VELO - VELO/USDT - 1H - Technical analysis published on 03/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.008839 USDT
My targets
0.010102 USDT (+9.80%)
0.010760 USDT (+16.96%)
My analysis
VELO - VELO/USDT 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 0.008839 USDT. The next resistance located at 0.010102 USDT 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 0.010760 USDT. After this resistance, buyers could then target 0.029585 USDT. 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, 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
8.4
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This analysis was given by Consciousconnection. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VELO - VELO/USDT price is 0.009200 USDT. The price registered an increase of +3.74% on the session and was between 0.007979 USDT and 0.009403 USDT. This implies that the price is at +15.30% from its lowest and at -2.16% from its highest.0.007979
0.009403
0.009200
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VELO - VELO/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of VELO - VELO/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.007784 | 0.008499 | 0.008839 | 0.009200 | 0.010760 | 0.029585 | 0.512600 |
| Change (%) | -15.39% | -7.62% | -3.92% | - | +16.96% | +221.58% | +5,471.74% |
| Change | -0.001416 | -0.000701 | -0.000361 | - | +0.001560 | +0.020385 | +0.503400 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004628 | 0.005567 | 0.007217 | 0.008156 | 0.009806 | 0.010745 | 0.012395 |
| Camarilla | 0.008156 | 0.008393 | 0.008631 | 0.008868 | 0.009105 | 0.009343 | 0.009580 |
| Woodie | 0.004985 | 0.005745 | 0.007574 | 0.008334 | 0.010163 | 0.010923 | 0.012752 |
| Fibonacci | 0.005567 | 0.006556 | 0.007167 | 0.008156 | 0.009145 | 0.009756 | 0.010745 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001807 | 0.003730 | 0.004993 | 0.006916 | 0.008179 | 0.010102 | 0.011365 |
| Camarilla | 0.005380 | 0.005672 | 0.005964 | 0.006256 | 0.006548 | 0.006840 | 0.007132 |
| Woodie | 0.001477 | 0.003565 | 0.004663 | 0.006751 | 0.007849 | 0.009937 | 0.011035 |
| Fibonacci | 0.003730 | 0.004947 | 0.005699 | 0.006916 | 0.008133 | 0.008885 | 0.010102 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.004047 | -0.000933 | 0.004913 | 0.008027 | 0.013873 | 0.016987 | 0.022833 |
| Camarilla | 0.008296 | 0.009117 | 0.009939 | 0.010760 | 0.011581 | 0.012403 | 0.013224 |
| Woodie | -0.002680 | -0.000250 | 0.006280 | 0.008710 | 0.015240 | 0.017670 | 0.024200 |
| Fibonacci | -0.000933 | 0.002489 | 0.004604 | 0.008027 | 0.011449 | 0.013564 | 0.016987 |
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): | 70.09 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 20.858089 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.008975 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.008035 | |
| Elder Ray (13): | 0.000369 | |
| Super Trend (3,10): | 0.007868 | |
| Zig ZAG (10): | 0.009047 | |
| VORTEX (21): | 1.1239 | |
| Stochastique (14,3,5): | 78.16 | |
| TEMA (21): | 0.008963 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.000566 | |
| Repulse (5,40,3): | 4.3055 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7019 | |
| Courbe Coppock: | 2.35 |
| MA7: | 0.007070 | |
| MA20: | 0.007782 | |
| MA50: | 0.004732 | |
| MA100: | 0.003170 | |
| MAexp7: | 0.008792 | |
| MAexp20: | 0.008481 | |
| MAexp50: | 0.007807 | |
| MAexp100: | 0.007300 | |
| Price / MA7: | +30.13% | |
| Price / MA20: | +18.22% | |
| Price / MA50: | +94.42% | |
| Price / MA100: | +190.22% | |
| Price / MAexp7: | +4.64% | |
| Price / MAexp20: | +8.48% | |
| Price / MAexp50: | +17.84% | |
| Price / MAexp100: | +26.03% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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