VECHAIN - VET/USD - 1H - Technical analysis published on 06/30/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 0.026092 USD
My targets
0.025457 USD (-1.60%)
0.023678 USD (-8.48%)
My analysis
There is a bearish trend on VECHAIN - VET/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.026092 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.025457 USD. Then the price could move towards 0.023678 USD. Then 0.015043 USD by extension. Be careful, a return to above the resistance 0.026092 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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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 0.025872 USD. On the day, this instrument lost -0.11% and was traded between 0.025468 USD and 0.026520 USD over the period. The price is currently at +1.59% from its lowest and -2.44% from its highest.0.025468
0.026520
0.025872
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
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Technical
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.015043 | 0.023678 | 0.025457 | 0.025872 | 0.026092 | 0.026444 | 0.026797 |
| Change (%) | -41.86% | -8.48% | -1.60% | - | +0.85% | +2.21% | +3.58% |
| Change | -0.010829 | -0.002194 | -0.000415 | - | +0.000220 | +0.000572 | +0.000925 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023305 | 0.024426 | 0.025164 | 0.026285 | 0.027023 | 0.028144 | 0.028882 |
| Camarilla | 0.025390 | 0.025560 | 0.025731 | 0.025901 | 0.026071 | 0.026242 | 0.026412 |
| Woodie | 0.023113 | 0.024330 | 0.024972 | 0.026189 | 0.026831 | 0.028048 | 0.028690 |
| Fibonacci | 0.024426 | 0.025137 | 0.025575 | 0.026285 | 0.026996 | 0.027434 | 0.028144 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020188 | 0.021933 | 0.023917 | 0.025662 | 0.027646 | 0.029391 | 0.031375 |
| Camarilla | 0.024876 | 0.025217 | 0.025559 | 0.025901 | 0.026243 | 0.026585 | 0.026927 |
| Woodie | 0.020308 | 0.021993 | 0.024037 | 0.025722 | 0.027766 | 0.029451 | 0.031495 |
| Fibonacci | 0.021933 | 0.023358 | 0.024238 | 0.025662 | 0.027087 | 0.027967 | 0.029391 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025771 | 0.028998 | 0.031445 | 0.034672 | 0.037119 | 0.040346 | 0.042793 |
| Camarilla | 0.032331 | 0.032851 | 0.033371 | 0.033891 | 0.034411 | 0.034931 | 0.035451 |
| Woodie | 0.025380 | 0.028803 | 0.031054 | 0.034477 | 0.036728 | 0.040151 | 0.042402 |
| Fibonacci | 0.028998 | 0.031166 | 0.032505 | 0.034672 | 0.036840 | 0.038179 | 0.040346 |
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): | 53.80 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -1.480338 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.025960 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.025585 | |
| Elder Ray (13): | 0.000072 | |
| Super Trend (3,10): | 0.024778 | |
| Zig ZAG (10): | 0.026100 | |
| VORTEX (21): | 0.9724 | |
| Stochastique (14,3,5): | 69.23 | |
| TEMA (21): | 0.025971 | |
| Williams %R (14): | -39.92 | |
| Chande Momentum Oscillator (20): | -0.000060 | |
| Repulse (5,40,3): | -0.6894 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0835 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.026263 | |
| MA20: | 0.027197 | |
| MA50: | 0.031620 | |
| MA100: | 0.036201 | |
| MAexp7: | 0.026078 | |
| MAexp20: | 0.026118 | |
| MAexp50: | 0.026226 | |
| MAexp100: | 0.026233 | |
| Price / MA7: | -1.49% | |
| Price / MA20: | -4.87% | |
| Price / MA50: | -18.18% | |
| Price / MA100: | -28.53% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -1.35% | |
| Price / MAexp100: | -1.38% |
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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