VELO - VELO/USD - Daily - Technical analysis published on 03/16/2023 (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
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
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This analysis was given by VAMACAN. Take part yourself by sharing additional analysis on another time unit:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.006929 | 0.007771 | 0.008376 | 0.009218 | 0.009823 | 0.010665 | 0.011270 |
Camarilla | 0.008583 | 0.008716 | 0.008848 | 0.008981 | 0.009114 | 0.009246 | 0.009379 |
Woodie | 0.006811 | 0.007712 | 0.008258 | 0.009159 | 0.009705 | 0.010606 | 0.011152 |
Fibonacci | 0.007771 | 0.008324 | 0.008665 | 0.009218 | 0.009771 | 0.010112 | 0.010665 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.001384 | 0.003621 | 0.004809 | 0.007046 | 0.008234 | 0.010471 | 0.011659 |
Camarilla | 0.005054 | 0.005368 | 0.005682 | 0.005996 | 0.006310 | 0.006624 | 0.006938 |
Woodie | 0.000859 | 0.003359 | 0.004284 | 0.006784 | 0.007709 | 0.010209 | 0.011134 |
Fibonacci | 0.003621 | 0.004930 | 0.005738 | 0.007046 | 0.008355 | 0.009163 | 0.010471 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.003593 | -0.000673 | 0.005169 | 0.008089 | 0.013931 | 0.016851 | 0.022693 |
Camarilla | 0.008601 | 0.009404 | 0.010207 | 0.011010 | 0.011813 | 0.012616 | 0.013420 |
Woodie | -0.002133 | 0.000058 | 0.006629 | 0.008820 | 0.015391 | 0.017582 | 0.024153 |
Fibonacci | -0.000673 | 0.002674 | 0.004742 | 0.008089 | 0.011436 | 0.013504 | 0.016851 |
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 :
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Real time data
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