Free Velas (VLX) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Buy Hold Hold
Last Update / Period
12 May / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Velas (VLX) signal with technical analysis on 12 May

On 12 May, we conducted a comprehensive technical analysis of Velas (VLX), considering 256 signals with intricate details. Here are the key findings: 121 signals suggested buy strategies, while 20 indicated sell strategies. The remaining 115 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 27
Sell Signals: 9
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 32
Sell Signals: 3
Neutral Signals: 29
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 26
Sell Signals: 6
Neutral Signals: 32
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 36
Sell Signals: 2
Neutral Signals: 26
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 121
Sell Signals: 20
Neutral Signals: 115
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Velas (VLX) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Velas (VLX) on , there appears to be a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and investment decisions should be made carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


Based on the signals, we offer the following recommendations:

Velas (VLX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, based on the consensus of our technical analysis signals, it is advised to maintain your current position with increased vigilance and caution. However, always be careful and closely monitor market developments.

Velas (VLX) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to carefully time your exit based on the combination of technical analysis signals. If you have a high risk tolerance, consider waiting for potential market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it is advisable to consider the projected price range. This range represents a potential upside of 37.39%, determined by the highest predicted price. However, before initiating a buy position, conduct thorough research to ensure it fits your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial to managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend using the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions regarding your **Velas (VLX)** holdings.

Velas (VLX) Price Analysis and Resistance Levels:

Given our current long position in Velas (VLX), analyzing key resistance levels is crucial to better understand its price movement. These resistance levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (0.00571): The primary hurdle is the 0.00571 price level. If the prevailing trend remains unchanged, Velas (VLX) could break above this level, indicating its strength and potential for further growth.

Second resistance level (0.00587): If the upward trend shows significant strength, Velas (VLX) may cross the second resistance level at 0.00587, signaling a significant upside move and a promising direction for our position.

Third resistance level (0.00735): For a more comprehensive analysis, we should consider a scenario where Velas (VLX) not only breaks the second resistance level but also holds its price above this benchmark. If this trend continues in the coming days, it could pave the way for Velas (VLX) to reach the third resistance level at 0.00735.
It's crucial to monitor these resistance levels closely and understand them within the context of overall market trends and indicators. To make informed decisions while trading Velas (VLX), stay alert and continuously analyze the market. By considering these resistance levels and broader market dynamics, you can make smarter trading choices and better adapt to the evolving nature of this market.

Velas (VLX) technical analysis chart

Velas (VLX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.00571 0.00587 0.00735 0.01181 0.01846
Support 0.00401 0.00354 -- -- --
 Velas (VLX) Support and Resistance area (12 May)  Velas (VLX) Support and Resistance area (12 May)

Velas (VLX) signals list for 12 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Velas (VLX) candlestick patterns on 12 May

Today's Velas (VLX) Candle Patterns List:

Spinning Top

Velas (VLX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 11 May Hold HoldHoldHoldHold
2 10 May Hold HoldHoldHoldHold
3 09 May Hold HoldHoldHoldHold
4 08 May Buy BuyBuyBuyBuy
5 07 May Hold NeutralHoldNeutralNeutral
6 06 May Sell HoldSellSellSell
7 05 May Hold HoldNeutralNeutralNeutral
8 04 May Sell SellNeutralSellSell
9 03 May Buy HoldHoldHoldBuy
10 02 May Buy HoldHoldBuyNeutral
11 01 May Hold HoldBuyNeutralHold
12 30 Apr Buy BuyNeutralBuyBuy
13 29 Apr Hold HoldNeutralNeutralNeutral
14 28 Apr Sell HoldSellNeutralSell
15 27 Apr Hold HoldBuyNeutralNeutral
16 26 Apr Sell HoldNeutralNeutralHold
17 25 Apr Sell SellNeutralNeutralSell
18 24 Apr Buy BuyHoldBuyNeutral
19 23 Apr Hold NeutralHoldNeutralNeutral
20 22 Apr Buy BuyBuyNeutralNeutral
21 21 Apr Sell NeutralNeutralSellHold
22 20 Apr Sell HoldHoldNeutralSell
23 19 Apr Buy BuyBuyNeutralNeutral
24 18 Apr Hold NeutralNeutralHoldHold
25 17 Apr Hold HoldNeutralHoldHold
26 16 Apr Hold HoldHoldHoldHold
27 15 Apr Sell SellHoldHoldHold
28 14 Apr Sell NeutralSellHoldHold
29 13 Apr Hold HoldNeutralHoldHold
30 12 Apr Buy BuyNeutralHoldHold

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