Some toughts about VELORecently i has seen a huge and fast pump on VELO. I read some people writing like they missed the VELO train. Looking at the daily chart, it's not like that. This is just an early move, the real pump will begin soon. I marked some targets: $0.035, 0.07, 0.1, 0.14. You have all the time to buy and accumulate, considering is actually breaking out from a long accumulation range
VELOUSDT
✴️ Verasity After A 440% Bullish WaveThis is the third one of the "V" Altcoins.
January 2023 produced 440% growth.
A correction follows and ends up in a higher low.
The third wave (Wave 1 January bullish breakout, Wave 2 the correction) is normally the biggest and so we can expect fireworks...
The potential target is mapped on the chart.
Can be less, can be more.
I also mapped for you the invalidation point (support).
Namaste.
✴️ VLX, VELO, VRA All Green!Velas (VLXUSDT) came out of a descending channel and has been green for the past five days.
It seems the KuCoin Altcoins are taking the lead.
The good news is that the entire market move together. You can see how these Altcoins also produced a bullish wave in January.
The fact that they are growing now tells us that the others will follow.
Look at VELOUSDT, this one also growing and I will share VRA for you as well to see what the chart has to say.
Namaste.
✴️ Velo 500 To 800% Growth PotentialVELOUSDT went through a massive 85% correction (-85% from late February 2023 peak to the 25-May low).
This correction pushed prices below the 0.786 Fib. retracement and reached the level where the initial bullish wave took place.
We are now seeing very strong volume, buy volume.
We are seeing a very strong RSI.
We know the Cryptocurrency market is heating up and preparing for a massive bullish wave in the weeks to come.
This is another example, the proof is in the chart.
You can define your own risk and your own targets.
The risk is pretty low at around 20%.
The potential is huge between 500 and 800%.
Namaste.
✴️ VELOUSDT Bear Market Over? (Name Your Altcoin #60)There is no doubt that we underwent a massive bear market.
There is no problem with that, no question...
It is normal and after the bull market comes a bear market.
Now, after the bear market comes a bull market... Forever...
Now again, the question, is the bear market over?
That's the question right?
That's the only question we should be asking.
Let's see what VELOUSDT has to say.
The biggest bearish wave ever starts after the March 2021 peak, VELOUSDT All-Time High (ATH).
By mid-December 2022, more than a year and a half later, a low/bottom is hit.
The reaction after this low answers the question, is the bear market over?
Massive volume.
Super high, ultra-volume and 1,380% growth within 2 months.
Yes, this is the beginning of the bull market.
This type of action only happens after a bottom is in...
You can get a correction but it isn't likely to move below December's 2022 low.
And thus a higher low... Which would then lead to another bullish wave and this cycle repeats for years to come.
It is what it is...
But there is no reason to be mad or sad.
This is awesome.
This is great.
We are trading cryptocurrencies.
We are buying and selling cryptocurrencies.
We want the market to grow.
Even if you are a bear, learn to become a bull because the market is not only down, there is also up.
The bear market is over.
This is my translation of the charts.
Namaste.
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
----
No financial advice, do your own research, don't be stupid
VELOUSDT Technical Analysis⏳ Spot
💎 VELOUSDT has formed a Wedge pattern. After the rejection from the support zone and breaking above the major resistance it is expected to go higher and reach TPs
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.214267 to 0.200376
☕️ TP1 0.229842
🍺 TP2 0.273200
🍻 TP3 0.328344
🍾 TP4 0.375911
🍷 TP5 0.422215
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.200376 to 0.181854
Good Luck 🎲
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VELO going long It is a small cap Alt with less than 100M VELO in circulation. Volatility is highly expected. From the fundamental perspective, VELO team are promising the moon but the reality is far from it. Therefore, I am trading it as a shitcoin and taking it for a ride.
From the TA perceptive, VELO is at rock bottom... very low volume at this stage too. But like all shitcoins, it'll have its day in this boiling bull run.
The RSI is moving upwards from the 40 level after maintaining that level for long.
My entry price is marked in blue, and my exit is set for 300% for now.