VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 11/08/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.154100 USD

My targets

0.188300 USD (+14.86%)

0.215400 USD (+31.39%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.154100 USD. The buyers' bullish objective is set at 0.188300 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.215400 USD. If there is any crossing, the next objective would be the resistance located at 0.233900 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

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

Additional analysis

Quotes

VECHAIN - VET/USD rating 0.163944 USD. The price registered an increase of +5.72% on the session with the lowest point at 0.151742 USD and the highest point at 0.167961 USD. The deviation from the price is +8.04% for the low point and -2.39% for the high point.

0.151742

0.167961

0.163944

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

Technical

Technical analysis of VECHAIN - VET/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.081800	0.106133	0.154100	0.163944	0.188300	0.215400	0.233900
Change (%)	-50.10%	-35.26%	-6.00%	-	+14.86%	+31.39%	+42.67%
Change	-0.082144	-0.057811	-0.009844	-	+0.024356	+0.051456	+0.069956
Level	Intermediate	Minor	Major	-	Minor	Minor	Major

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	0.143853	0.149031	0.152055	0.157233	0.160257	0.165435	0.168459
Camarilla	0.152825	0.153576	0.154328	0.155080	0.155832	0.156584	0.157336
Woodie	0.142777	0.148493	0.150979	0.156695	0.159181	0.164897	0.167383
Fibonacci	0.149031	0.152164	0.154100	0.157233	0.160366	0.162302	0.165435

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.098347	0.112358	0.136471	0.150482	0.174595	0.188606	0.212719
Camarilla	0.150100	0.153595	0.157089	0.160584	0.164079	0.167573	0.171068
Woodie	0.103398	0.114884	0.141522	0.153008	0.179646	0.191132	0.217770
Fibonacci	0.112358	0.126921	0.135919	0.150482	0.165045	0.174043	0.188606

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.049385	0.072327	0.102426	0.125368	0.155467	0.178409	0.208508
Camarilla	0.117938	0.122800	0.127662	0.132524	0.137386	0.142248	0.147110
Woodie	0.052963	0.074116	0.106004	0.127157	0.159045	0.180198	0.212086
Fibonacci	0.072327	0.092589	0.105107	0.125368	0.145630	0.158148	0.178409

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):	68.90
MACD (12,26,9):	0.0105
Directional Movement:	17.493362
AROON (14):	85.714286
DEMA (21):	0.153883
Parabolic SAR (0,02-0,02-0,2):	0.124052
Elder Ray (13):	0.013067
Super Trend (3,10):	0.122120
Zig ZAG (10):	0.164782
VORTEX (21):	1.1371
Stochastique (14,3,5):	87.91
TEMA (21):	0.159496
Williams %R (14):	-7.39
Chande Momentum Oscillator (20):	0.039723
Repulse (5,40,3):	10.1829
ROCnROLL:	1
TRIX (15,9):	0.9808
Courbe Coppock:	32.16

MA7:	0.152564
MA20:	0.139618
MA50:	0.119170
MA100:	0.118915
MAexp7:	0.153757
MAexp20:	0.141068
MAexp50:	0.128103
MAexp100:	0.120042
Price / MA7:	+7.46%
Price / MA20:	+17.42%
Price / MA50:	+37.57%
Price / MA100:	+37.87%
Price / MAexp7:	+6.63%
Price / MAexp20:	+16.22%
Price / MAexp50:	+27.98%
Price / MAexp100:	+36.57%

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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