VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - 1H - Technical analysis published on 04/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 0.042666 USD

My targets

0.039602 USD (-3.29%)

0.037856 USD (-7.56%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VECHAIN - VET/USD as long as the price remains well below 0.042666 USD. The sellers' bearish objective is set at 0.039602 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.037856 USD. In case of crossing, the next objective would be the support located at 0.026421 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

VECHAIN - VET/USD rating 0.040950 USD. The price is lower by -0.19% since the last closing with the lowest point at 0.039740 USD and the highest point at 0.043332 USD. The deviation from the price is +3.04% for the low point and -5.50% for the high point.

0.039740

0.043332

0.040950

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Abnormal volumes on VECHAIN - VET/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this VECHAIN - VET/USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.026421	0.037856	0.039602	0.040950	0.042666	0.044016	0.045401
Change (%)	-35.48%	-7.56%	-3.29%	-	+4.19%	+7.49%	+10.87%
Change	-0.014529	-0.003094	-0.001348	-	+0.001716	+0.003066	+0.004451
Level	Major	Major	Intermediate	-	Intermediate	Minor	Minor

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	0.033935	0.036768	0.038899	0.041732	0.043863	0.046696	0.048827
Camarilla	0.039664	0.040119	0.040574	0.041029	0.041484	0.041939	0.042394
Woodie	0.033583	0.036593	0.038547	0.041557	0.043511	0.046521	0.048475
Fibonacci	0.036768	0.038665	0.039836	0.041732	0.043629	0.044800	0.046696

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.033017	0.036654	0.040954	0.044591	0.048891	0.052528	0.056828
Camarilla	0.043072	0.043800	0.044527	0.045255	0.045983	0.046710	0.047438
Woodie	0.033350	0.036820	0.041287	0.044757	0.049224	0.052694	0.057161
Fibonacci	0.036654	0.039686	0.041559	0.044591	0.047623	0.049496	0.052528

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.020511	0.028486	0.037288	0.045263	0.054065	0.062040	0.070842
Camarilla	0.041476	0.043014	0.044552	0.046090	0.047628	0.049166	0.050704
Woodie	0.020925	0.028693	0.037702	0.045470	0.054479	0.062247	0.071256
Fibonacci	0.028486	0.034895	0.038854	0.045263	0.051672	0.055631	0.062040

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	41.24
MACD (12,26,9):	-0.0004
Directional Movement:	-10.733110
AROON (14):	-92.857143
DEMA (21):	0.041025
Parabolic SAR (0,02-0,02-0,2):	0.041598
Elder Ray (13):	-0.000674
Super Trend (3,10):	0.043880
Zig ZAG (10):	0.040911
VORTEX (21):	1.0188
Stochastique (14,3,5):	21.79
TEMA (21):	0.040938
Williams %R (14):	-72.87
Chande Momentum Oscillator (20):	-0.001458
Repulse (5,40,3):	2.5392
ROCnROLL:	2
TRIX (15,9):	-0.0606
Courbe Coppock:	7.17

MA7:	0.044428
MA20:	0.042906
MA50:	0.045230
MA100:	0.037835
MAexp7:	0.040993
MAexp20:	0.041430
MAexp50:	0.042108
MAexp100:	0.043009
Price / MA7:	-7.83%
Price / MA20:	-4.56%
Price / MA50:	-9.46%
Price / MA100:	+8.23%
Price / MAexp7:	-0.10%
Price / MAexp20:	-1.16%
Price / MAexp50:	-2.75%
Price / MAexp100:	-4.79%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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