VELO - VELO/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	VELOUSDT
ISIN:

VELO - VELO/USDT - Weekly - Technical analysis published on 03/29/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

My opinion

Bearish under 0.013873 USDT

My targets

0.008027 USDT (-1.61%)

0.004913 USDT (-39.77%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VELO - VELO/USDT. As long as you are under the resistance located at 0.013873 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.008027 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.004913 USDT as an objective. If the resistance 0.013873 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.9

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 domdufour. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

VELO - VELO/USDT rating 0.008158 USDT. Over 5 days, this instrument gained +2.67% with the lowest point at 0.006484 USDT and the highest point at 0.008943 USDT. The deviation from the price is +25.82% for the low point and -8.78% for the high point.

0.006484

0.008943

0.008158

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by VELO - VELO/USDT:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of VELO - VELO/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.008158	0.029585	0.512600	1.032000
Change (%)	-	+262.65%	+6,183.40%	+12,550.16%
Change	-	+0.021427	+0.504442	+1.023842
Level	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004844	0.005441	0.006176	0.006773	0.007508	0.008105	0.008840
Camarilla	0.006545	0.006667	0.006789	0.006911	0.007033	0.007155	0.007277
Woodie	0.004913	0.005476	0.006245	0.006808	0.007577	0.008140	0.008909
Fibonacci	0.005441	0.005950	0.006264	0.006773	0.007282	0.007596	0.008105

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003693	0.005303	0.006506	0.008116	0.009319	0.010929	0.012132
Camarilla	0.006934	0.007192	0.007450	0.007708	0.007966	0.008224	0.008482
Woodie	0.003489	0.005201	0.006302	0.008014	0.009115	0.010827	0.011928
Fibonacci	0.005303	0.006378	0.007042	0.008116	0.009191	0.009855	0.010929

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):	46.60
MACD (12,26,9):	-0.0030
Directional Movement:	6.846780
AROON (14):	71.428571
DEMA (21):	0.001185
Parabolic SAR (0,02-0,02-0,2):	0.004649
Elder Ray (13):	0.001056
Super Trend (3,10):	0.001631
Zig ZAG (10):	0.008280
VORTEX (21):	1.0977
Stochastique (14,3,5):	71.42
TEMA (21):	0.013457
Williams %R (14):	-31.55
Chande Momentum Oscillator (20):	0.006398
Repulse (5,40,3):	10.1768
ROCnROLL:	-1
TRIX (15,9):	-5.2214
Courbe Coppock:	875.44

MA7:	0.007402
MA20:	0.008035
MA50:	0.006364
MA100:	0.004232
MAexp7:	0.007397
MAexp20:	0.006894
MAexp50:	0.053233
MAexp100:	0.260709
Price / MA7:	+10.21%
Price / MA20:	+1.53%
Price / MA50:	+28.19%
Price / MA100:	+92.77%
Price / MAexp7:	+10.29%
Price / MAexp20:	+18.33%
Price / MAexp50:	-84.67%
Price / MAexp100:	-96.87%

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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