VECHAIN - VET/USD - 1H - Technical analysis published on 05/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.029984 USD
My targets
0.031906 USD (+2.26%)
0.033404 USD (+7.06%)
My analysis
The strong short-term increase of VECHAIN - VET/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.029984 USD, a purchase could be considered. The first bullish objective is located at 0.031906 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.033404 USD. If there is any crossing, the next objective would be the resistance at 0.040179 USD. Caution, if there is a return under 0.029984 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
4.6
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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 0.031200 USD. On the day, this instrument gained +6.65% with the lowest point at 0.028087 USD and the highest point at 0.031699 USD. The deviation from the price is +11.08% for the low point and -1.57% for the high point.0.028087
0.031699
0.031200
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied 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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.026062 | 0.028514 | 0.029984 | 0.031200 | 0.031906 | 0.033404 | 0.040179 |
| Change (%) | -16.47% | -8.61% | -3.90% | - | +2.26% | +7.06% | +28.78% |
| Change | -0.005138 | -0.002686 | -0.001216 | - | +0.000706 | +0.002204 | +0.008979 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 0.023279 | 0.026109 | 0.027681 | 0.030511 | 0.032083 | 0.034913 | 0.036485 |
| Camarilla | 0.028044 | 0.028447 | 0.028851 | 0.029254 | 0.029658 | 0.030061 | 0.030465 |
| Woodie | 0.022651 | 0.025795 | 0.027053 | 0.030197 | 0.031455 | 0.034599 | 0.035857 |
| Fibonacci | 0.026109 | 0.027790 | 0.028829 | 0.030511 | 0.032192 | 0.033231 | 0.034913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001934 | 0.010598 | 0.021224 | 0.033756 | 0.044382 | 0.056914 | 0.067540 |
| Camarilla | 0.025482 | 0.027604 | 0.029727 | 0.031850 | 0.033973 | 0.036096 | 0.038219 |
| Woodie | -0.002887 | 0.010122 | 0.020271 | 0.033280 | 0.043429 | 0.056438 | 0.066587 |
| Fibonacci | 0.010598 | 0.019444 | 0.024910 | 0.033756 | 0.042602 | 0.048068 | 0.056914 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.007408 | 0.018486 | 0.032027 | 0.057921 | 0.071462 | 0.097356 | 0.110897 |
| Camarilla | 0.034722 | 0.038337 | 0.041952 | 0.045567 | 0.049182 | 0.052797 | 0.056412 |
| Woodie | -0.013586 | 0.015398 | 0.025850 | 0.054833 | 0.065285 | 0.094268 | 0.104720 |
| Fibonacci | 0.018486 | 0.033551 | 0.042857 | 0.057921 | 0.072986 | 0.082292 | 0.097356 |
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): | 57.23 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 10.829212 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.030168 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029393 | |
| Elder Ray (13): | 0.000962 | |
| Super Trend (3,10): | 0.031416 | |
| Zig ZAG (10): | 0.031287 | |
| VORTEX (21): | 1.0541 | |
| Stochastique (14,3,5): | 87.70 | |
| TEMA (21): | 0.030600 | |
| Williams %R (14): | -14.87 | |
| Chande Momentum Oscillator (20): | 0.001609 | |
| Repulse (5,40,3): | 1.5602 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1045 | |
| Courbe Coppock: | 8.15 |
| MA7: | 0.031429 | |
| MA20: | 0.039067 | |
| MA50: | 0.053650 | |
| MA100: | 0.053620 | |
| MAexp7: | 0.030586 | |
| MAexp20: | 0.030184 | |
| MAexp50: | 0.030495 | |
| MAexp100: | 0.031046 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -20.14% | |
| Price / MA50: | -41.85% | |
| Price / MA100: | -41.81% | |
| Price / MAexp7: | +2.01% | |
| Price / MAexp20: | +3.37% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +0.50% |
Quotes :
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Real time data
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