VECHAIN - VET/USDT - 1H - Technical analysis published on 09/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.025590 USDT
My targets
0.024773 USDT (-2.00%)
0.023997 USDT (-5.08%)
My analysis
VECHAIN - VET/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 0.025590 USDT. The next support located at 0.024773 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 0.023997 USDT. Below this support, sellers could then target 0.023468 USDT.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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This analysis was given by mickaastrup. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USDT rating is 0.025280 USDT. The price is lower by -1.60% since the last closing and was between 0.024950 USDT and 0.025730 USDT. This implies that the price is at +1.32% from its lowest and at -1.75% from its highest.0.024950
0.025730
0.025280
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
A technical analysis in 1H of this VECHAIN - VET/USDT chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.023468 | 0.023997 | 0.025277 | 0.025280 | 0.025590 | 0.026037 | 0.026540 |
| Change (%) | -7.17% | -5.08% | -0.01% | - | +1.23% | +2.99% | +4.98% |
| Change | -0.001812 | -0.001283 | -0.000003 | - | +0.000310 | +0.000757 | +0.001260 |
| Level | Minor | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023873 | 0.024577 | 0.025133 | 0.025837 | 0.026393 | 0.027097 | 0.027653 |
| Camarilla | 0.025344 | 0.025459 | 0.025575 | 0.025690 | 0.025806 | 0.025921 | 0.026037 |
| Woodie | 0.023800 | 0.024540 | 0.025060 | 0.025800 | 0.026320 | 0.027060 | 0.027580 |
| Fibonacci | 0.024577 | 0.025058 | 0.025355 | 0.025837 | 0.026318 | 0.026615 | 0.027097 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020067 | 0.021323 | 0.023517 | 0.024773 | 0.026967 | 0.028223 | 0.030417 |
| Camarilla | 0.024761 | 0.025078 | 0.025394 | 0.025710 | 0.026026 | 0.026343 | 0.026659 |
| Woodie | 0.020535 | 0.021558 | 0.023985 | 0.025008 | 0.027435 | 0.028458 | 0.030885 |
| Fibonacci | 0.021323 | 0.022641 | 0.023455 | 0.024773 | 0.026091 | 0.026905 | 0.028223 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010103 | 0.016777 | 0.020493 | 0.027167 | 0.030883 | 0.037557 | 0.041273 |
| Camarilla | 0.021353 | 0.022305 | 0.023258 | 0.024210 | 0.025162 | 0.026115 | 0.027067 |
| Woodie | 0.008625 | 0.016038 | 0.019015 | 0.026428 | 0.029405 | 0.036818 | 0.039795 |
| Fibonacci | 0.016777 | 0.020746 | 0.023198 | 0.027167 | 0.031136 | 0.033588 | 0.037557 |
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): | 43.88 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -12.003782 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.025456 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.026037 | |
| Elder Ray (13): | -0.000153 | |
| Super Trend (3,10): | 0.026026 | |
| Zig ZAG (10): | 0.025300 | |
| VORTEX (21): | 0.9261 | |
| Stochastique (14,3,5): | 27.57 | |
| TEMA (21): | 0.025303 | |
| Williams %R (14): | -71.79 | |
| Chande Momentum Oscillator (20): | -0.000280 | |
| Repulse (5,40,3): | 0.0105 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0358 | |
| Courbe Coppock: | 5.21 |
| MA7: | 0.025157 | |
| MA20: | 0.024701 | |
| MA50: | 0.027201 | |
| MA100: | 0.025857 | |
| MAexp7: | 0.025381 | |
| MAexp20: | 0.025602 | |
| MAexp50: | 0.025644 | |
| MAexp100: | 0.025431 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +2.34% | |
| Price / MA50: | -7.06% | |
| Price / MA100: | -2.23% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -0.59% |
Quotes :
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Real time data
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