VELO - VELO/USD
VELO - VELO/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: VELOUSD
ISIN:

VELO - VELO/USD - Daily - Technical analysis published on 03/16/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.008089 USD
My targets
0.011010 USD (+14.37%)
0.013931 USD (+44.70%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VELO - VELO/USD as long as the price remains well above 0.008089 USD. The buyers' bullish objective is set at 0.011010 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.013931 USD. If there is any crossing, the next objective would be the resistance located at 0.018417 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

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 VAMACAN. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

VELO - VELO/USD rating 0.009627 USD. On the day, this instrument gained +7.19% with the lowest point at 0.008000 USD and the highest point at 0.009778 USD. The deviation from the price is +20.34% for the low point and -1.54% for the high point.

0.008000
0.009778
0.009627

Here is a more detailed summary of the historical variations registered by VELO - VELO/USD:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of VELO - VELO/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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
Price


S3S2S1PriceR1R2
ProTrendLines 0.003345 0.005839 0.008060 0.009627 0.011010 0.018417
Change (%) -65.25% -39.35% -16.28% - +14.37% +91.31%
Change -0.006282 -0.003788 -0.001567 - +0.001383 +0.008790
Level Intermediate Intermediate Minor - Major 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
Standard0.0069290.0077710.0083760.0092180.0098230.0106650.011270
Camarilla0.0085830.0087160.0088480.0089810.0091140.0092460.009379
Woodie0.0068110.0077120.0082580.0091590.0097050.0106060.011152
Fibonacci0.0077710.0083240.0086650.0092180.0097710.0101120.010665


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0013840.0036210.0048090.0070460.0082340.0104710.011659
Camarilla0.0050540.0053680.0056820.0059960.0063100.0066240.006938
Woodie0.0008590.0033590.0042840.0067840.0077090.0102090.011134
Fibonacci0.0036210.0049300.0057380.0070460.0083550.0091630.010471


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.003593-0.0006730.0051690.0080890.0139310.0168510.022693
Camarilla0.0086010.0094040.0102070.0110100.0118130.0126160.013420
Woodie-0.0021330.0000580.0066290.0088200.0153910.0175820.024153
Fibonacci-0.0006730.0026740.0047420.0080890.0114360.0135040.016851

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.62
MACD (12,26,9): 0.0009
Directional Movement: 23.418549
AROON (14): -50.000000
DEMA (21): 0.008599
Parabolic SAR (0,02-0,02-0,2): 0.006104
Elder Ray (13): 0.001112
Super Trend (3,10): 0.005642
Zig ZAG (10): 0.009627
VORTEX (21): 1.1486
Stochastique (14,3,5): 72.52
TEMA (21): 0.008650
Williams %R (14): -10.31
Chande Momentum Oscillator (20): 0.001741
Repulse (5,40,3): 25.3943
ROCnROLL: 1
TRIX (15,9): 2.4974
Courbe Coppock: 14.57
MA7: 0.007651
MA20: 0.008017
MA50: 0.004987
MA100: 0.003329
MAexp7: 0.008269
MAexp20: 0.007302
MAexp50: 0.005628
MAexp100: 0.004886
Price / MA7: +25.83%
Price / MA20: +20.08%
Price / MA50: +93.04%
Price / MA100: +189.19%
Price / MAexp7: +16.42%
Price / MAexp20: +31.84%
Price / MAexp50: +71.06%
Price / MAexp100: +97.03%

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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