VECHAIN - VET/USD - 1H - Technical analysis published on 05/20/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.029957 USD
My targets
0.028784 USD (-2.26%)
0.026062 USD (-11.50%)
My analysis
In the short term, we can see an acceleration in the bearish trend on VECHAIN - VET/USD, which is a positive signal for sellers. As long as the price remains above 0.029957 USD, a sale could be considered. The first bearish objective is located at 0.028784 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.026062 USD as an objective. Crossing it would then enable sellers to target 0.023130 USD. If the price were to return above 0.029957 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.9
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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 0.029449 USD. On the day, this instrument lost -6.49% with the lowest point at 0.029154 USD and the highest point at 0.032144 USD. The deviation from the price is +1.01% for the low point and -8.38% for the high point.0.029154
0.032144
0.029449
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
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 0.023130 | 0.026062 | 0.028784 | 0.029449 | 0.029957 | 0.031692 | 0.033425 |
| Change (%) | -21.46% | -11.50% | -2.26% | - | +1.73% | +7.62% | +13.50% |
| Change | -0.006319 | -0.003387 | -0.000665 | - | +0.000508 | +0.002243 | +0.003976 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 0.025542 | 0.026815 | 0.029154 | 0.030427 | 0.032766 | 0.034039 | 0.036378 |
| Camarilla | 0.030501 | 0.030832 | 0.031163 | 0.031494 | 0.031825 | 0.032156 | 0.032487 |
| Woodie | 0.026076 | 0.027082 | 0.029688 | 0.030694 | 0.033300 | 0.034306 | 0.036912 |
| Fibonacci | 0.026815 | 0.028195 | 0.029047 | 0.030427 | 0.031807 | 0.032659 | 0.034039 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.47 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.492961 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.030869 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.031981 | |
| Elder Ray (13): | -0.000865 | |
| Super Trend (3,10): | 0.029243 | |
| Zig ZAG (10): | 0.029945 | |
| VORTEX (21): | 0.9805 | |
| Stochastique (14,3,5): | 4.82 | |
| TEMA (21): | 0.030631 | |
| Williams %R (14): | -99.05 | |
| Chande Momentum Oscillator (20): | -0.001358 | |
| Repulse (5,40,3): | -3.8878 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0795 | |
| Courbe Coppock: | 3.39 |
| MA7: | 0.031350 | |
| MA20: | 0.038294 | |
| MA50: | 0.052691 | |
| MA100: | 0.053252 | |
| MAexp7: | 0.030483 | |
| MAexp20: | 0.030855 | |
| MAexp50: | 0.030814 | |
| MAexp100: | 0.030992 | |
| Price / MA7: | -6.06% | |
| Price / MA20: | -23.10% | |
| Price / MA50: | -44.11% | |
| Price / MA100: | -44.70% | |
| Price / MAexp7: | -3.39% | |
| Price / MAexp20: | -4.56% | |
| Price / MAexp50: | -4.43% | |
| Price / MAexp100: | -4.98% |
Quotes :
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Real time data
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