VECHAIN - VET/USD - Daily - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.006323 USD
My targets
0.007749 USD (+7.34%)
0.008202 USD (+13.62%)
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 0.006323 USD. The next resistance located at 0.007749 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 0.008202 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.8
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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 rating is 0.007219 USD. The price has increased by +4.29% since the last closing and was between 0.006734 USD and 0.007261 USD. This implies that the price is at +7.20% from its lowest and at -0.58% from its highest.0.006734
0.007261
0.007219
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
Technical analysis of this Daily chart of VECHAIN - VET/USD indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.003748 | 0.005118 | 0.006323 | 0.007219 | 0.007749 | 0.008202 |
| Change (%) | -48.08% | -29.10% | -12.41% | - | +7.34% | +13.62% |
| Change | -0.003471 | -0.002101 | -0.000896 | - | +0.000530 | +0.000983 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 0.006218 | 0.006379 | 0.006651 | 0.006812 | 0.007084 | 0.007245 | 0.007517 |
| Camarilla | 0.006803 | 0.006843 | 0.006882 | 0.006922 | 0.006962 | 0.007001 | 0.007041 |
| Woodie | 0.006273 | 0.006407 | 0.006706 | 0.006840 | 0.007139 | 0.007273 | 0.007572 |
| Fibonacci | 0.006379 | 0.006545 | 0.006647 | 0.006812 | 0.006978 | 0.007080 | 0.007245 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004483 | 0.005378 | 0.006005 | 0.006900 | 0.007527 | 0.008422 | 0.009049 |
| Camarilla | 0.006212 | 0.006352 | 0.006492 | 0.006631 | 0.006771 | 0.006910 | 0.007050 |
| Woodie | 0.004348 | 0.005311 | 0.005870 | 0.006833 | 0.007392 | 0.008355 | 0.008914 |
| Fibonacci | 0.005378 | 0.005960 | 0.006319 | 0.006900 | 0.007482 | 0.007841 | 0.008422 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003509 | 0.004299 | 0.004993 | 0.005783 | 0.006477 | 0.007267 | 0.007961 |
| Camarilla | 0.005279 | 0.005415 | 0.005551 | 0.005687 | 0.005823 | 0.005959 | 0.006095 |
| Woodie | 0.003461 | 0.004275 | 0.004945 | 0.005759 | 0.006429 | 0.007243 | 0.007913 |
| Fibonacci | 0.004299 | 0.004866 | 0.005216 | 0.005783 | 0.006350 | 0.006700 | 0.007267 |
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): | 56.76 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 4.769760 | |
| AROON (14): | -21.428570 | |
| DEMA (21): | 0.007095 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007683 | |
| Elder Ray (13): | 0.000090 | |
| Super Trend (3,10): | 0.006291 | |
| Zig ZAG (10): | 0.007222 | |
| VORTEX (21): | 1.0431 | |
| Stochastique (14,3,5): | 30.62 | |
| TEMA (21): | 0.007034 | |
| Williams %R (14): | -55.41 | |
| Chande Momentum Oscillator (20): | -0.000235 | |
| Repulse (5,40,3): | 6.8916 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5726 | |
| Courbe Coppock: | 1.18 |
| MA7: | 0.006790 | |
| MA20: | 0.007004 | |
| MA50: | 0.006274 | |
| MA100: | 0.006208 | |
| MAexp7: | 0.006914 | |
| MAexp20: | 0.006835 | |
| MAexp50: | 0.006460 | |
| MAexp100: | 0.006080 | |
| Price / MA7: | +6.32% | |
| Price / MA20: | +3.07% | |
| Price / MA50: | +15.06% | |
| Price / MA100: | +16.29% | |
| Price / MAexp7: | +4.41% | |
| Price / MAexp20: | +5.62% | |
| Price / MAexp50: | +11.75% | |
| Price / MAexp100: | +18.73% |
This member declared not having a position on this financial instrument or a related financial instrument.
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