620.0527790.0550790.0565960.058896
Camarilla0.0525120.0528620.0532120.0535620.0539120.0542620.054612
Woodie0.0478370.0491580.0516540.0529750.0554710.0567920.059288
Fibonacci0.0489620.0504200.0513210.0527790.0542370.0551380.056596


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0302110.0369680.0455790.0523360.0609470.0677040.076315
Camarilla0.0499650.0513740.0527820.0541910.0556000.0570090.058417
Woodie0.0311390.0374320.0465070.0528000.0618750.0681680.077243
Fibonacci0.0369680.0428380.0464650.0523360.0582060.0618330.067704


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0190070.0123590.0329600.0643260.0849270.1162930.136894
Camarilla0.0392710.0440350.0487980.0535620.0583260.0630890.067853
Woodie-0.0243890.0096680.0275790.0616350.0795460.1136020.131513
Fibonacci0.0123590.0322100.0444740.0643260.0841770.0964410.116293

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): 67.34
MACD (12,26,9): 0.0005
Directional Movement: 5.860127
AROON (14): 50.000000
DEMA (21): 0.054876
Parabolic SAR (0,02-0,02-0,2): 0.055728
Elder Ray (13): 0.000624
Super Trend (3,10): 0.052010
Zig ZAG (10): 0.055321
VORTEX (21): 1.0958
Stochastique (14,3,5): 69.54
TEMA (21): 0.055208
Williams %R (14): -40.40
Chande Momentum Oscillator (20): 0.001095
Repulse (5,40,3): 2.2662
ROCnROLL: 1
TRIX (15,9): 0.1299
Courbe Coppock: 4.03
MA7: 0.053639
MA20: 0.062273
MA50: 0.075390
MA100: 0.102133
MAexp7: 0.054854
MAexp20: 0.054230
MAexp50: 0.053696
MAexp100: 0.053433
Price / MA7: +2.58%
Price / MA20: -11.64%
Price / MA50: -27.02%
Price / MA100: -46.13%
Price / MAexp7: +0.31%
Price / MAexp20: +1.46%
Price / MAexp50: +2.47%
Price / MAexp100: +2.97%

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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