VELO - VELO/USDT - Daily - Technical analysis published on 02/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.010144 USDT
My targets
0.012288 USDT (+14.20%)
0.016222 USDT (+50.76%)
My analysis
The bullish trend is currently very strong on VELO - VELO/USDT. As long as the price remains above the support at 0.010144 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.012288 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.016222 USDT as an objective. Crossing it would then enable buyers to target 0.017500 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by domdufour. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VELO - VELO/USDT rating 0.010760 USDT. The price registered an increase of +23.07% on the session and was traded between 0.007652 USDT and 0.011140 USDT over the period. The price is currently at +40.62% from its lowest and -3.41% from its highest.0.007652
0.011140
0.010760
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of VELO - VELO/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.003068 | 0.006220 | 0.007784 | 0.010760 | 0.017500 | 0.021720 | 0.029585 |
| Change (%) | -71.49% | -42.19% | -27.66% | - | +62.64% | +101.86% | +174.95% |
| Change | -0.007692 | -0.004540 | -0.002976 | - | +0.006740 | +0.010960 | +0.018825 |
| Level | Major | Major | Minor | - | Minor | Intermediate | 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 | 0.004321 | 0.005327 | 0.007035 | 0.008041 | 0.009749 | 0.010755 | 0.012463 |
| Camarilla | 0.007997 | 0.008245 | 0.008494 | 0.008743 | 0.008992 | 0.009241 | 0.009489 |
| Woodie | 0.004672 | 0.005503 | 0.007386 | 0.008217 | 0.010100 | 0.010931 | 0.012814 |
| Fibonacci | 0.005327 | 0.006364 | 0.007004 | 0.008041 | 0.009078 | 0.009718 | 0.010755 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.002012 | 0.000132 | 0.004066 | 0.006210 | 0.010144 | 0.012288 | 0.016222 |
| Camarilla | 0.006329 | 0.006886 | 0.007443 | 0.008000 | 0.008557 | 0.009114 | 0.009672 |
| Woodie | -0.001117 | 0.000580 | 0.004961 | 0.006658 | 0.011039 | 0.012736 | 0.017117 |
| Fibonacci | 0.000132 | 0.002454 | 0.003888 | 0.006210 | 0.008532 | 0.009966 | 0.012288 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000842 | 0.000413 | 0.001425 | 0.002680 | 0.003692 | 0.004947 | 0.005959 |
| Camarilla | 0.001813 | 0.002020 | 0.002228 | 0.002436 | 0.002644 | 0.002852 | 0.003059 |
| Woodie | -0.000965 | 0.000352 | 0.001303 | 0.002619 | 0.003570 | 0.004886 | 0.005837 |
| Fibonacci | 0.000413 | 0.001279 | 0.001814 | 0.002680 | 0.003546 | 0.004081 | 0.004947 |
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): | 82.88 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 50.696859 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.006716 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004281 | |
| Elder Ray (13): | 0.003476 | |
| Super Trend (3,10): | 0.005175 | |
| Zig ZAG (10): | 0.010760 | |
| VORTEX (21): | 1.2590 | |
| Stochastique (14,3,5): | 88.61 | |
| TEMA (21): | 0.007947 | |
| Williams %R (14): | -4.24 | |
| Chande Momentum Oscillator (20): | 0.008558 | |
| Repulse (5,40,3): | 62.6570 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.8128 | |
| Courbe Coppock: | 375.42 |
| MA7: | 0.006958 | |
| MA20: | 0.004100 | |
| MA50: | 0.003112 | |
| MA100: | 0.002262 | |
| MAexp7: | 0.007402 | |
| MAexp20: | 0.005014 | |
| MAexp50: | 0.003595 | |
| MAexp100: | 0.003702 | |
| Price / MA7: | +54.64% | |
| Price / MA20: | +162.44% | |
| Price / MA50: | +245.76% | |
| Price / MA100: | +375.69% | |
| Price / MAexp7: | +45.37% | |
| Price / MAexp20: | +114.60% | |
| Price / MAexp50: | +199.30% | |
| Price / MAexp100: | +190.65% |
Quotes :
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Real time data
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