VECHAIN - VET/USD - 1H - Technical analysis published on 07/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.020015 USD
My targets
0.020907 USD (+2.18%)
0.022886 USD (+11.85%)
My analysis
VECHAIN - VET/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.020015 USD. The next resistance located at 0.020907 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.022886 USD. After this resistance, buyers could then target 0.026447 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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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 rating is 0.020461 USD. The price has increased by +1.55% since the last closing with the lowest point at 0.020146 USD and the highest point at 0.020464 USD. The deviation from the price is +1.56% for the low point and -0.01% for the high point.0.020146
0.020464
0.020461
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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.
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 | 0.019139 | 0.020015 | 0.020373 | 0.020461 | 0.020907 | 0.022886 | 0.026447 |
| Change (%) | -6.46% | -2.18% | -0.43% | - | +2.18% | +11.85% | +29.26% |
| Change | -0.001322 | -0.000446 | -0.000088 | - | +0.000446 | +0.002425 | +0.005986 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 0.013635 | 0.015068 | 0.017608 | 0.019041 | 0.021581 | 0.023014 | 0.025554 |
| Camarilla | 0.019056 | 0.019421 | 0.019785 | 0.020149 | 0.020513 | 0.020877 | 0.021242 |
| Woodie | 0.014190 | 0.015345 | 0.018163 | 0.019318 | 0.022136 | 0.023291 | 0.026109 |
| Fibonacci | 0.015068 | 0.016585 | 0.017523 | 0.019041 | 0.020558 | 0.021496 | 0.023014 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012237 | 0.014504 | 0.016640 | 0.018907 | 0.021043 | 0.023310 | 0.025446 |
| Camarilla | 0.017566 | 0.017970 | 0.018373 | 0.018777 | 0.019181 | 0.019584 | 0.019988 |
| Woodie | 0.012173 | 0.014471 | 0.016576 | 0.018874 | 0.020979 | 0.023277 | 0.025382 |
| Fibonacci | 0.014504 | 0.016186 | 0.017225 | 0.018907 | 0.020589 | 0.021628 | 0.023310 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.008942 | 0.011451 | 0.015477 | 0.017986 | 0.022012 | 0.024521 | 0.028547 |
| Camarilla | 0.017707 | 0.018306 | 0.018905 | 0.019504 | 0.020103 | 0.020702 | 0.021301 |
| Woodie | 0.009702 | 0.011830 | 0.016237 | 0.018365 | 0.022772 | 0.024900 | 0.029307 |
| Fibonacci | 0.011451 | 0.013947 | 0.015489 | 0.017986 | 0.020482 | 0.022024 | 0.024521 |
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): | 59.33 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -4.615693 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.019814 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018063 | |
| Elder Ray (13): | 0.000462 | |
| Super Trend (3,10): | 0.017881 | |
| Zig ZAG (10): | 0.020098 | |
| VORTEX (21): | 1.0627 | |
| Stochastique (14,3,5): | 90.93 | |
| TEMA (21): | 0.020045 | |
| Williams %R (14): | -7.98 | |
| Chande Momentum Oscillator (20): | 0.000853 | |
| Repulse (5,40,3): | -0.5529 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1522 | |
| Courbe Coppock: | 9.40 |
| MA7: | 0.018882 | |
| MA20: | 0.018963 | |
| MA50: | 0.018213 | |
| MA100: | 0.020063 | |
| MAexp7: | 0.019956 | |
| MAexp20: | 0.019444 | |
| MAexp50: | 0.019108 | |
| MAexp100: | 0.018946 | |
| Price / MA7: | +8.36% | |
| Price / MA20: | +7.90% | |
| Price / MA50: | +12.34% | |
| Price / MA100: | +1.98% | |
| Price / MAexp7: | +2.53% | |
| Price / MAexp20: | +5.23% | |
| Price / MAexp50: | +7.08% | |
| Price / MAexp100: | +8.00% |
Quotes :
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Real time data
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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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