VITE - VITE/USDT - 1H - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.012590 USDT
My targets
0.011842 USDT (-2.21%)
0.011480 USDT (-5.20%)
My analysis
VITE - VITE/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.012590 USDT. The next support located at 0.011842 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.011480 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.3
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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
VITE - VITE/USDT rating 0.012110 USDT. The price registered an increase of -2.18% on the session and was traded between 0.012000 USDT and 0.012680 USDT over the period. The price is currently at +0.92% from its lowest and -4.50% from its highest.0.012000
0.012680
0.012110
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this VITE - VITE/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.011480 | 0.011842 | 0.012050 | 0.012110 | 0.012590 | 0.012853 | 0.013190 |
| Change (%) | -5.20% | -2.21% | -0.50% | - | +3.96% | +6.14% | +8.92% |
| Change | -0.000630 | -0.000268 | -0.000060 | - | +0.000480 | +0.000743 | +0.001080 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 0.011907 | 0.012033 | 0.012207 | 0.012333 | 0.012507 | 0.012633 | 0.012807 |
| Camarilla | 0.012298 | 0.012325 | 0.012353 | 0.012380 | 0.012408 | 0.012435 | 0.012463 |
| Woodie | 0.011930 | 0.012045 | 0.012230 | 0.012345 | 0.012530 | 0.012645 | 0.012830 |
| Fibonacci | 0.012033 | 0.012148 | 0.012219 | 0.012333 | 0.012448 | 0.012519 | 0.012633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009833 | 0.010837 | 0.011493 | 0.012497 | 0.013153 | 0.014157 | 0.014813 |
| Camarilla | 0.011694 | 0.011846 | 0.011998 | 0.012150 | 0.012302 | 0.012454 | 0.012607 |
| Woodie | 0.009660 | 0.010750 | 0.011320 | 0.012410 | 0.012980 | 0.014070 | 0.014640 |
| Fibonacci | 0.010837 | 0.011471 | 0.011863 | 0.012497 | 0.013131 | 0.013523 | 0.014157 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004293 | 0.007257 | 0.009063 | 0.012027 | 0.013833 | 0.016797 | 0.018603 |
| Camarilla | 0.009558 | 0.009996 | 0.010433 | 0.010870 | 0.011307 | 0.011745 | 0.012182 |
| Woodie | 0.003715 | 0.006968 | 0.008485 | 0.011738 | 0.013255 | 0.016508 | 0.018025 |
| Fibonacci | 0.007257 | 0.009079 | 0.010205 | 0.012027 | 0.013849 | 0.014975 | 0.016797 |
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): | 42.50 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 1.631077 | |
| AROON (14): | -85.714283 | |
| DEMA (21): | 0.012219 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.012573 | |
| Elder Ray (13): | -0.000108 | |
| Super Trend (3,10): | 0.012491 | |
| Zig ZAG (10): | 0.012190 | |
| VORTEX (21): | 0.8426 | |
| Stochastique (14,3,5): | 20.59 | |
| TEMA (21): | 0.012210 | |
| Williams %R (14): | -72.06 | |
| Chande Momentum Oscillator (20): | -0.000360 | |
| Repulse (5,40,3): | -0.2615 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0610 | |
| Courbe Coppock: | 3.30 |
| MA7: | 0.012410 | |
| MA20: | 0.011861 | |
| MA50: | - | |
| MA100: | - | |
| MAexp7: | 0.012226 | |
| MAexp20: | 0.012310 | |
| MAexp50: | 0.012424 | |
| MAexp100: | 0.012452 | |
| Price / MA7: | -2.42% | |
| Price / MA20: | +2.10% | |
| Price / MA50: | - | |
| Price / MA100: | - | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -2.53% | |
| Price / MAexp100: | -2.75% |
This member declared not having a position on this financial instrument or a related financial instrument.
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