VECHAIN - VET/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	VETUSDT
ISIN:

VECHAIN - VET/USDT - Daily - Technical analysis published on 08/03/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 0.025530 USDT

My targets

0.033300 USDT (+11.93%)

0.037990 USDT (+27.70%)

My analysis

The current short-term bullish acceleration on VECHAIN - VET/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.025530 USDT. Short-term buyers will use the resistance located at 0.033300 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.037990 USDT. Crossing this resistance would then open the door for buyers to target 0.044593 USDT. Caution, if there is a return to under 0.025530 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.3

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 MichaelAI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VECHAIN - VET/USDT price is 0.029750 USDT. The price registered an increase of +7.09% on the session with the lowest point at 0.027120 USDT and the highest point at 0.029940 USDT. The deviation from the price is +9.70% for the low point and -0.63% for the high point.

0.027120

0.029940

0.029750

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this VECHAIN - VET/USDT chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish 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:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.021608	0.029750	0.044593	0.067700	0.085189
Change (%)	-27.37%	-	+49.89%	+127.56%	+186.35%
Change	-0.008142	-	+0.014843	+0.037950	+0.055439
Level	Major	-	Intermediate	Minor	Intermediate

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	0.023210	0.024720	0.026250	0.027760	0.029290	0.030800	0.032330
Camarilla	0.026944	0.027223	0.027501	0.027780	0.028059	0.028337	0.028616
Woodie	0.023220	0.024725	0.026260	0.027765	0.029300	0.030805	0.032340
Fibonacci	0.024720	0.025881	0.026599	0.027760	0.028921	0.029639	0.030800

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.017760	0.020140	0.023760	0.026140	0.029760	0.032140	0.035760
Camarilla	0.025730	0.026280	0.026830	0.027380	0.027930	0.028480	0.029030
Woodie	0.018380	0.020450	0.024380	0.026450	0.030380	0.032450	0.036380
Fibonacci	0.020140	0.022432	0.023848	0.026140	0.028432	0.029848	0.032140

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.014680	0.017760	0.022450	0.025530	0.030220	0.033300	0.037990
Camarilla	0.025003	0.025716	0.026428	0.027140	0.027852	0.028565	0.029277
Woodie	0.015485	0.018163	0.023255	0.025933	0.031025	0.033703	0.038795
Fibonacci	0.017760	0.020728	0.022562	0.025530	0.028498	0.030332	0.033300

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.83
MACD (12,26,9):	0.0011
Directional Movement:	18.709524
AROON (14):	57.142857
DEMA (21):	0.027108
Parabolic SAR (0,02-0,02-0,2):	0.023985
Elder Ray (13):	0.001906
Super Trend (3,10):	0.023026
Zig ZAG (10):	0.029690
VORTEX (21):	1.1773
Stochastique (14,3,5):	86.25
TEMA (21):	0.028437
Williams %R (14):	-3.23
Chande Momentum Oscillator (20):	0.004420
Repulse (5,40,3):	10.8931
ROCnROLL:	1
TRIX (15,9):	0.3751
Courbe Coppock:	23.42

MA7:	0.027529
MA20:	0.025567
MA50:	0.024236
MA100:	0.029761
MAexp7:	0.027573
MAexp20:	0.025983
MAexp50:	0.026405
MAexp100:	0.032197
Price / MA7:	+8.07%
Price / MA20:	+16.36%
Price / MA50:	+22.75%
Price / MA100:	-0.04%
Price / MAexp7:	+7.90%
Price / MAexp20:	+14.50%
Price / MAexp50:	+12.67%
Price / MAexp100:	-7.60%

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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