BLOCKV - VEE/USD - Daily - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.005500 USD
My targets
0.004045 USD (-18.62%)
0.003956 USD (-20.42%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BLOCKV - VEE/USD as long as the price remains well below 0.005500 USD. The next bearish objective for sellers is set at 0.004045 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.003956 USD. In case of crossing, the next objective would be the support located at 0.002602 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.004045 USD. With this support, against the trend traders who want to buy BLOCKV - VEE/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.1
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
BLOCKV - VEE/USD rating 0.004971 USD. The price registered a decrease of -5.58% on the session and was between 0.004960 USD and 0.005308 USD. This implies that the price is at +0.22% from its lowest and at -6.35% from its highest.0.004960
0.005308
0.004971
Here is a more detailed summary of the historical variations registered by BLOCKV - VEE/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BLOCKV - VEE/USD in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 0.001123 | 0.002602 | 0.003956 | 0.004971 | 0.005500 | 0.006740 | 0.007730 |
| Change (%) | -77.41% | -47.66% | -20.42% | - | +10.64% | +35.59% | +55.50% |
| Change | -0.003848 | -0.002369 | -0.001015 | - | +0.000529 | +0.001769 | +0.002759 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004886 | 0.005048 | 0.005157 | 0.005319 | 0.005428 | 0.005590 | 0.005699 |
| Camarilla | 0.005191 | 0.005215 | 0.005240 | 0.005265 | 0.005290 | 0.005315 | 0.005340 |
| Woodie | 0.004859 | 0.005035 | 0.005130 | 0.005306 | 0.005401 | 0.005577 | 0.005672 |
| Fibonacci | 0.005048 | 0.005152 | 0.005216 | 0.005319 | 0.005423 | 0.005487 | 0.005590 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003335 | 0.004218 | 0.004999 | 0.005882 | 0.006663 | 0.007546 | 0.008327 |
| Camarilla | 0.005321 | 0.005474 | 0.005627 | 0.005779 | 0.005932 | 0.006084 | 0.006237 |
| Woodie | 0.003283 | 0.004193 | 0.004947 | 0.005857 | 0.006611 | 0.007521 | 0.008275 |
| Fibonacci | 0.004218 | 0.004854 | 0.005247 | 0.005882 | 0.006518 | 0.006911 | 0.007546 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000580 | 0.001348 | 0.004045 | 0.005973 | 0.008670 | 0.010598 | 0.013295 |
| Camarilla | 0.005471 | 0.005895 | 0.006319 | 0.006743 | 0.007167 | 0.007591 | 0.008015 |
| Woodie | -0.000195 | 0.001540 | 0.004431 | 0.006165 | 0.009056 | 0.010790 | 0.013681 |
| Fibonacci | 0.001348 | 0.003114 | 0.004206 | 0.005973 | 0.007739 | 0.008831 | 0.010598 |
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): | 42.87 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.531813 | |
| AROON (14): | -85.714287 | |
| DEMA (21): | 0.005633 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006536 | |
| Elder Ray (13): | -0.000448 | |
| Super Trend (3,10): | 0.004013 | |
| Zig ZAG (10): | 0.004971 | |
| VORTEX (21): | 0.9427 | |
| Stochastique (14,3,5): | 13.57 | |
| TEMA (21): | 0.005239 | |
| Williams %R (14): | -96.66 | |
| Chande Momentum Oscillator (20): | -0.000969 | |
| Repulse (5,40,3): | -10.9571 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1405 | |
| Courbe Coppock: | 33.83 |
| MA7: | 0.005384 | |
| MA20: | 0.006010 | |
| MA50: | 0.005647 | |
| MA100: | 0.003958 | |
| MAexp7: | 0.005377 | |
| MAexp20: | 0.005673 | |
| MAexp50: | 0.005299 | |
| MAexp100: | 0.004412 | |
| Price / MA7: | -7.67% | |
| Price / MA20: | -17.29% | |
| Price / MA50: | -11.97% | |
| Price / MA100: | +25.59% | |
| Price / MAexp7: | -7.55% | |
| Price / MAexp20: | -12.37% | |
| Price / MAexp50: | -6.19% | |
| Price / MAexp100: | +12.67% |
Quotes :
-
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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