VECHAIN - VET/USD - Daily - Technical analysis published on 11/16/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.125368 USD
My targets
0.178409 USD (+14.20%)
0.188300 USD (+20.54%)
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 0.125368 USD. The buyers' bullish objective is set at 0.178409 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.188300 USD. If there is any crossing, the next objective would be the resistance located at 0.215400 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD rating is 0.156220 USD. The price registered a decrease of -3.99% on the session and was between 0.151146 USD and 0.163480 USD. This implies that the price is at +3.36% from its lowest and at -4.44% from its highest.0.151146
0.163480
0.156220
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
Technical analysis of this Daily chart of VECHAIN - VET/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.081800 | 0.106133 | 0.154100 | 0.156220 | 0.188300 | 0.215400 | 0.233900 |
| Change (%) | -47.64% | -32.06% | -1.36% | - | +20.54% | +37.88% | +49.72% |
| Change | -0.074420 | -0.050087 | -0.002120 | - | +0.032080 | +0.059180 | +0.077680 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 0.140924 | 0.151152 | 0.156935 | 0.167163 | 0.172946 | 0.183174 | 0.188957 |
| Camarilla | 0.158316 | 0.159784 | 0.161251 | 0.162719 | 0.164187 | 0.165654 | 0.167122 |
| Woodie | 0.138703 | 0.150041 | 0.154714 | 0.166052 | 0.170725 | 0.182063 | 0.186736 |
| Fibonacci | 0.151152 | 0.157268 | 0.161047 | 0.167163 | 0.173279 | 0.177058 | 0.183174 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.105200 | 0.127330 | 0.143685 | 0.165815 | 0.182170 | 0.204300 | 0.220655 |
| Camarilla | 0.149457 | 0.152984 | 0.156512 | 0.160040 | 0.163568 | 0.167096 | 0.170623 |
| Woodie | 0.102313 | 0.125886 | 0.140798 | 0.164371 | 0.179283 | 0.202856 | 0.217768 |
| Fibonacci | 0.127330 | 0.142031 | 0.151114 | 0.165815 | 0.180516 | 0.189599 | 0.204300 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.51 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 6.642838 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.165104 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.187945 | |
| Elder Ray (13): | 0.000096 | |
| Super Trend (3,10): | 0.137242 | |
| Zig ZAG (10): | 0.153390 | |
| VORTEX (21): | 1.0399 | |
| Stochastique (14,3,5): | 50.50 | |
| TEMA (21): | 0.166779 | |
| Williams %R (14): | -59.78 | |
| Chande Momentum Oscillator (20): | 0.001615 | |
| Repulse (5,40,3): | -8.4835 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.1288 | |
| Courbe Coppock: | 34.01 |
| MA7: | 0.160813 | |
| MA20: | 0.152128 | |
| MA50: | 0.130509 | |
| MA100: | 0.124593 | |
| MAexp7: | 0.159566 | |
| MAexp20: | 0.152509 | |
| MAexp50: | 0.137587 | |
| MAexp100: | 0.126498 | |
| Price / MA7: | -2.86% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +19.70% | |
| Price / MA100: | +25.38% | |
| Price / MAexp7: | -2.10% | |
| Price / MAexp20: | +2.43% | |
| Price / MAexp50: | +13.54% | |
| Price / MAexp100: | +23.50% |
Quotes :
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Real time data
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