VECHAIN - VET/USD - 1H - Technical analysis published on 05/31/2023 (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:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 0.020740 USD
My targets
0.021525 USD (+2.26%)
0.022859 USD (+8.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.020740 USD. The buyers' bullish objective is set at 0.021525 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.022859 USD. If there is any crossing, the next objective would be the resistance located at 0.024656 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD price is 0.021050 USD. The price registered an increase of +1.26% on the session with the lowest point at 0.020890 USD and the highest point at 0.021050 USD. The deviation from the price is +0.77% for the low point and 0% for the high point.0.020890
0.021050
0.021050
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 | 0.020125 | 0.020505 | 0.020740 | 0.021050 | 0.022859 | 0.024656 | 0.026447 |
| Change (%) | -4.39% | -2.59% | -1.47% | - | +8.59% | +17.13% | +25.64% |
| Change | -0.000925 | -0.000545 | -0.000310 | - | +0.001809 | +0.003606 | +0.005397 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019266 | 0.019727 | 0.020257 | 0.020718 | 0.021248 | 0.021709 | 0.022239 |
| Camarilla | 0.020516 | 0.020606 | 0.020697 | 0.020788 | 0.020879 | 0.020970 | 0.021061 |
| Woodie | 0.019302 | 0.019744 | 0.020293 | 0.020735 | 0.021284 | 0.021726 | 0.022275 |
| Fibonacci | 0.019727 | 0.020105 | 0.020339 | 0.020718 | 0.021096 | 0.021330 | 0.021709 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017207 | 0.017895 | 0.019022 | 0.019710 | 0.020837 | 0.021525 | 0.022652 |
| Camarilla | 0.019649 | 0.019815 | 0.019982 | 0.020148 | 0.020314 | 0.020481 | 0.020647 |
| Woodie | 0.017426 | 0.018005 | 0.019241 | 0.019820 | 0.021056 | 0.021635 | 0.022871 |
| Fibonacci | 0.017895 | 0.018589 | 0.019017 | 0.019710 | 0.020404 | 0.020832 | 0.021525 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014062 | 0.017590 | 0.019767 | 0.023295 | 0.025472 | 0.029000 | 0.031177 |
| Camarilla | 0.020376 | 0.020899 | 0.021422 | 0.021945 | 0.022468 | 0.022991 | 0.023514 |
| Woodie | 0.013388 | 0.017252 | 0.019093 | 0.022957 | 0.024798 | 0.028662 | 0.030503 |
| Fibonacci | 0.017590 | 0.019769 | 0.021115 | 0.023295 | 0.025474 | 0.026820 | 0.029000 |
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): | 54.60 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 0.687809 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.021001 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.020568 | |
| Elder Ray (13): | 0.000029 | |
| Super Trend (3,10): | 0.019750 | |
| Zig ZAG (10): | 0.020950 | |
| VORTEX (21): | 1.0270 | |
| Stochastique (14,3,5): | 67.99 | |
| TEMA (21): | 0.021050 | |
| Williams %R (14): | -16.12 | |
| Chande Momentum Oscillator (20): | 0.000308 | |
| Repulse (5,40,3): | 1.4903 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0910 | |
| Courbe Coppock: | 2.09 |
| MA7: | 0.020005 | |
| MA20: | 0.019535 | |
| MA50: | 0.021394 | |
| MA100: | 0.022928 | |
| MAexp7: | 0.020971 | |
| MAexp20: | 0.020836 | |
| MAexp50: | 0.020606 | |
| MAexp100: | 0.020302 | |
| Price / MA7: | +5.22% | |
| Price / MA20: | +7.76% | |
| Price / MA50: | -1.61% | |
| Price / MA100: | -8.19% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.03% | |
| Price / MAexp50: | +2.15% | |
| Price / MAexp100: | +3.68% |
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.
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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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