VECHAIN - VET/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - 1H - Technical analysis published on 12/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

44%

50%

My opinion

Bearish under 0.056721 USD

My targets

0.051370 USD (-6.98%)

0.046272 USD (-16.22%)

My analysis

The basic trend is very bearish on VECHAIN - VET/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on VECHAIN - VET/USD. As long as you stay below the resistance 0.056721 USD, sellers' retain the upper hand. A break in the support at 0.051370 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 0.046272 USD as an objective. Crossing it would then enable sellers to target 0.045491 USD. If the price were to depress the resistance 0.056721 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

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

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

The VECHAIN - VET/USD rating is 0.055227 USD. The price registered a decrease of -0.92% on the session and was traded between 0.052719 USD and 0.057100 USD over the period. The price is currently at +4.76% from its lowest and -3.28% from its highest.

0.052719

0.057100

0.055227

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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 on VECHAIN - VET/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of VECHAIN - VET/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.037960	0.045491	0.051370	0.055227	0.061709	0.065431	0.070317
Change (%)	-31.27%	-17.63%	-6.98%	-	+11.74%	+18.48%	+27.32%
Change	-0.017267	-0.009736	-0.003857	-	+0.006482	+0.010204	+0.015090
Level	Minor	Minor	Major	-	Intermediate	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	0.042435	0.046662	0.051199	0.055426	0.059963	0.064190	0.068727
Camarilla	0.053327	0.054130	0.054934	0.055737	0.056540	0.057344	0.058147
Woodie	0.042591	0.046740	0.051355	0.055504	0.060119	0.064268	0.068883
Fibonacci	0.046662	0.050010	0.052078	0.055426	0.058774	0.060842	0.064190

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008671	0.025883	0.046272	0.063484	0.083873	0.101085	0.121474
Camarilla	0.056320	0.059767	0.063213	0.066660	0.070107	0.073554	0.077000
Woodie	0.010259	0.026677	0.047860	0.064278	0.085461	0.101879	0.123062
Fibonacci	0.025883	0.040247	0.049121	0.063484	0.077848	0.086722	0.101085

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.002899	0.007918	0.026911	0.037728	0.056721	0.067538	0.086531
Camarilla	0.037707	0.040440	0.043172	0.045905	0.048638	0.051370	0.054103
Woodie	0.001190	0.009962	0.031000	0.039772	0.060810	0.069582	0.090620
Fibonacci	0.007918	0.019305	0.026340	0.037728	0.049115	0.056150	0.067538

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.81
MACD (12,26,9):	-0.0004
Directional Movement:	-2.643913
AROON (14):	-21.428572
DEMA (21):	0.054436
Parabolic SAR (0,02-0,02-0,2):	0.053575
Elder Ray (13):	0.000320
Super Trend (3,10):	0.061449
Zig ZAG (10):	0.055050
VORTEX (21):	1.0076
Stochastique (14,3,5):	67.31
TEMA (21):	0.055139
Williams %R (14):	-47.54
Chande Momentum Oscillator (20):	-0.000802
Repulse (5,40,3):	-0.0111
ROCnROLL:	-1
TRIX (15,9):	-0.1874
Courbe Coppock:	1.83

MA7:	0.062107
MA20:	0.053329
MA50:	0.036051
MA100:	0.029444
MAexp7:	0.055150
MAexp20:	0.055283
MAexp50:	0.057191
MAexp100:	0.059653
Price / MA7:	-11.08%
Price / MA20:	+3.56%
Price / MA50:	+53.19%
Price / MA100:	+87.57%
Price / MAexp7:	+0.14%
Price / MAexp20:	-0.10%
Price / MAexp50:	-3.43%
Price / MAexp100:	-7.42%

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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