VECHAIN - VET/USD - 1H - Technical analysis published on 07/06/2022 (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:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.022642 USD
My targets
0.023646 USD (+1.28%)
0.024559 USD (+5.19%)
My analysis
The bullish trend is currently very strong on VECHAIN - VET/USD. As long as the price remains above the support at 0.022642 USD, you could try to benefit from the boom. The first bullish objective is located at 0.023646 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.024559 USD as an objective. Crossing it would then enable buyers to target 0.025506 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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
The VECHAIN - VET/USD price is 0.023347 USD. The price registered an increase of +2.35% on the session and was traded between 0.022179 USD and 0.023564 USD over the period. The price is currently at +5.27% from its lowest and -0.92% from its highest.0.022179
0.023564
0.023347
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.021520 | 0.022316 | 0.022642 | 0.023347 | 0.023646 | 0.024559 | 0.025506 |
| Change (%) | -7.83% | -4.42% | -3.02% | - | +1.28% | +5.19% | +9.25% |
| Change | -0.001827 | -0.001031 | -0.000705 | - | +0.000299 | +0.001212 | +0.002159 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020035 | 0.020922 | 0.021866 | 0.022753 | 0.023697 | 0.024584 | 0.025528 |
| Camarilla | 0.022307 | 0.022474 | 0.022642 | 0.022810 | 0.022978 | 0.023146 | 0.023314 |
| Woodie | 0.020064 | 0.020936 | 0.021895 | 0.022767 | 0.023726 | 0.024598 | 0.025557 |
| Fibonacci | 0.020922 | 0.021621 | 0.022054 | 0.022753 | 0.023452 | 0.023885 | 0.024584 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014382 | 0.017794 | 0.020048 | 0.023460 | 0.025714 | 0.029126 | 0.031380 |
| Camarilla | 0.020743 | 0.021262 | 0.021782 | 0.022301 | 0.022820 | 0.023340 | 0.023859 |
| Woodie | 0.013802 | 0.017505 | 0.019468 | 0.023171 | 0.025134 | 0.028837 | 0.030800 |
| Fibonacci | 0.017794 | 0.019959 | 0.021296 | 0.023460 | 0.025625 | 0.026962 | 0.029126 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002948 | 0.011450 | 0.017129 | 0.025631 | 0.031310 | 0.039812 | 0.045491 |
| Camarilla | 0.018908 | 0.020208 | 0.021508 | 0.022808 | 0.024108 | 0.025408 | 0.026708 |
| Woodie | 0.001537 | 0.010744 | 0.015718 | 0.024925 | 0.029899 | 0.039106 | 0.044080 |
| Fibonacci | 0.011450 | 0.016867 | 0.020214 | 0.025631 | 0.031048 | 0.034395 | 0.039812 |
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): | 58.63 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 4.927383 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.023213 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.022583 | |
| Elder Ray (13): | 0.000135 | |
| Super Trend (3,10): | 0.023490 | |
| Zig ZAG (10): | 0.023122 | |
| VORTEX (21): | 1.0505 | |
| Stochastique (14,3,5): | 82.58 | |
| TEMA (21): | 0.023324 | |
| Williams %R (14): | -31.19 | |
| Chande Momentum Oscillator (20): | 0.000791 | |
| Repulse (5,40,3): | 0.2594 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0753 | |
| Courbe Coppock: | 4.98 |
| MA7: | 0.022764 | |
| MA20: | 0.023393 | |
| MA50: | 0.027122 | |
| MA100: | 0.041353 | |
| MAexp7: | 0.023215 | |
| MAexp20: | 0.023049 | |
| MAexp50: | 0.022855 | |
| MAexp100: | 0.022765 | |
| Price / MA7: | +2.56% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -13.92% | |
| Price / MA100: | -43.54% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.29% | |
| Price / MAexp50: | +2.15% | |
| Price / MAexp100: | +2.56% |
Quotes :
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Real time data
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