VECHAIN - VET/USD - Daily - Technical analysis published on 03/04/2023 (GMT)
- 190
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 0.022892 USD
My targets
0.026870 USD (+6.42%)
0.032033 USD (+26.87%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VECHAIN - VET/USD. As long as you are above the support located at 0.022892 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.026870 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.032033 USD as an objective. Crossing it would then enable buyers to target 0.083713 USD. If the support 0.022892 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish 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
0
10
2.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD rating is 0.025249 USD. The price is lower by -0.02% since the last closing with the lowest point at 0.025237 USD and the highest point at 0.025959 USD. The deviation from the price is +0.05% for the low point and -2.74% for the high point.0.025237
0.025959
0.025249
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 this Daily chart of VECHAIN - VET/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.015637 | 0.017653 | 0.022892 | 0.025249 | 0.026870 | 0.032033 | 0.083713 |
| Change (%) | -38.07% | -30.08% | -9.34% | - | +6.42% | +26.87% | +231.55% |
| Change | -0.009612 | -0.007596 | -0.002357 | - | +0.001621 | +0.006784 | +0.058464 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
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 | 0.021136 | 0.022844 | 0.024048 | 0.025756 | 0.026960 | 0.028668 | 0.029872 |
| Camarilla | 0.024452 | 0.024719 | 0.024986 | 0.025253 | 0.025520 | 0.025787 | 0.026054 |
| Woodie | 0.020885 | 0.022718 | 0.023797 | 0.025630 | 0.026709 | 0.028542 | 0.029621 |
| Fibonacci | 0.022844 | 0.023956 | 0.024643 | 0.025756 | 0.026868 | 0.027555 | 0.028668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018129 | 0.022255 | 0.024317 | 0.028443 | 0.030505 | 0.034631 | 0.036693 |
| Camarilla | 0.024678 | 0.025246 | 0.025813 | 0.026380 | 0.026947 | 0.027515 | 0.028082 |
| Woodie | 0.017098 | 0.021739 | 0.023286 | 0.027927 | 0.029474 | 0.034115 | 0.035662 |
| Fibonacci | 0.022255 | 0.024619 | 0.026079 | 0.028443 | 0.030807 | 0.032267 | 0.034631 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011157 | 0.016597 | 0.021689 | 0.027129 | 0.032221 | 0.037661 | 0.042753 |
| Camarilla | 0.023886 | 0.024851 | 0.025817 | 0.026782 | 0.027747 | 0.028713 | 0.029678 |
| Woodie | 0.010984 | 0.016510 | 0.021516 | 0.027042 | 0.032048 | 0.037574 | 0.042580 |
| Fibonacci | 0.016597 | 0.020620 | 0.023105 | 0.027129 | 0.031152 | 0.033637 | 0.037661 |
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): | 47.11 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 1.179414 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.027837 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.032126 | |
| Elder Ray (13): | -0.001406 | |
| Super Trend (3,10): | 0.023446 | |
| Zig ZAG (10): | 0.025474 | |
| VORTEX (21): | 1.0381 | |
| Stochastique (14,3,5): | 17.88 | |
| TEMA (21): | 0.027131 | |
| Williams %R (14): | -91.38 | |
| Chande Momentum Oscillator (20): | -0.006791 | |
| Repulse (5,40,3): | -8.4185 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6443 | |
| Courbe Coppock: | 3.91 |
| MA7: | 0.027034 | |
| MA20: | 0.027251 | |
| MA50: | 0.024801 | |
| MA100: | 0.021213 | |
| MAexp7: | 0.026651 | |
| MAexp20: | 0.026785 | |
| MAexp50: | 0.024857 | |
| MAexp100: | 0.023230 | |
| Price / MA7: | -6.60% | |
| Price / MA20: | -7.35% | |
| Price / MA50: | +1.81% | |
| Price / MA100: | +19.03% | |
| Price / MAexp7: | -5.26% | |
| Price / MAexp20: | -5.73% | |
| Price / MAexp50: | +1.58% | |
| Price / MAexp100: | +8.69% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis VECHAIN - VET/USD - Daily