VECHAIN - VET/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	VETUSD
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VECHAIN - VET/USD - 1H - Technical analysis published on 05/16/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

44%

My opinion

Bullish above 0.034796 USD

My targets

0.035627 USD (+0.89%)

0.036731 USD (+4.02%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VECHAIN - VET/USD. As long as you are above the support located at 0.034796 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.035627 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.036731 USD as an objective. Crossing it would then enable buyers to target 0.037868 USD. If the support 0.034796 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

2.9

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 0.035311 USD. The price is lower by -0.26% since the last closing and was between 0.034667 USD and 0.036534 USD. This implies that the price is at +1.86% from its lowest and at -3.35% from its highest.

0.034667

0.036534

0.035311

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

Technical

A technical analysis in 1H of this VECHAIN - VET/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.033973	0.034796	0.035247	0.035311	0.035627	0.036731	0.037868
Change (%)	-3.79%	-1.46%	-0.18%	-	+0.89%	+4.02%	+7.24%
Change	-0.001338	-0.000515	-0.000064	-	+0.000316	+0.001420	+0.002557
Level	Intermediate	Intermediate	Minor	-	Minor	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.030482	0.031657	0.033530	0.034705	0.036578	0.037753	0.039626
Camarilla	0.034564	0.034843	0.035123	0.035402	0.035681	0.035961	0.036240
Woodie	0.030830	0.031832	0.033878	0.034880	0.036926	0.037928	0.039974
Fibonacci	0.031657	0.032822	0.033541	0.034705	0.035870	0.036589	0.037753

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.026752	0.030298	0.032179	0.035725	0.037606	0.041152	0.043033
Camarilla	0.032568	0.033065	0.033563	0.034060	0.034558	0.035055	0.035552
Woodie	0.025920	0.029882	0.031347	0.035309	0.036774	0.040736	0.042201
Fibonacci	0.030298	0.032371	0.033652	0.035725	0.037798	0.039079	0.041152

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012726	0.023789	0.029908	0.040971	0.047090	0.058153	0.064272
Camarilla	0.031301	0.032876	0.034451	0.036026	0.037601	0.039176	0.040751
Woodie	0.010253	0.022553	0.027435	0.039735	0.044617	0.056917	0.061799
Fibonacci	0.023789	0.030353	0.034408	0.040971	0.047535	0.051590	0.058153

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):	52.16
MACD (12,26,9):	0.0002
Directional Movement:	-4.259166
AROON (14):	-50.000000
DEMA (21):	0.035879
Parabolic SAR (0,02-0,02-0,2):	0.036246
Elder Ray (13):	-0.000158
Super Trend (3,10):	0.033440
Zig ZAG (10):	0.035535
VORTEX (21):	1.0216
Stochastique (14,3,5):	36.81
TEMA (21):	0.035768
Williams %R (14):	-59.67
Chande Momentum Oscillator (20):	-0.000060
Repulse (5,40,3):	1.6993
ROCnROLL:	-1
TRIX (15,9):	0.1458
Courbe Coppock:	1.38

MA7:	0.034441
MA20:	0.036008
MA50:	0.039880
MA100:	0.041564
MAexp7:	0.035558
MAexp20:	0.035511
MAexp50:	0.034972
MAexp100:	0.034686
Price / MA7:	+2.53%
Price / MA20:	-1.94%
Price / MA50:	-11.46%
Price / MA100:	-15.04%
Price / MAexp7:	-0.69%
Price / MAexp20:	-0.56%
Price / MAexp50:	+0.97%
Price / MAexp100:	+1.80%

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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