VECHAIN - VET/USD - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 0.019149 USD
My targets
0.019642 USD (+1.81%)
0.020213 USD (+4.77%)
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 0.019149 USD. The buyers' bullish objective is set at 0.019642 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.020213 USD. If there is any crossing, the next objective would be the resistance located at 0.022814 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD price is 0.019292 USD. The price is lower by -0.09% since the last closing and was traded between 0.018616 USD and 0.019772 USD over the period. The price is currently at +3.63% from its lowest and -2.43% from its highest.0.018616
0.019772
0.019292
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 this 1H chart of VECHAIN - VET/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
Grip bottom and hammer
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.017504 | 0.018123 | 0.019149 | 0.019292 | 0.019642 | 0.020213 | 0.022814 |
| Change (%) | -9.27% | -6.06% | -0.74% | - | +1.81% | +4.77% | +18.26% |
| Change | -0.001788 | -0.001169 | -0.000143 | - | +0.000350 | +0.000921 | +0.003522 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017225 | 0.017736 | 0.018523 | 0.019034 | 0.019821 | 0.020332 | 0.021119 |
| Camarilla | 0.018953 | 0.019072 | 0.019191 | 0.019310 | 0.019429 | 0.019548 | 0.019667 |
| Woodie | 0.017363 | 0.017805 | 0.018661 | 0.019103 | 0.019959 | 0.020401 | 0.021257 |
| Fibonacci | 0.017736 | 0.018232 | 0.018538 | 0.019034 | 0.019530 | 0.019836 | 0.020332 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013699 | 0.014745 | 0.015900 | 0.016946 | 0.018101 | 0.019147 | 0.020302 |
| Camarilla | 0.016449 | 0.016651 | 0.016852 | 0.017054 | 0.017256 | 0.017458 | 0.017659 |
| Woodie | 0.013753 | 0.014772 | 0.015954 | 0.016973 | 0.018155 | 0.019174 | 0.020356 |
| Fibonacci | 0.014745 | 0.015586 | 0.016106 | 0.016946 | 0.017787 | 0.018307 | 0.019147 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011001 | 0.012746 | 0.015142 | 0.016887 | 0.019283 | 0.021028 | 0.023424 |
| Camarilla | 0.016399 | 0.016779 | 0.017158 | 0.017538 | 0.017918 | 0.018297 | 0.018677 |
| Woodie | 0.011327 | 0.012909 | 0.015468 | 0.017050 | 0.019609 | 0.021191 | 0.023750 |
| Fibonacci | 0.012746 | 0.014328 | 0.015305 | 0.016887 | 0.018469 | 0.019446 | 0.021028 |
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): | 60.03 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 4.839962 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.019510 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018662 | |
| Elder Ray (13): | 0.000091 | |
| Super Trend (3,10): | 0.017976 | |
| Zig ZAG (10): | 0.019225 | |
| VORTEX (21): | 1.0150 | |
| Stochastique (14,3,5): | 78.49 | |
| TEMA (21): | 0.019599 | |
| Williams %R (14): | -14.41 | |
| Chande Momentum Oscillator (20): | -0.000053 | |
| Repulse (5,40,3): | 0.2238 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1184 | |
| Courbe Coppock: | 3.96 |
| MA7: | 0.018205 | |
| MA20: | 0.017125 | |
| MA50: | 0.016862 | |
| MA100: | 0.017099 | |
| MAexp7: | 0.019419 | |
| MAexp20: | 0.019263 | |
| MAexp50: | 0.018952 | |
| MAexp100: | 0.018517 | |
| Price / MA7: | +5.97% | |
| Price / MA20: | +12.65% | |
| Price / MA50: | +14.41% | |
| Price / MA100: | +12.83% | |
| Price / MAexp7: | -0.65% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +1.79% | |
| Price / MAexp100: | +4.19% |
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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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…
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