VECHAIN - VET/USDT - 15 min. - Technical analysis published on 03/14/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 0.023697 USDT
My targets
0.024290 USDT (+0.50%)
0.025140 USDT (+4.01%)
My analysis
With a bullish background trend, the price of VECHAIN - VET/USDT is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.023697 USDT. A bullish break in the resistance located at 0.024290 USDT would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.025140 USDT. Then 0.026620 USDT by extension. It would be safer to wait for a bullish break in the resistance located at 0.024290 USDT before allowing yourself to re trade long positions (at purchase) on VECHAIN - VET/USDT. PS: if there is a bearish break in the support located at 0.023697 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USDT price is 0.024170 USDT. The price has increased by +3.11% since the last closing with the lowest point at 0.022650 USDT and the highest point at 0.025180 USDT. The deviation from the price is +6.71% for the low point and -4.01% for the high point.0.022650
0.025180
0.024170
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 15 min. of this VECHAIN - VET/USDT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
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:
Downside gap
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.021584 | 0.022989 | 0.023654 | 0.024170 | 0.024340 | 0.024924 | 0.026772 |
| Change (%) | -10.70% | -4.89% | -2.13% | - | +0.70% | +3.12% | +10.77% |
| Change | -0.002586 | -0.001181 | -0.000516 | - | +0.000170 | +0.000754 | +0.002602 |
| Level | Major | Major | Minor | - | Minor | Major | Minor |
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 | 0.019630 | 0.020480 | 0.021960 | 0.022810 | 0.024290 | 0.025140 | 0.026620 |
| Camarilla | 0.022799 | 0.023013 | 0.023226 | 0.023440 | 0.023654 | 0.023867 | 0.024081 |
| Woodie | 0.019945 | 0.020638 | 0.022275 | 0.022968 | 0.024605 | 0.025298 | 0.026935 |
| Fibonacci | 0.020480 | 0.021370 | 0.021920 | 0.022810 | 0.023700 | 0.024250 | 0.025140 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012737 | 0.016103 | 0.018217 | 0.021583 | 0.023697 | 0.027063 | 0.029177 |
| Camarilla | 0.018823 | 0.019325 | 0.019828 | 0.020330 | 0.020832 | 0.021335 | 0.021837 |
| Woodie | 0.012110 | 0.015790 | 0.017590 | 0.021270 | 0.023070 | 0.026750 | 0.028550 |
| Fibonacci | 0.016103 | 0.018197 | 0.019490 | 0.021583 | 0.023677 | 0.024970 | 0.027063 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012857 | 0.017513 | 0.023207 | 0.027863 | 0.033557 | 0.038213 | 0.043907 |
| Camarilla | 0.026054 | 0.027003 | 0.027951 | 0.028900 | 0.029849 | 0.030798 | 0.031746 |
| Woodie | 0.013375 | 0.017773 | 0.023725 | 0.028123 | 0.034075 | 0.038473 | 0.044425 |
| Fibonacci | 0.017513 | 0.021467 | 0.023910 | 0.027863 | 0.031817 | 0.034260 | 0.038213 |
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): | 53.11 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -8.403365 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.024981 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.024940 | |
| Elder Ray (13): | -0.000147 | |
| Super Trend (3,10): | 0.024136 | |
| Zig ZAG (10): | 0.024770 | |
| VORTEX (21): | 0.9744 | |
| Stochastique (14,3,5): | 24.92 | |
| TEMA (21): | 0.024822 | |
| Williams %R (14): | -78.41 | |
| Chande Momentum Oscillator (20): | -0.000660 | |
| Repulse (5,40,3): | -2.6868 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1817 | |
| Courbe Coppock: | 2.78 |
| MA7: | 0.021851 | |
| MA20: | 0.025261 | |
| MA50: | 0.024250 | |
| MA100: | 0.021026 | |
| MAexp7: | 0.024553 | |
| MAexp20: | 0.024642 | |
| MAexp50: | 0.024185 | |
| MAexp100: | 0.023648 | |
| Price / MA7: | +10.61% | |
| Price / MA20: | -4.32% | |
| Price / MA50: | -0.33% | |
| Price / MA100: | +14.95% | |
| Price / MAexp7: | -1.56% | |
| Price / MAexp20: | -1.92% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +2.21% |
Quotes :
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Real time data
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