Technical analysis for VETUSD

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About VETUSD

VETUSD is the abbreviation of VeChainThor against US Dollar meaning that VET is quoted against USD and indicates the amount of USD needed to buy 1 VET token. VeChain was founded in 2015 by Sunny Lu and it started as a subsidiary of Bitse, one of China's largest blockchain companies, and is among the few blockchains that already have a substantial customer base among established companies. VET is the native coin of the VeChainThor platform and is used to send value on the network. VTHO (VeChain Thor Energy) is the second token and it's like gas since it's used to pay for transactions on the VeChain network. The more complex the transaction, the more VTHO is required.