VECHAIN - VET/USD - Weekly - Technical analysis published on 03/06/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 0.067929 USD
My targets
0.037297 USD (-25.88%)
0.022777 USD (-54.74%)
My analysis
In the short term, we can see an acceleration in the bearish trend on VECHAIN - VET/USD, which is a positive signal for sellers. As long as the price remains above 0.067929 USD, a sale could be considered. The first bearish objective is located at 0.037297 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.022777 USD as an objective. Crossing it would then enable sellers to target 0.008499 USD. If the price were to return above 0.067929 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.7
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This analysis was given by Loofp1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VECHAIN - VET/USD rating 0.050322 USD. Over 5 days, this instrument lost -2.89% and has been traded over the last 5 days between 0.048273 USD and 0.057825 USD. This implies that the 5 day price is +4.24% from its lowest point and -12.98% from its highest point.0.048273
0.057825
0.050322
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Weekly of this VECHAIN - VET/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by 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 bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
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:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.008499 | 0.050322 | 0.051531 | 0.097826 | 0.175610 |
| Change (%) | -83.11% | - | +2.40% | +94.40% | +248.97% |
| Change | -0.041823 | - | +0.001209 | +0.047504 | +0.125288 |
| Level | Intermediate | - | Major | 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 | 0.044751 | 0.046140 | 0.048272 | 0.049661 | 0.051793 | 0.053182 | 0.055314 |
| Camarilla | 0.049436 | 0.049759 | 0.050081 | 0.050404 | 0.050727 | 0.051050 | 0.051372 |
| Woodie | 0.045123 | 0.046326 | 0.048644 | 0.049847 | 0.052165 | 0.053368 | 0.055686 |
| Fibonacci | 0.046140 | 0.047485 | 0.048316 | 0.049661 | 0.051006 | 0.051837 | 0.053182 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030273 | 0.037267 | 0.043836 | 0.050830 | 0.057399 | 0.064393 | 0.070962 |
| Camarilla | 0.046674 | 0.047918 | 0.049161 | 0.050404 | 0.051647 | 0.052891 | 0.054134 |
| Woodie | 0.030060 | 0.037161 | 0.043623 | 0.050724 | 0.057186 | 0.064287 | 0.070749 |
| Fibonacci | 0.037267 | 0.042448 | 0.045649 | 0.050830 | 0.056011 | 0.059212 | 0.064393 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006665 | 0.022777 | 0.037297 | 0.053409 | 0.067929 | 0.084041 | 0.098561 |
| Camarilla | 0.043394 | 0.046202 | 0.049010 | 0.051818 | 0.054626 | 0.057434 | 0.060242 |
| Woodie | 0.005870 | 0.022379 | 0.036502 | 0.053011 | 0.067134 | 0.083643 | 0.097766 |
| Fibonacci | 0.022777 | 0.034478 | 0.041707 | 0.053409 | 0.065110 | 0.072339 | 0.084041 |
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): | 38.70 | |
| MACD (12,26,9): | -0.0167 | |
| Directional Movement: | -6.607395 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.055489 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.111815 | |
| Elder Ray (13): | -0.015195 | |
| Super Trend (3,10): | 0.108878 | |
| Zig ZAG (10): | 0.050015 | |
| VORTEX (21): | 0.8968 | |
| Stochastique (14,3,5): | 12.64 | |
| TEMA (21): | 0.040255 | |
| Williams %R (14): | -82.08 | |
| Chande Momentum Oscillator (20): | -0.030404 | |
| Repulse (5,40,3): | -10.6311 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.8132 | |
| Courbe Coppock: | 105.25 |
| MA7: | 0.051820 | |
| MA20: | 0.050901 | |
| MA50: | 0.056044 | |
| MA100: | 0.072591 | |
| MAexp7: | 0.054673 | |
| MAexp20: | 0.074944 | |
| MAexp50: | 0.087027 | |
| MAexp100: | 0.129389 | |
| Price / MA7: | -2.89% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -10.21% | |
| Price / MA100: | -30.68% | |
| Price / MAexp7: | -7.96% | |
| Price / MAexp20: | -32.85% | |
| Price / MAexp50: | -42.18% | |
| Price / MAexp100: | -61.11% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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