VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - 1H - Technical analysis published on 02/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.043256 USD

My targets

0.047877 USD (+5.51%)

0.048861 USD (+7.68%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.043256 USD. The buyers' bullish objective is set at 0.047877 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.048861 USD. If there is any crossing, the next objective would be the resistance located at 0.051482 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

6.3

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 0.045378 USD. On the day, this instrument lost -0.13% with the lowest point at 0.043237 USD and the highest point at 0.046202 USD. The deviation from the price is +4.95% for the low point and -1.78% for the high point.

0.043237

0.046202

0.045378

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.035969	0.037935	0.043256	0.045378	0.045475	0.048861	0.051482
Change (%)	-20.73%	-16.40%	-4.68%	-	+0.21%	+7.68%	+13.45%
Change	-0.009409	-0.007443	-0.002122	-	+0.000097	+0.003483	+0.006104
Level	Minor	Intermediate	Minor	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.038075	0.040576	0.043006	0.045507	0.047937	0.050438	0.052868
Camarilla	0.044081	0.044533	0.044985	0.045437	0.045889	0.046341	0.046793
Woodie	0.038041	0.040558	0.042972	0.045489	0.047903	0.050420	0.052834
Fibonacci	0.040576	0.042459	0.043623	0.045507	0.047390	0.048554	0.050438

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.010867	0.020199	0.032818	0.042150	0.054769	0.064101	0.076720
Camarilla	0.039401	0.041413	0.043425	0.045437	0.047449	0.049461	0.051474
Woodie	0.012511	0.021021	0.034462	0.042972	0.056413	0.064923	0.078364
Fibonacci	0.020199	0.028584	0.033765	0.042150	0.050535	0.055716	0.064101

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):	51.05
MACD (12,26,9):	0.0000
Directional Movement:	2.250854
AROON (14):	50.000000
DEMA (21):	0.044788
Parabolic SAR (0,02-0,02-0,2):	0.043519
Elder Ray (13):	0.000158
Super Trend (3,10):	0.043032
Zig ZAG (10):	0.045059
VORTEX (21):	1.0148
Stochastique (14,3,5):	71.30
TEMA (21):	0.044959
Williams %R (14):	-35.35
Chande Momentum Oscillator (20):	0.000740
Repulse (5,40,3):	-0.2041
ROCnROLL:	1
TRIX (15,9):	-0.0542
Courbe Coppock:	1.15

MA7:	0.040394
MA20:	0.032836
MA50:	0.031202
MA100:	0.029052
MAexp7:	0.045022
MAexp20:	0.044866
MAexp50:	0.044776
MAexp100:	0.042980
Price / MA7:	+12.34%
Price / MA20:	+38.20%
Price / MA50:	+45.43%
Price / MA100:	+56.20%
Price / MAexp7:	+0.79%
Price / MAexp20:	+1.14%
Price / MAexp50:	+1.34%
Price / MAexp100:	+5.58%

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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