VECHAIN - VET/USD - 1H - Technical analysis published on 02/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
6%
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
0
10
6.3
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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 0.045378 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:
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
S3
S2
S1
R1
R2
R3
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 :
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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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