VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - 1H - Technical analysis published on 08/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

39%

44%

17%

My opinion

Bullish above 0.022710 USD

My targets

0.024622 USD (+4.46%)

0.025431 USD (+7.90%)

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 0.022710 USD. The buyers' bullish objective is set at 0.024622 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.025431 USD. If there is any crossing, the next objective would be the resistance located at 0.026882 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.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.4

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 rating is 0.023570 USD. On the day, this instrument gained +1.90% with the lowest point at 0.022904 USD and the highest point at 0.023780 USD. The deviation from the price is +2.91% for the low point and -0.88% for the high point.

0.022904

0.023780

0.023570

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:

Technical

A technical analysis in 1H of this VECHAIN - VET/USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.019663	0.021373	0.022710	0.023570	0.023646	0.024622	0.025431
Change (%)	-16.58%	-9.32%	-3.65%	-	+0.32%	+4.46%	+7.90%
Change	-0.003907	-0.002197	-0.000860	-	+0.000076	+0.001052	+0.001861
Level	Minor	Intermediate	Major	-	Major	Major	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	0.020322	0.021487	0.022309	0.023474	0.024296	0.025461	0.026283
Camarilla	0.022585	0.022767	0.022949	0.023131	0.023313	0.023495	0.023677
Woodie	0.020151	0.021401	0.022138	0.023388	0.024125	0.025375	0.026112
Fibonacci	0.021487	0.022246	0.022715	0.023474	0.024233	0.024702	0.025461

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.014972	0.018961	0.021321	0.025310	0.027670	0.031659	0.034019
Camarilla	0.021935	0.022517	0.023099	0.023681	0.024263	0.024845	0.025427
Woodie	0.014158	0.018554	0.020507	0.024903	0.026856	0.031252	0.033205
Fibonacci	0.018961	0.021386	0.022885	0.025310	0.027735	0.029234	0.031659

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006788	0.013501	0.019674	0.026387	0.032560	0.039273	0.045446
Camarilla	0.022304	0.023486	0.024667	0.025848	0.027029	0.028210	0.029392
Woodie	0.006519	0.013366	0.019405	0.026252	0.032291	0.039138	0.045177
Fibonacci	0.013501	0.018423	0.021464	0.026387	0.031309	0.034350	0.039273

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):	44.04
MACD (12,26,9):	-0.0001
Directional Movement:	-4.739893
AROON (14):	71.428571
DEMA (21):	0.023263
Parabolic SAR (0,02-0,02-0,2):	0.023813
Elder Ray (13):	-0.000170
Super Trend (3,10):	0.022087
Zig ZAG (10):	0.023280
VORTEX (21):	0.9672
Stochastique (14,3,5):	62.26
TEMA (21):	0.023240
Williams %R (14):	-47.30
Chande Momentum Oscillator (20):	-0.000070
Repulse (5,40,3):	-0.5124
ROCnROLL:	-1
TRIX (15,9):	-0.0259
Courbe Coppock:	0.80

MA7:	0.022737
MA20:	0.025549
MA50:	0.026485
MA100:	0.029939
MAexp7:	0.023317
MAexp20:	0.023361
MAexp50:	0.023291
MAexp100:	0.023218
Price / MA7:	+3.66%
Price / MA20:	-7.75%
Price / MA50:	-11.01%
Price / MA100:	-21.27%
Price / MAexp7:	+1.09%
Price / MAexp20:	+0.89%
Price / MAexp50:	+1.20%
Price / MAexp100:	+1.52%

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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