VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - 1H - Technical analysis published on 02/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

22%

44%

33%

My opinion

Bullish above 0.028476 USD

My targets

0.029533 USD (+2.15%)

0.029975 USD (+3.68%)

My analysis

A bullish trend on VECHAIN - VET/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.028476 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.029533 USD. Then the price could move towards 0.029975 USD. Then 0.032425 USD by extension. Be careful, a return below 0.028476 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.5

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

Additional analysis

Quotes

The VECHAIN - VET/USD price is 0.028911 USD. On the day, this instrument lost -0.08% and was traded between 0.028432 USD and 0.029908 USD over the period. The price is currently at +1.68% from its lowest and -3.33% from its highest.

0.028432

0.029908

0.028911

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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:

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

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this VECHAIN - VET/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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 engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.027339	0.028105	0.028476	0.028911	0.028974	0.029533	0.029975
Change (%)	-5.44%	-2.79%	-1.50%	-	+0.22%	+2.15%	+3.68%
Change	-0.001572	-0.000806	-0.000435	-	+0.000063	+0.000622	+0.001064
Level	Intermediate	Minor	Minor	-	Intermediate	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	0.026656	0.027351	0.028142	0.028837	0.029628	0.030323	0.031114
Camarilla	0.028524	0.028661	0.028797	0.028933	0.029069	0.029205	0.029342
Woodie	0.026704	0.027375	0.028190	0.028861	0.029676	0.030347	0.031162
Fibonacci	0.027351	0.027919	0.028269	0.028837	0.029405	0.029755	0.030323

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.021524	0.023105	0.025716	0.027297	0.029908	0.031489	0.034100
Camarilla	0.027174	0.027559	0.027943	0.028327	0.028711	0.029096	0.029480
Woodie	0.022039	0.023363	0.026231	0.027555	0.030423	0.031747	0.034615
Fibonacci	0.023105	0.024706	0.025696	0.027297	0.028898	0.029888	0.031489

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.010329	0.017508	0.022845	0.030024	0.035361	0.042540	0.047877
Camarilla	0.024741	0.025888	0.027036	0.028183	0.029330	0.030478	0.031625
Woodie	0.009409	0.017048	0.021925	0.029564	0.034441	0.042080	0.046957
Fibonacci	0.017508	0.022289	0.025243	0.030024	0.034805	0.037759	0.042540

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):	48.40
MACD (12,26,9):	0.0001
Directional Movement:	7.385156
AROON (14):	-50.000000
DEMA (21):	0.029013
Parabolic SAR (0,02-0,02-0,2):	0.029517
Elder Ray (13):	0.000099
Super Trend (3,10):	0.029462
Zig ZAG (10):	0.028888
VORTEX (21):	1.0560
Stochastique (14,3,5):	28.07
TEMA (21):	0.028921
Williams %R (14):	-73.71
Chande Momentum Oscillator (20):	-0.000440
Repulse (5,40,3):	-1.5767
ROCnROLL:	-1
TRIX (15,9):	0.0559
Courbe Coppock:	1.05

MA7:	0.028613
MA20:	0.028379
MA50:	0.031287
MA100:	0.026966
MAexp7:	0.028898
MAexp20:	0.028908
MAexp50:	0.028729
MAexp100:	0.028553
Price / MA7:	+1.04%
Price / MA20:	+1.87%
Price / MA50:	-7.59%
Price / MA100:	+7.21%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.63%
Price / MAexp100:	+1.25%

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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Londinia AI

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