VELO Isn't Done Yet: Positioning for the Breakout!$VELO is shaping up nicely after the recent BMS action above the micro pivot. I'm adding some here, but leaving some space in case we get a dip into the 0.012 zone – that would be perfect for my final buys before a potential move higher.
The weekly and monthly charts are still lagging significantly compared to other coins, showing a stagnating trend. This tells me that while VELO is consolidating, it's not yet in a strong bullish phase. My strategy right now is to anticipate the next signal and position myself as close as possible to the deviation level for optimal risk/reward.
If we do see a deeper retrace, say down to 0.009, I plan to go heavy in at that level, but I doubt we’ll get that low in the short term. That’ll likely be a setup for a longer-term position trade, and I’ll provide an update if we start heading in that direction
VELOUSD
VELOUSDT 1W - Where is the Moon? I cant see it!VELOUSDT 1W: To see the forest we have to move away from it, because otherwise we will only see the trees.
It is difficult to think of VELO at 0.90 at the moment, but this value is only 0.61% of the downward correction that this value has been experiencing.
When the BULLRUN begins, in which values do you think it will be better to be positioned?
We must always take into account what BTC does, which is the conductor of the orchestra for all ALTS.
LEVELS:
SL: 0.012
RESISTANCE: 0.04
LONG-TERM BULLISH OBJECTIVE: 0.90
I share with you my technical analysis assessments on certain values that I follow as part of the strategies that I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments will help you on your own path :)
TradeX BoT (in development):
Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME, and I will keep you informed of the progress we make.
VELOUSDT 1H Correction of 0.61% of FIBONACCIVELOUSDT 1H Correction of 0.61% of FIBONACCI
VELO is within a very wide bullish channel.
Yesterday it launched a candle that touched 0.02 from where it has corrected to the current levels that correspond to 0.61% of FIBONACCI.
Taking the current levels as support, we can position ourselves long looking for the upper part of the channel and take profits at 0.214 that correspond to the extension of -0.27%.
I share with you my technical analysis assessments on certain values that I follow as part of the strategies that I design for my portfolio, but I do not recommend anyone to operate based on these indications. Inform yourself, train yourself and build your own strategies when it comes to investing. I only hope that my assessments help you on your own path :)
TradeX BoT (in development):
Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME, and I will keep you informed of the progress we make.
VELO is readying itself for a SPECTACULAR MOVE!VELO looks to be setting up for what could be a spectacular move! I believe that VELO will appreciate much more in the medium and long term than what is shown on this chart, but this chart is just to visualize a small portion of what I think will come in the future. As a day trader, I'm always looking for these types of setups, but it will be the long-term physical coin holders who will by far do the best!
Good luck, and always use a stop loss!
Is VELO About to Break Out? Here's What You Need to Know!Yello, Paradisers! Have you been watching #VELO closely? After a prolonged downturn, #VELOUSDT is finally showing signs of life, forming a promising double bottom pattern. But the question is—will it break through?
💎VELO is currently challenging a critical range resistance between $0.0125 and $0.01289—also functioning as breakout neckline. If the bulls can push through this resistance with conviction, price could see a breakout initially towards $0.01465, and $0.01610 levels. This is where partial profit-taking remains likely, however the double bottom pattern target is aimed at $0.0182 to $0.01925 levels.
💎VELO has reclaimed all major dynamic EMAs, including the EMA 50 and EMA 200, which are now acting as solid support levels. This important support zone is positioned between $0.01075 to $0.01095 levels. As long as VELO holds these levels, the breakout chances remain high.
💎However, on the other side if sellers manage to push VELO below the $0.007100 level, they could potentially disrupt this bullish setup, leading to idea invalidation and fresh downside.
Remember, Paradisers! Discipline and patience are key. The next move could be a big one, so make sure you're playing it smart! Stay focused, and let the market come to you.
MyCryptoParadise
iFeel the success🌴
velodrome goes to $15this post is dedicated to the change in structure which has taken place since my last velodrome projection, and my slight shift in perspective as to how i'm envisioning the run to come.
unfortunately, tradingview does not share the full history for this pair, so i cannot share my entire projection - but this picture which i am sharing here should suffice.
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velodrome looks to me like a completed bullish 1-2 wave, ready to run into the months ahead. the 1 day, 3 day, and weekly oscillators have printed a hidden bullish divergence and are starting to cross bullish this week. there is a lot of innovation behind this particular project, so i'm giving it a conservative upside target of $15 into the end of this year.
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w3 target = $3.00
w4 target = $0.70
w5 target = $15.00
🌙
defi summerthis chart portrays the total market cap of the defi dominance.
it's currently sitting at 3.98% with an inverse h&s on a weekly timeframe.
my projected upside target sits at the ath of about 7.95%
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the last meaningful defi summer we experienced was in 2020.
☀
let's make this one count.
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i'm projecting this defi market cap dominance to hit 8% into the presidential election where a soft top will likely be created.
i've shared a lot of plays over the last few months with our members, and we're just chilling into november.
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tldr; hodl into a 3-4 month long alt season, and tp into the presidential election.
VELODROME (VELO)Velodrome (VELO) is a liquidity and trading platform specifically designed for optimized token swaps and efficient liquidity provision on the Optimism layer-2 network. Its key features include strategic liquidity deployment and in-depth analytics to maximize returns for liquidity providers, leveraging the scalability and low transaction costs provided by Optimism.
Currently, the price of Velodrome (VELO) is $0.15 with a 24-hour trading volume of $5 million. VELO has seen an increase of 10% in the last 24 hours, suggesting a positive market response to its liquidity solutions and integration with the Optimism network.
In light of Velodrome's niche in facilitating efficient decentralized finance operations and its recent performance indicators, the next price targets for VELO could be considered at $0.27, $0.315, and $0.65. Traders might look to engage at the present price. This trade idea taps into the ongoing expansion of DeFi on scalable networks, with Velodrome poised to capitalize on increasing liquidity demands and trading volumes within this ecosystem.
VELO about to bounce?That token has been in a solid decline of >99% WOW
We see:
1) Price has reached 1.618 extension where price could reserve
2) Broke the bottom of the trend channel
3) RSI double bottom
4) RSI Bullish divergency
Lookout:
Expecting this to at least do a bear rally up to midline (2.5x 0.236 confluence) or top of channel (10x, nice confluence 0.382)
Hold my beer pls
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No financial advice, do your own research, don't be stupid