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 08/19/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.022312 USD

My targets

0.023930 USD (+5.09%)

0.024576 USD (+7.93%)

My analysis

VECHAIN - VET/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.022312 USD. The next resistance located at 0.023930 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.024576 USD. After this resistance, buyers could then target 0.032033 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

VECHAIN - VET/USD rating 0.022771 USD. The price is lower by -0.10% since the last closing with the lowest point at 0.021979 USD and the highest point at 0.023138 USD. The deviation from the price is +3.60% for the low point and -1.59% for the high point.

0.021979

0.023138

0.022771

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.021313	0.022312	0.022651	0.022771	0.023930	0.024576	0.032033
Change (%)	-6.40%	-2.02%	-0.53%	-	+5.09%	+7.93%	+40.67%
Change	-0.001458	-0.000459	-0.000120	-	+0.001159	+0.001805	+0.009262
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.020368	0.021058	0.021926	0.022616	0.023484	0.024174	0.025042
Camarilla	0.022366	0.022508	0.022651	0.022794	0.022937	0.023080	0.023223
Woodie	0.020457	0.021103	0.022015	0.022661	0.023573	0.024219	0.025131
Fibonacci	0.021058	0.021653	0.022021	0.022616	0.023211	0.023579	0.024174

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.017216	0.019201	0.020607	0.022592	0.023998	0.025983	0.027389
Camarilla	0.021082	0.021392	0.021703	0.022014	0.022325	0.022636	0.022947
Woodie	0.016928	0.019056	0.020319	0.022447	0.023710	0.025838	0.027101
Fibonacci	0.019201	0.020496	0.021296	0.022592	0.023887	0.024687	0.025983

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):	54.37
MACD (12,26,9):	0.0001
Directional Movement:	6.846000
AROON (14):	71.428572
DEMA (21):	0.022679
Parabolic SAR (0,02-0,02-0,2):	0.022302
Elder Ray (13):	0.000277
Super Trend (3,10):	0.023968
Zig ZAG (10):	0.022801
VORTEX (21):	1.0428
Stochastique (14,3,5):	80.82
TEMA (21):	0.022703
Williams %R (14):	-29.94
Chande Momentum Oscillator (20):	0.001011
Repulse (5,40,3):	2.2100
ROCnROLL:	1
TRIX (15,9):	0.0142
Courbe Coppock:	3.38

MA7:	0.022496
MA20:	0.023232
MA50:	0.025882
MA100:	0.028753
MAexp7:	0.022691
MAexp20:	0.022570
MAexp50:	0.022464
MAexp100:	0.022472
Price / MA7:	+1.22%
Price / MA20:	-1.98%
Price / MA50:	-12.02%
Price / MA100:	-20.80%
Price / MAexp7:	+0.35%
Price / MAexp20:	+0.89%
Price / MAexp50:	+1.37%
Price / MAexp100:	+1.33%

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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