VECHAIN - VET/USD - 1H - Technical analysis published on 12/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
44%
6%
50%
My opinion
Neutral between 0.033630 USD and 0.036332 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 0.033630 USD. The first resistance is located at 0.036332 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by VECHAIN - VET/USD.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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.
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Additional analysis
Quotes
The VECHAIN - VET/USD price is 0.035326 USD. The price is lower by -0.32% since the last closing and was between 0.034346 USD and 0.036671 USD. This implies that the price is at +2.85% from its lowest and at -3.67% from its highest.0.034346
0.036671
0.035326
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.028391 | 0.031310 | 0.033630 | 0.035326 | 0.036332 | 0.037332 | 0.085017 |
| Change (%) | -19.63% | -11.37% | -4.80% | - | +2.85% | +5.68% | +140.66% |
| Change | -0.006935 | -0.004016 | -0.001696 | - | +0.001006 | +0.002006 | +0.049691 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 0.032144 | 0.033235 | 0.034337 | 0.035428 | 0.036530 | 0.037621 | 0.038723 |
| Camarilla | 0.034836 | 0.035037 | 0.035238 | 0.035439 | 0.035640 | 0.035841 | 0.036042 |
| Woodie | 0.032150 | 0.033238 | 0.034343 | 0.035431 | 0.036536 | 0.037624 | 0.038729 |
| Fibonacci | 0.033235 | 0.034073 | 0.034590 | 0.035428 | 0.036266 | 0.036783 | 0.037621 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017820 | 0.022101 | 0.028770 | 0.033051 | 0.039720 | 0.044001 | 0.050670 |
| Camarilla | 0.032428 | 0.033432 | 0.034435 | 0.035439 | 0.036443 | 0.037447 | 0.038450 |
| Woodie | 0.019014 | 0.022698 | 0.029964 | 0.033648 | 0.040914 | 0.044598 | 0.051864 |
| Fibonacci | 0.022101 | 0.026284 | 0.028868 | 0.033051 | 0.037234 | 0.039818 | 0.044001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014193 | 0.016578 | 0.019038 | 0.021423 | 0.023883 | 0.026268 | 0.028728 |
| Camarilla | 0.020165 | 0.020609 | 0.021053 | 0.021497 | 0.021941 | 0.022385 | 0.022829 |
| Woodie | 0.014230 | 0.016597 | 0.019075 | 0.021442 | 0.023920 | 0.026287 | 0.028765 |
| Fibonacci | 0.016578 | 0.018429 | 0.019573 | 0.021423 | 0.023274 | 0.024418 | 0.026268 |
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): | 52.43 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -2.441557 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.035971 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.035113 | |
| Elder Ray (13): | -0.000031 | |
| Super Trend (3,10): | 0.033795 | |
| Zig ZAG (10): | 0.035785 | |
| VORTEX (21): | 1.0210 | |
| Stochastique (14,3,5): | 58.98 | |
| TEMA (21): | 0.036045 | |
| Williams %R (14): | -48.18 | |
| Chande Momentum Oscillator (20): | 0.000432 | |
| Repulse (5,40,3): | 0.5516 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0887 | |
| Courbe Coppock: | 3.65 |
| MA7: | 0.034418 | |
| MA20: | 0.030315 | |
| MA50: | 0.025200 | |
| MA100: | 0.021310 | |
| MAexp7: | 0.035753 | |
| MAexp20: | 0.035710 | |
| MAexp50: | 0.035425 | |
| MAexp100: | 0.034917 | |
| Price / MA7: | +2.64% | |
| Price / MA20: | +16.53% | |
| Price / MA50: | +40.18% | |
| Price / MA100: | +65.77% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | +1.17% |
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.
About author
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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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