VECHAIN - VET/USD - 1H - Technical analysis published on 02/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.031280 USD
My targets
0.032425 USD (+2.97%)
0.034665 USD (+10.09%)
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 0.031280 USD. The buyers' bullish objective is set at 0.032425 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.034665 USD. If there is any crossing, the next objective would be the resistance located at 0.037935 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VECHAIN - VET/USD rating 0.031489 USD. The price is lower by -0.06% since the last closing and was between 0.030897 USD and 0.032146 USD. This implies that the price is at +1.92% from its lowest and at -2.04% from its highest.0.030897
0.032146
0.031489
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a strongly bullish trend. 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.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.029019 | 0.029596 | 0.031280 | 0.031489 | 0.032425 | 0.037935 | 0.057700 |
| Change (%) | -7.84% | -6.01% | -0.66% | - | +2.97% | +20.47% | +83.24% |
| Change | -0.002470 | -0.001893 | -0.000209 | - | +0.000936 | +0.006446 | +0.026211 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 0.027655 | 0.028635 | 0.030072 | 0.031052 | 0.032489 | 0.033469 | 0.034906 |
| Camarilla | 0.030844 | 0.031066 | 0.031287 | 0.031509 | 0.031731 | 0.031952 | 0.032174 |
| Woodie | 0.027884 | 0.028749 | 0.030301 | 0.031166 | 0.032718 | 0.033583 | 0.035135 |
| Fibonacci | 0.028635 | 0.029558 | 0.030129 | 0.031052 | 0.031975 | 0.032546 | 0.033469 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024606 | 0.025823 | 0.027959 | 0.029176 | 0.031312 | 0.032529 | 0.034665 |
| Camarilla | 0.029172 | 0.029479 | 0.029787 | 0.030094 | 0.030401 | 0.030709 | 0.031016 |
| Woodie | 0.025065 | 0.026053 | 0.028418 | 0.029406 | 0.031771 | 0.032759 | 0.035124 |
| Fibonacci | 0.025823 | 0.027104 | 0.027896 | 0.029176 | 0.030457 | 0.031249 | 0.032529 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.70 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 1.181243 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.031616 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.032035 | |
| Elder Ray (13): | -0.000087 | |
| Super Trend (3,10): | 0.029695 | |
| Zig ZAG (10): | 0.031511 | |
| VORTEX (21): | 1.0863 | |
| Stochastique (14,3,5): | 52.40 | |
| TEMA (21): | 0.031689 | |
| Williams %R (14): | -51.64 | |
| Chande Momentum Oscillator (20): | 0.000121 | |
| Repulse (5,40,3): | -0.3581 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1468 | |
| Courbe Coppock: | 4.53 |
| MA7: | 0.030089 | |
| MA20: | 0.028872 | |
| MA50: | 0.030417 | |
| MA100: | 0.027971 | |
| MAexp7: | 0.031475 | |
| MAexp20: | 0.031219 | |
| MAexp50: | 0.030735 | |
| MAexp100: | 0.030209 | |
| Price / MA7: | +4.65% | |
| Price / MA20: | +9.06% | |
| Price / MA50: | +3.52% | |
| Price / MA100: | +12.58% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +2.45% | |
| Price / MAexp100: | +4.24% |
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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