VECHAIN - VET/USD - 1H - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.004069 USD
My targets
0.004885 USD (+14.81%)
0.006727 USD (+58.10%)
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 0.004069 USD. The buyers” bullish objective is set at 0.004885 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.006727 USD. If there is any crossing, the next objective would be the resistance located at 0.008119 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Vechain - VET/USD price is 0.004255 USD. The price registered an increase of +6.38% on the session with the lowest point at 0.003613 USD and the highest point at 0.004451 USD. The deviation from the price is +17.77% for the low point and -4.40% for the high point.0.003613
0.004451
0.004255
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this Vechain - VET/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, 13 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
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.004255 | 0.004885 | 0.006727 | 0.008119 |
| Change (%) | - | +14.81% | +58.10% | +90.81% |
| Change | - | +0.000630 | +0.002472 | +0.003864 |
| Level | - | 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 | 0.002673 | 0.003143 | 0.003571 | 0.004041 | 0.004469 | 0.004939 | 0.005367 |
| Camarilla | 0.003753 | 0.003835 | 0.003918 | 0.004000 | 0.004082 | 0.004165 | 0.004247 |
| Woodie | 0.002653 | 0.003133 | 0.003551 | 0.004031 | 0.004449 | 0.004929 | 0.005347 |
| Fibonacci | 0.003143 | 0.003486 | 0.003698 | 0.004041 | 0.004384 | 0.004596 | 0.004939 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002671 | 0.003094 | 0.003370 | 0.003793 | 0.004069 | 0.004492 | 0.004768 |
| Camarilla | 0.003455 | 0.003519 | 0.003583 | 0.003647 | 0.003711 | 0.003775 | 0.003839 |
| Woodie | 0.002599 | 0.003057 | 0.003298 | 0.003756 | 0.003997 | 0.004455 | 0.004696 |
| Fibonacci | 0.003094 | 0.003361 | 0.003526 | 0.003793 | 0.004060 | 0.004225 | 0.004492 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001362 | 0.002681 | 0.003344 | 0.004663 | 0.005326 | 0.006645 | 0.007308 |
| Camarilla | 0.003462 | 0.003644 | 0.003825 | 0.004007 | 0.004189 | 0.004370 | 0.004552 |
| Woodie | 0.001034 | 0.002517 | 0.003016 | 0.004499 | 0.004998 | 0.006481 | 0.006980 |
| Fibonacci | 0.002681 | 0.003438 | 0.003906 | 0.004663 | 0.005420 | 0.005888 | 0.006645 |
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): | 56.12 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -6.012144 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.004218 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003625 | |
| Elder Ray (13): | 0.000081 | |
| Super Trend (3,10): | 0.004483 | |
| Zig ZAG (10): | 0.004202 | |
| VORTEX (21): | 1.0694 | |
| Stochastique (14,3,5): | 65.87 | |
| TEMA (21): | 0.004206 | |
| Williams %R (14): | -32.22 | |
| Chande Momentum Oscillator (20): | 0.000202 | |
| Repulse (5,40,3): | -1.5504 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3226 | |
| Courbe Coppock: | 6.94 |
| MA7: | 0.003796 | |
| MA20: | 0.003947 | |
| MA50: | 0.004498 | |
| MA100: | 0.005721 | |
| MAexp7: | 0.004163 | |
| MAexp20: | 0.004122 | |
| MAexp50: | 0.004004 | |
| MAexp100: | 0.003967 | |
| Price / MA7: | +12.09% | |
| Price / MA20: | +7.80% | |
| Price / MA50: | -5.40% | |
| Price / MA100: | -25.62% | |
| Price / MAexp7: | +2.21% | |
| Price / MAexp20: | +3.23% | |
| Price / MAexp50: | +6.27% | |
| Price / MAexp100: | +7.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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