VECHAIN - VET/USD - 1H - Technical analysis published on 10/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.023117 USD
My targets
0.023992 USD (+1.68%)
0.024300 USD (+2.99%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.023117 USD. The buyers' bullish objective is set at 0.023992 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.024300 USD. If there is any crossing, the next objective would be the resistance located at 0.033172 USD.
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
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VECHAIN - VET/USD rating 0.023595 USD. The price registered an increase of +2.14% on the session with the lowest point at 0.022936 USD and the highest point at 0.023617 USD. The deviation from the price is +2.87% for the low point and -0.09% for the high point.0.022936
0.023617
0.023595
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.022569 | 0.022752 | 0.023117 | 0.023595 | 0.023608 | 0.023992 | 0.024300 |
| Change (%) | -4.35% | -3.57% | -2.03% | - | +0.06% | +1.68% | +2.99% |
| Change | -0.001026 | -0.000843 | -0.000478 | - | +0.000013 | +0.000397 | +0.000705 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 0.022188 | 0.022498 | 0.022799 | 0.023109 | 0.023410 | 0.023720 | 0.024021 |
| Camarilla | 0.022932 | 0.022988 | 0.023044 | 0.023100 | 0.023156 | 0.023212 | 0.023268 |
| Woodie | 0.022184 | 0.022496 | 0.022795 | 0.023107 | 0.023406 | 0.023718 | 0.024017 |
| Fibonacci | 0.022498 | 0.022731 | 0.022876 | 0.023109 | 0.023342 | 0.023487 | 0.023720 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019832 | 0.021050 | 0.021983 | 0.023201 | 0.024134 | 0.025352 | 0.026285 |
| Camarilla | 0.022324 | 0.022521 | 0.022718 | 0.022915 | 0.023112 | 0.023309 | 0.023507 |
| Woodie | 0.019689 | 0.020979 | 0.021840 | 0.023130 | 0.023991 | 0.025281 | 0.026142 |
| Fibonacci | 0.021050 | 0.021872 | 0.022380 | 0.023201 | 0.024023 | 0.024531 | 0.025352 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015540 | 0.018492 | 0.020746 | 0.023698 | 0.025952 | 0.028904 | 0.031158 |
| Camarilla | 0.021568 | 0.022046 | 0.022523 | 0.023000 | 0.023477 | 0.023954 | 0.024432 |
| Woodie | 0.015191 | 0.018318 | 0.020397 | 0.023524 | 0.025603 | 0.028730 | 0.030809 |
| Fibonacci | 0.018492 | 0.020481 | 0.021709 | 0.023698 | 0.025687 | 0.026915 | 0.028904 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.50 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 20.129136 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.023243 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.022911 | |
| Elder Ray (13): | 0.000339 | |
| Super Trend (3,10): | 0.023622 | |
| Zig ZAG (10): | 0.023604 | |
| VORTEX (21): | 1.0554 | |
| Stochastique (14,3,5): | 69.39 | |
| TEMA (21): | 0.023341 | |
| Williams %R (14): | -27.92 | |
| Chande Momentum Oscillator (20): | 0.000204 | |
| Repulse (5,40,3): | 1.4690 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0147 | |
| Courbe Coppock: | 0.87 |
| MA7: | 0.023459 | |
| MA20: | 0.023073 | |
| MA50: | 0.023901 | |
| MA100: | 0.025300 | |
| MAexp7: | 0.023307 | |
| MAexp20: | 0.023195 | |
| MAexp50: | 0.023185 | |
| MAexp100: | 0.023264 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +2.26% | |
| Price / MA50: | -1.28% | |
| Price / MA100: | -6.74% | |
| Price / MAexp7: | +1.24% | |
| Price / MAexp20: | +1.72% | |
| Price / MAexp50: | +1.77% | |
| Price / MAexp100: | +1.42% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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