VECHAIN - VET/USDT - Weekly - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 0.036217 USDT
My targets
0.026878 USDT (-7.00%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.036217 USDT remains possible. It is advisable to trade VECHAIN - VET/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.036217 USDT. The next bearish objective for sellers is set at 0.026878 USDT. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.036217 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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This analysis was given by domdufour. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VECHAIN - VET/USDT rating 0.028900 USDT. The price is up +6.49% over 5 days and has been traded over the last 5 days between 0.028180 USDT and 0.032520 USDT. This implies that the 5 day price is +2.56% from its lowest point and -11.13% from its highest point.0.028180
0.032520
0.028900
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of VECHAIN - VET/USDT in Weekly shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.026878 | 0.028900 | 0.057740 | 0.085292 | 0.175900 |
| Change (%) | -7.00% | - | +99.79% | +195.13% | +508.65% |
| Change | -0.002022 | - | +0.028840 | +0.056392 | +0.147000 |
| Level | Major | - | Minor | Minor | Intermediate |
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 | 0.026703 | 0.028207 | 0.029173 | 0.030677 | 0.031643 | 0.033147 | 0.034113 |
| Camarilla | 0.029461 | 0.029687 | 0.029914 | 0.030140 | 0.030366 | 0.030593 | 0.030819 |
| Woodie | 0.026435 | 0.028073 | 0.028905 | 0.030543 | 0.031375 | 0.033013 | 0.033845 |
| Fibonacci | 0.028207 | 0.029150 | 0.029733 | 0.030677 | 0.031620 | 0.032203 | 0.033147 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017057 | 0.019613 | 0.023377 | 0.025933 | 0.029697 | 0.032253 | 0.036017 |
| Camarilla | 0.025402 | 0.025981 | 0.026561 | 0.027140 | 0.027719 | 0.028299 | 0.028878 |
| Woodie | 0.017660 | 0.019915 | 0.023980 | 0.026235 | 0.030300 | 0.032555 | 0.036620 |
| Fibonacci | 0.019613 | 0.022028 | 0.023519 | 0.025933 | 0.028348 | 0.029839 | 0.032253 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.008257 | 0.012023 | 0.017577 | 0.021343 | 0.026897 | 0.030663 | 0.036217 |
| Camarilla | 0.020567 | 0.021421 | 0.022276 | 0.023130 | 0.023984 | 0.024839 | 0.025693 |
| Woodie | 0.009150 | 0.012470 | 0.018470 | 0.021790 | 0.027790 | 0.031110 | 0.037110 |
| Fibonacci | 0.012023 | 0.015584 | 0.017783 | 0.021343 | 0.024904 | 0.027103 | 0.030663 |
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): | 58.03 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 14.263476 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.020425 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.019267 | |
| Elder Ray (13): | 0.006599 | |
| Super Trend (3,10): | 0.018475 | |
| Zig ZAG (10): | 0.028900 | |
| VORTEX (21): | 1.0797 | |
| Stochastique (14,3,5): | 77.19 | |
| TEMA (21): | 0.025667 | |
| Williams %R (14): | -21.08 | |
| Chande Momentum Oscillator (20): | 0.009590 | |
| Repulse (5,40,3): | 14.4302 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.6594 | |
| Courbe Coppock: | 37.18 |
| MA7: | 0.028391 | |
| MA20: | 0.025755 | |
| MA50: | 0.022838 | |
| MA100: | 0.020361 | |
| MAexp7: | 0.024740 | |
| MAexp20: | 0.023320 | |
| MAexp50: | 0.033058 | |
| MAexp100: | 0.042991 | |
| Price / MA7: | +1.79% | |
| Price / MA20: | +12.21% | |
| Price / MA50: | +26.54% | |
| Price / MA100: | +41.94% | |
| Price / MAexp7: | +16.81% | |
| Price / MAexp20: | +23.93% | |
| Price / MAexp50: | -12.58% | |
| Price / MAexp100: | -32.78% |
Quotes :
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Real time data
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