VECHAIN - VET/USD - 1H - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 0.042666 USD
My targets
0.039602 USD (-3.29%)
0.037856 USD (-7.56%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VECHAIN - VET/USD as long as the price remains well below 0.042666 USD. The sellers' bearish objective is set at 0.039602 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.037856 USD. In case of crossing, the next objective would be the support located at 0.026421 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
VECHAIN - VET/USD rating 0.040950 USD. The price is lower by -0.19% since the last closing with the lowest point at 0.039740 USD and the highest point at 0.043332 USD. The deviation from the price is +3.04% for the low point and -5.50% for the high point.0.039740
0.043332
0.040950
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Timeframe : 50 days
Technical
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.026421 | 0.037856 | 0.039602 | 0.040950 | 0.042666 | 0.044016 | 0.045401 |
| Change (%) | -35.48% | -7.56% | -3.29% | - | +4.19% | +7.49% | +10.87% |
| Change | -0.014529 | -0.003094 | -0.001348 | - | +0.001716 | +0.003066 | +0.004451 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | 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 | 0.033935 | 0.036768 | 0.038899 | 0.041732 | 0.043863 | 0.046696 | 0.048827 |
| Camarilla | 0.039664 | 0.040119 | 0.040574 | 0.041029 | 0.041484 | 0.041939 | 0.042394 |
| Woodie | 0.033583 | 0.036593 | 0.038547 | 0.041557 | 0.043511 | 0.046521 | 0.048475 |
| Fibonacci | 0.036768 | 0.038665 | 0.039836 | 0.041732 | 0.043629 | 0.044800 | 0.046696 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033017 | 0.036654 | 0.040954 | 0.044591 | 0.048891 | 0.052528 | 0.056828 |
| Camarilla | 0.043072 | 0.043800 | 0.044527 | 0.045255 | 0.045983 | 0.046710 | 0.047438 |
| Woodie | 0.033350 | 0.036820 | 0.041287 | 0.044757 | 0.049224 | 0.052694 | 0.057161 |
| Fibonacci | 0.036654 | 0.039686 | 0.041559 | 0.044591 | 0.047623 | 0.049496 | 0.052528 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020511 | 0.028486 | 0.037288 | 0.045263 | 0.054065 | 0.062040 | 0.070842 |
| Camarilla | 0.041476 | 0.043014 | 0.044552 | 0.046090 | 0.047628 | 0.049166 | 0.050704 |
| Woodie | 0.020925 | 0.028693 | 0.037702 | 0.045470 | 0.054479 | 0.062247 | 0.071256 |
| Fibonacci | 0.028486 | 0.034895 | 0.038854 | 0.045263 | 0.051672 | 0.055631 | 0.062040 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.24 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -10.733110 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.041025 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.041598 | |
| Elder Ray (13): | -0.000674 | |
| Super Trend (3,10): | 0.043880 | |
| Zig ZAG (10): | 0.040911 | |
| VORTEX (21): | 1.0188 | |
| Stochastique (14,3,5): | 21.79 | |
| TEMA (21): | 0.040938 | |
| Williams %R (14): | -72.87 | |
| Chande Momentum Oscillator (20): | -0.001458 | |
| Repulse (5,40,3): | 2.5392 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0606 | |
| Courbe Coppock: | 7.17 |
| MA7: | 0.044428 | |
| MA20: | 0.042906 | |
| MA50: | 0.045230 | |
| MA100: | 0.037835 | |
| MAexp7: | 0.040993 | |
| MAexp20: | 0.041430 | |
| MAexp50: | 0.042108 | |
| MAexp100: | 0.043009 | |
| Price / MA7: | -7.83% | |
| Price / MA20: | -4.56% | |
| Price / MA50: | -9.46% | |
| Price / MA100: | +8.23% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -1.16% | |
| Price / MAexp50: | -2.75% | |
| Price / MAexp100: | -4.79% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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