VECHAIN - VET/USD - 1H - Technical analysis published on 12/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.081800 USD
My targets
0.088516 USD (+3.40%)
0.093987 USD (+9.79%)
My analysis
VECHAIN - VET/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.081800 USD. The next resistance located at 0.088516 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.093987 USD. After this resistance, buyers could then target 0.096367 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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
VECHAIN - VET/USD rating 0.085608 USD. The price registered an increase of +2.77% on the session and was traded between 0.081550 USD and 0.087547 USD over the period. The price is currently at +4.98% from its lowest and -2.21% from its highest.0.081550
0.087547
0.085608
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of VECHAIN - VET/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.071700 | 0.074639 | 0.081800 | 0.085608 | 0.088516 | 0.093987 | 0.096367 |
| Change (%) | -16.25% | -12.81% | -4.45% | - | +3.40% | +9.79% | +12.57% |
| Change | -0.013908 | -0.010969 | -0.003808 | - | +0.002908 | +0.008379 | +0.010759 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
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 | 0.066841 | 0.070675 | 0.076988 | 0.080822 | 0.087135 | 0.090969 | 0.097282 |
| Camarilla | 0.080510 | 0.081440 | 0.082370 | 0.083300 | 0.084230 | 0.085160 | 0.086090 |
| Woodie | 0.068080 | 0.071295 | 0.078227 | 0.081442 | 0.088374 | 0.091589 | 0.098521 |
| Fibonacci | 0.070675 | 0.074552 | 0.076946 | 0.080822 | 0.084699 | 0.087093 | 0.090969 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.058823 | 0.069062 | 0.077744 | 0.087983 | 0.096665 | 0.106904 | 0.115586 |
| Camarilla | 0.081224 | 0.082958 | 0.084693 | 0.086427 | 0.088161 | 0.089896 | 0.091630 |
| Woodie | 0.058046 | 0.068673 | 0.076967 | 0.087594 | 0.095888 | 0.106515 | 0.114809 |
| Fibonacci | 0.069062 | 0.076290 | 0.080755 | 0.087983 | 0.095211 | 0.099676 | 0.106904 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002398 | 0.053249 | 0.086243 | 0.137094 | 0.170088 | 0.220939 | 0.253933 |
| Camarilla | 0.096180 | 0.103865 | 0.111551 | 0.119237 | 0.126923 | 0.134609 | 0.142294 |
| Woodie | -0.006531 | 0.048785 | 0.077315 | 0.132630 | 0.161160 | 0.216475 | 0.245005 |
| Fibonacci | 0.053249 | 0.085278 | 0.105065 | 0.137094 | 0.169123 | 0.188910 | 0.220939 |
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): | 66.86 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 16.991731 | |
| AROON (14): | 42.857140 | |
| DEMA (21): | 0.085288 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.082693 | |
| Elder Ray (13): | 0.001764 | |
| Super Trend (3,10): | 0.081392 | |
| Zig ZAG (10): | 0.086145 | |
| VORTEX (21): | 1.2441 | |
| Stochastique (14,3,5): | 72.76 | |
| TEMA (21): | 0.085965 | |
| Williams %R (14): | -33.45 | |
| Chande Momentum Oscillator (20): | 0.001720 | |
| Repulse (5,40,3): | -0.5231 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2365 | |
| Courbe Coppock: | 5.53 |
| MA7: | 0.082797 | |
| MA20: | 0.097349 | |
| MA50: | 0.125714 | |
| MA100: | 0.118981 | |
| MAexp7: | 0.085097 | |
| MAexp20: | 0.083439 | |
| MAexp50: | 0.081755 | |
| MAexp100: | 0.081811 | |
| Price / MA7: | +3.40% | |
| Price / MA20: | -12.06% | |
| Price / MA50: | -31.90% | |
| Price / MA100: | -28.05% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +2.60% | |
| Price / MAexp50: | +4.71% | |
| Price / MAexp100: | +4.64% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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