Technical Watch: Bullish Acceleration on
$VELODROME The candle at the hour closed with clear momentum:
- Price: 0.02456
- Change: +4.64%
- Price-Action Strength: 3.8x higher than usual
- Trading Activity: 4.8x higher than usual
- RSI: 74.8
- Confirmed breakout above the highest point of the last 20 candles
โข Nearest key average: EMA 200 on the 1h timeframe, currently acting as the main support.
Large Timeframe Analysis:
โข 4H: ๐ Mixed โ the last close is above EMA20/200, and below EMA50. The current candle is attempting to break above EMA50 upward; weโre waiting for a close above it for confirmation.
โข 1D: ๐ Mixed โ the last close is above EMA50/200, and below EMA20. The current candle is attempting to break above EMA20 upward; weโre waiting for a close above it for confirmation.
Technical Summary:
โข 1H: ๐ข Strong and confirmed bullish
โข 4H: ๐ Mixed
โข 1D: ๐ Mixed
Fish Hunter
Note: This report is for personal follow-up purposes. Open the coin across multiple timeframes and determine its direction based on your view, then place your trade. Good luck to everyone
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