$VELODROME
Get ready for the Next Wave Guys
velodrome has broken the resistance level and is now trading at above 0.20 keep eyes on it guys .it will go up to 0.24 today or tomorrow
you can open long positon in future with 10x leverage
it's time to make money guys
As of December 18, 2024, Velodrome Finance
Technical analysis
Technical Indicators:
Moving Averages (MAs): The 10-day Exponential Moving Average (EMA) is at $0.2017, indicating a bearish trend as the current price is below this level.
Relative Strength Index (RSI): The 14-day RSI is at 55.16, suggesting neutral momentum without clear overbought or oversold conditions.
Parabolic SAR (Stop and Reverse): The SAR value is at $0.2017, indicating a slightly bearish trend.
Support and Resistance Levels:
Support: The immediate support level is at $0.1984.
Resistance: The immediate resistance level is at $0.2470.
Trade Signals:
Bearish Scenario: If the price falls below the SAR level of $0.2017, it may indicate a continuation of the bearish trend, with potential targets at the support level of $0.1984 and further down to $0.1900.
Bullish Reversal: A break above $0.2150 could suggest a bullish reversal, targeting $0.2250 and potentially reaching the resistance at $0.2470.
Conclusion:
The current technical analysis presents mixed signals for VELO. Traders should monitor key levels and indicators closely, considering both bearish and bullish scenarios, and adjust their strategies accordingly.