VECHAIN - VET/USD

- USD (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - Weekly - Technical analysis published on 02/21/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

78%

22%

My opinion

Bearish under 0.036510 USD

My targets

0.026870 USD (-13.04%)

My analysis

The basic trend is bearish on VECHAIN - VET/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.036510 USD. Buyers would then use the next resistance located at 0.057700 USD as an objective. Crossing it would then enable buyers to target 0.083713 USD. If there is a return to below the support located at 0.026870 USD, this would be a sign of a reversal in the basic bearish trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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

Additional analysis

Quotes

The VECHAIN - VET/USD price is 0.030900 USD. Over 5 days, this instrument gained +20.70% and was traded between 0.024314 USD and 0.032277 USD over the period. The price is currently at +27.09% from its lowest point and -4.27% from its highest point.

0.024314

0.032277

0.030900

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on VECHAIN - VET/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of VECHAIN - VET/USD in Weekly shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.026870	0.030900	0.057700	0.083713	0.175610
Change (%)	-13.04%	-	+86.73%	+170.92%	+468.32%
Change	-0.004030	-	+0.026800	+0.052813	+0.144710
Level	Major	-	Minor	Minor	Intermediate

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	0.025363	0.026911	0.029472	0.031020	0.033581	0.035129	0.037690
Camarilla	0.030903	0.031280	0.031656	0.032033	0.032410	0.032786	0.033163
Woodie	0.025870	0.027164	0.029979	0.031273	0.034088	0.035382	0.038197
Fibonacci	0.026911	0.028481	0.029450	0.031020	0.032590	0.033559	0.035129

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.016693	0.019396	0.023252	0.025955	0.029811	0.032514	0.036370
Camarilla	0.025304	0.025906	0.026507	0.027108	0.027709	0.028311	0.028912
Woodie	0.017270	0.019684	0.023829	0.026243	0.030388	0.032802	0.036947
Fibonacci	0.019396	0.021902	0.023450	0.025955	0.028461	0.030009	0.032514

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007977	0.011842	0.017488	0.021353	0.026999	0.030864	0.036510
Camarilla	0.020520	0.021391	0.022263	0.023135	0.024007	0.024879	0.025751
Woodie	0.008869	0.012287	0.018380	0.021798	0.027891	0.031309	0.037402
Fibonacci	0.011842	0.015475	0.017720	0.021353	0.024986	0.027231	0.030864

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):	60.87
MACD (12,26,9):	-0.0010
Directional Movement:	13.691202
AROON (14):	57.142857
DEMA (21):	0.020833
Parabolic SAR (0,02-0,02-0,2):	0.019305
Elder Ray (13):	0.006178
Super Trend (3,10):	0.017565
Zig ZAG (10):	0.031036
VORTEX (21):	1.0725
Stochastique (14,3,5):	80.99
TEMA (21):	0.026247
Williams %R (14):	-9.66
Chande Momentum Oscillator (20):	0.011547
Repulse (5,40,3):	27.4908
ROCnROLL:	-1
TRIX (15,9):	-1.6381
Courbe Coppock:	42.04

MA7:	0.028073
MA20:	0.025577
MA50:	0.022615
MA100:	0.020281
MAexp7:	0.025302
MAexp20:	0.023566
MAexp50:	0.033520
MAexp100:	0.064641
Price / MA7:	+10.07%
Price / MA20:	+20.81%
Price / MA50:	+36.63%
Price / MA100:	+52.36%
Price / MAexp7:	+22.12%
Price / MAexp20:	+31.12%
Price / MAexp50:	-7.82%
Price / MAexp100:	-52.20%

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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