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VLX

Velas with BIG UPDATE: VELAS 2.0 IS A GAME CHANGER IN CRYPTOTechnical Analysis for Velas (VLX) Velas 2.0 represents a significant upgrade to the Velas blockchain, enhancing its scalability, security, and user experience. This update introduces several key features: Enhanced Performance: Velas 2.0 offers improved transaction throughput and reduced latency, enabling faster and more efficient operations. Advanced Security Measures: The update incorporates robust security protocols to safeguard user assets and data against potential threats. User-Friendly Interfaces: Velas 2.0 provides intuitive interfaces for both developers and users, simplifying interactions with the blockchain. Expanded Ecosystem Support: The upgrade facilitates seamless integration with various decentralized applications (dApps) and services, broadening the Velas ecosystem. Price Action & Trend: Current Trend: The chart indicates that Velas (VLX) has been in a descending channel, with price movement within this range. It appears to be moving between resistance and support levels. Resistance & Support Levels: Key Resistance Levels: The resistance levels are noted at around 0.02700 and 0.02517, which have proven to be significant barriers in the past. Key Support Levels: Support is identified in the range around 0.01400, with a consolidation zone suggesting strong buyer interest near this level. Indicators: VMC Cipher B Divergences: The VMC Cipher B indicator suggests that price might be moving in a more stable range or could potentially reverse if further divergence is observed. Currently, the signal is showing some signs of bullish divergence, meaning there might be a potential price breakout to the upside soon. RSI (Relative Strength Index): The RSI value is currently at 57.34, indicating that the asset is in the neutral zone. It is neither overbought nor oversold, suggesting that there could still be room for price movement in either direction. If the RSI approaches 70 (overbought), it may signal a potential reversal downward. Stochastic Oscillator: The Stochastic Oscillator is at 57.26, which is also in the middle of the scale, confirming the neutral sentiment. If this indicator moves above 80, it could indicate overbought conditions, while a drop below 20 might signal an oversold condition and potential price reversal to the upside. Current Momentum: The ascending channel suggests potential upward momentum, particularly if price breaks the resistance level near 0.017971. Market Sentiment: Given the announcement of Velas 2.0, there could be positive news driving the price surge, and with continued positive sentiment, further movement towards 0.02500 could be expected. Trading Plan: Bullish Scenario: Entry: A break above the resistance zone of 0.017971 could be considered a signal for entering a long position. The next potential target would be the 0.02000 resistance level. Take Profit: Set the first take-profit target around 0.02500. A second target could be near the 0.02700 zone, depending on market momentum. Stop Loss: Place a stop-loss just below the support level of 0.01400 or the recent swing low to protect against significant losses. Bearish Scenario: Entry: If the price fails to break above resistance and starts moving back down towards 0.01400, a short position could be considered. Monitor the RSI and Stochastic Oscillator for oversold conditions as confirmation. Take Profit: In the case of a bearish trend, aim for take-profit targets near 0.01195 and 0.01000. Stop Loss: Set the stop-loss just above the previous resistance level around 0.017971 to minimize losses. Neutral Scenario: In a scenario where price fluctuates between the support and resistance levels, consider a range trading strategy. Buy near the support zone and sell near the resistance zone, using shorter timeframes for better entry and exit points. Fundamental Catalyst: The Velas 2.0 announcement is a key event that could lead to a potential price surge. Monitor any news or updates from the project, as these may drive the price upward, influencing both short-term and long-term movements. This analysis and plan should be used to guide your trading decisions, but it's essential to regularly reassess the market and adjust your strategy accordingly, especially with the developments in the cryptocurrency space.
CRYPTO:VLXUSDLong
by elfabiiani
1
Velas is the real monster! Skyrocketing + Solana fork on horizonTechnical Analysis for VELAS Cryptocurrency VELAS ( LSE:VLX ) is currently at a very low market cap, presenting a tremendous opportunity for investors and crypto enthusiasts. As one of the most promising projects in the blockchain space, VELAS is working on a groundbreaking fork of Solana, a move that could drastically enhance its scalability and performance. Once the fork is completed and the full potential of the technology is realized, the price is expected to skyrocket, positioning VELAS as one of the top contenders in the crypto market. Now is the perfect moment to closely monitor LSE:VLX , as the project is on the cusp of significant development and growth. Market Overview: At present, VELAS remains under the radar for many investors, with its market cap being relatively small. However, this presents a unique opportunity for those who understand the project's long-term potential. The current market conditions offer a window to enter at an attractive price point before the inevitable surge once the Solana fork is completed. Key Fundamentals: Solana Fork: VELAS’s primary focus is to fork Solana’s high-speed, scalable blockchain technology, which offers significant improvements in transaction speeds and lower fees compared to other blockchains. Project Team and Development: The development team is focused on optimizing the codebase to ensure that the VELAS network will be capable of handling millions of transactions per second (TPS) without sacrificing decentralization. Partnerships and Ecosystem Growth: VELAS has been actively seeking strategic partnerships with decentralized finance (DeFi) projects, NFT platforms, and major players in the Web3 space. As the ecosystem grows, it will bolster the demand for LSE:VLX tokens. Technical Indicators: Price Action: Currently, VELAS is trading in a consolidation phase after a slight dip in its price. This is typical for assets before major updates or forks are launched. Traders and investors should keep an eye on support levels around the $0.30–$0.35 range. A breakout above the resistance at $0.50 would signal the start of a bullish trend. Moving Averages: The 50-day and 200-day moving averages are converging, which often indicates that a breakout is on the horizon. This crossover will serve as a critical indicator of a trend shift from bearish to bullish. RSI (Relative Strength Index): The RSI currently sits below 40, indicating that LSE:VLX is in oversold territory, which suggests the potential for an upcoming rally. This could present an entry point for those looking to capitalize on the upcoming price surge. MACD (Moving Average Convergence Divergence): The MACD is showing signs of positive momentum, and the histogram is beginning to turn upward, which could signal that the price is gearing up for an upward move. Support and Resistance Levels: Support Level: $0.30 is the critical support level for VELAS. Should the price dip below this level, further downside is possible, but the project’s long-term prospects make this a likely bounce point. Resistance Levels: The first major resistance is $0.50, followed by the psychological barrier of $1. If VELAS can break these resistance levels, it could quickly gain significant upward momentum, especially with the completion of the Solana fork. Trade Setup: Entry Point: Now and on spot trading only! VELAS is a high-potential cryptocurrency that is at the intersection of low market cap and major technological advancements, particularly with its Solana fork. The current price offers an enticing entry point for investors looking to position themselves before the upcoming price surge. By utilizing technical indicators and monitoring key support and resistance levels, you can develop a solid strategy to trade VELAS effectively. With the Solana fork on the horizon, VELAS is well-positioned to experience a significant rise in its value in the coming months.
CRYPTO:VLXUSDLong
by elfabiiani
VELAS is ready to fly (Alex Alexandrow is back)🚀 VELAS: The Future of Blockchain! 🚀 NOW is the time to act on VELAS ( LSE:VLX )! With the return of Alex Alexandrow, a pivotal figure in the Velas ecosystem, the project is re-energized, and bullish momentum is about to take off. This is your chance to get in at the right time before Velas rockets up. The chart shows a clear bullish reversal pattern, signaling a massive breakout potential! The clock is ticking, be part of the next wave in crypto! Technical Analysis of VELAS ( LSE:VLX ) by Blaž Fabjan The 1-hour chart of VELAS shows the formation of a classic falling wedge pattern, which is a well-known bullish reversal signal. Here's a detailed breakdown: Falling Wedge: Bullish Reversal Support and Resistance: The wedge pattern is narrowing, indicating that the price has been consolidating, building pressure for a breakout. Breakout Imminent: As the price has broken out of the wedge, this confirms a potential bullish reversal. Expect upward momentum in the near future. Technical Indicators VMC Cipher B (Volatility & Momentum): The indicator shows signs of divergence, with momentum shifting towards bullish territory. Expect increased buying pressure soon. Look for key bullish signals like green dots or a shift in the oscillator for confirmation. RSI (Relative Strength Index): RSI is hovering around 44.7, indicating that the asset is neutral but leaning towards an oversold condition. This suggests the price is ready to rise as momentum builds. Stochastic Oscillator: The stochastic is bouncing from a low of 47, indicating that bullish momentum is starting to pick up. Crossovers here signal a potential upward trend. Key Levels to Watch Immediate Resistance: $0.01194 — this level is crucial for confirming the bullish reversal. Once broken, it opens the door for further gains. Next Targets: After surpassing $0.01194, the next target is around $0.0166, which is the previous high and a major psychological barrier. Support: $0.01115 — should act as strong support if prices retest this level during a short-term pullback. Trading Plan for VELAS Entry Strategy: Entry Zone: $0.0112 to $0.0115 — this area offers a prime buying opportunity with minimum downside risk. Set limit orders in this range. Breakout Buy: If Velas breaks above $0.01194 (resistance), a momentum trade can be initiated, targeting the $0.0166 level. Stop Loss: $0.0108 — place a stop loss below this level, ensuring protection against any sudden downside moves while allowing enough room for price fluctuation during consolidation. Take Profit Targets: $0.014 (Short-term) $0.0166 (Medium-term) $0.017 and beyond (Long-term upside potential) Risk Management: Risk-to-reward ratio should be at least 1:3. Allocate no more than 2-3% of your total portfolio to each trade, maintaining a balanced exposure. Velas is Ready to Fly 🚀 With the technical patterns aligning and the return of key leadership, VELAS is poised for a bullish breakout. This presents a golden opportunity for both short-term traders and long-term investors. Don’t wait too long—once the breakout happens, the price could surge quickly! Start building your positions now before the hype takes this token to new heights is my advice :) Best regards, Blaž
CRYPTO:VLXUSDLong
by elfabiiani
Technical Analysis of Velas (VLX) 4-hour time frame Descending Channel: The price is currently moving within a descending channel, indicating a downtrend. However, the annotation suggests a potential bullish breakout if certain conditions (such as deploying a bridge with Solana) are met. Support and Resistance Levels: The chart shows several horizontal lines representing support and resistance levels: Resistance at approximately $0.011946, $0.009130, and $0.007360. Support at approximately $0.005267 and $0.003000. Indicators Used: Market Cipher B: Shows divergences and other momentum oscillators. RSI (Relative Strength Index): Currently around 23.79, indicating oversold conditions. Stochastic Oscillator: Indicates a possible reversal, with current readings suggesting a bottoming out. Annotated Points: A "Strong Buy Position" is indicated near the bottom of the descending channel, suggesting this as a potential entry point for a long position. A bullish movement is expected, provided there is a catalyst (like a bridge deployment with Solana). Trading Plan Intraday Trading Entry Point: Look for entry around the current support level of $0.005267, especially if there are bullish signals like a bullish divergence on Market Cipher B or a crossover on the Stochastic. Target Levels: Consider scaling out of positions near the immediate resistance at $0.007360. Stop Loss: Place a stop loss slightly below the support at $0.005267 to minimize risk. Additional Notes: Since RSI is oversold, any bounce could be sharp, so be ready to manage trades actively. Scalping Entry Point: Enter positions on short-term oversold conditions, especially when the Stochastic Oscillator crosses upwards in the lower range (20-25). Target Levels: Aim for quick profits, targeting 1-2% moves within the support-resistance range. Stop Loss: Tight stop loss to avoid getting caught in a larger downward move, around 0.5% below the entry price. Additional Notes: Monitor the price action closely around key support and resistance levels, and consider using a trailing stop to lock in profits as soon as the trade moves in your favor. Swing Trading Entry Point: Consider entering a position near the current support level or after a confirmed breakout above $0.007360. Target Levels: First target at $0.009130, the next significant resistance level. Second target around $0.011946 if momentum continues. Stop Loss: A stop loss slightly below $0.005267 or based on a confirmed breakdown of the descending channel. Holding Period: Expect to hold the position for several days to weeks, depending on how the market evolves and any news regarding partnerships or technological developments. Long Position Advice: Given the current oversold conditions on both RSI and the Stochastic Oscillator, there is a good probability of a short-term bounce. However, the broader trend remains down within the descending channel, so caution is warranted. Risk Management: Ensure you have clear stop losses and are ready to exit if the price falls below key support levels, as the descending channel indicates the possibility of continued downtrend until a breakout is confirmed. Catalyst to Watch: Keep an eye on any news or announcements regarding Velas, particularly related to the Solana bridge, as this could trigger the anticipated bullish move. Given the indicators and market structure, a cautiously optimistic approach seems prudent. If the price breaks out of the descending channel with volume, a more aggressive long position could be considered.
CRYPTO:VLXUSDLong
by elfabiiani
Technical Analysis and Trading Plan for Velas (VLX) Technical Analysis Velas (VLX) is currently in a descending channel. This pattern suggests a bearish trend in the short term, but there is potential for a bullish reversal if certain conditions are met. Descending Channel: The price is moving within a downward sloping channel, characterized by lower highs and lower lows. This pattern indicates ongoing selling pressure. Bullish Divergence: The VMC Cipher B indicator shows a series of bullish divergences, where the price is making lower lows, but the indicator is making higher lows. This often precedes a trend reversal. RSI and Stochastic Oscillator: Both the RSI and the Stochastic Oscillator are in oversold territory, suggesting that the selling pressure may be exhausted and a rebound could be imminent. Moreover, the Solana-Velas bridge is part of a broader initiative to improve cross-chain interoperability. This will allow assets to move freely between the two ecosystems, enhancing liquidity and usability across platforms​. Trading Plan for Spot Trading Given the technical indicators and recent news, here is a potential trading plan for Velas (VLX): Entry Point: Look for a breakout above the upper boundary of the descending channel with a confirmed bullish divergence. An ideal entry would be around $0.0098 - $0.0100, once the price shows signs of stabilization and reversal. Take Profit: Target the next significant resistance levels. A reasonable first target would be around $0.0120, with a secondary target at $0.0150 if the bullish momentum continues. Monitoring News Keep an eye on updates regarding the Solana-Velas bridge deployment. Positive developments or official announcements about the bridge going live could serve as strong catalysts for upward price movement. Regularly check news outlets and the official Velas and Solana channels for the latest information. By following this technical analysis and trading plan, you can strategically position yourself to capitalize on potential bullish movements in Velas while managing your risks effectively.
CRYPTO:VLXUSDLong
by elfabiiani
✴️ 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.
VLong
by AlanSantana
VLXUSDT Bearish trend but look for potential reversal on the VI.The bearish trend prevailed on Velas (VLXUSDT) and on the short-term it is extending the selling pressure towards the April 27 Low. I have used the Fibonacci retracement and extension levels to give us a better perspective on how the targets may be more efficiently narrowed down. Our eyes this time are on the Vortex Indicator (VI) on the 1D time-frame, which after a failed Bullish Cross signal, it now turned sideways indicating potential high volatility and trend indecisiveness. As you see, this indicator has been higly efficient as since late October it provided ten signals which at least on the following 1D candle extended the trend. In order to limit the risk on this highly volatile short-term environment, it is best to wait for the next clear Cross (either bullish or bearish) on the 1D Vortex Indicator and trade to that direction, using the Fibonacci levels as targets. If you are a buyer and have a more macro-perspective, keep an eye on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) for a confirmed long-term bullish trend. Overall we think Velas will offer great returns on the long-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
VLXUSDT on +125%, strongest 3day rally of 2022. What's next?The Velas coin (VLXUSDT) completed yesterday a +125% 3-day streak, which is the strongest 3-day rally since the +258% of November 03 2021. By doing so, the price broke above the 1D MA50 (blue trend-line) but failed to close above it. This should be enough to put an end to this rally for at least 1-3 days but the true technical Resistance remains the 1D MA200 (orange trend-line), with Velas failing to close above since February 23. The long-term pattern remains a Channel Down since late 2021. Actually as long as the price trades below the 0.29000 Resistance formed of the April 06 High, the trend remains bearish. That is the Resistance of a potential Inverse Head and Shoulders (IH&S) pattern, that happens to be almost where the 1D MA200 is. This is a pattern technically seen during downtrends such as the current one, and typically forms bottoms and kick-starts bullish reversals. The last similar pattern failed to break above its Resistance on January 04, even though its was not during a downtrend. So you realize how critical the 0.29000 Resistance level is. Note that the RSI on the 1W time-frame has been trading and closing below its MA line (yellow) since November 30. A 1W closing above it, should be enough to restore the long-term bullish trend, especially if it coincides with a break above the 0.29000 Resistance. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
VLXUSDT Excellent short-term buy signalVelas (VLXUSDT) has been trading within a Channel Down on the 4H time-frame since the January 22 low. So far the pattern has made two Lower Highs and two Lower Lows, with the last contact with the bottom of the Channel two days ago, potentially being the third Lower Low. If the pattern continues to replicate the Lower Highs with near perfect symmetry, we can expect the next rise to top a little below the 0.786 Fibonacci retracement level, which is now at 0.2739. During the last bullish leg to a Lower High, the trigger was the break above the 4H MA100 (green trend-line). At the moment the 4H MA100 is a little below the 0.382, you may wait for tis confirmation but if you seek higher returns, buying now is also justified as the bottom of the Channel Down has been hit. Excellent short-term trade on Velas, a coin with equally excellent long-term potential. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
VLX - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. VLX is sitting around a strong demand zone in green so we will be looking for buy setups. on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective. Meanwhile, since VLX is sitting inside our demand zone, we will be looking for buy setups on lower timeframes. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
VLong
by TheSignalyst
12
VLXUSDT A weekly perspective. Long-term potential for $1.50.This is my first analysis of Velas (VLXUSDT) on the weekly (1W) time-frame. And the reason I do so, is to bring you a fresh perspective on how strong the long-term upside potential is on this token. ** The 1D MA50/200 and Fibinacci Channel ** First of all, even though the time-frame is 1W, I've plotted the 1D MA50 (yellow trend-line) and the 1D MA200 (red trend-line) in order to identify price shifts. Every time the 1D MA50 crosses above the 1D MA200, it forms the technically bullish Golden Cross pattern. In the previous two Cycles, the Golden Cross was formed when the price had already broken above the Lower Highs trend-line of the Cycle peak. On the current cycle, the price is still trading below the Lower Highs trend-line and with the 1D MA50 supporting, we are closer to a Golden Cross than ever and this time may take place below the Lower Highs for the first time. As you see, Velas' price action since it first started trading can be charted within a Channel Up. I've used a Fibonacci Channel to illustrate how high it can get on the next Cycle peak. This Cycle has made a Higher bottom relative to the others as it didn't reach as low as the 0.0 Fib level. As a result, there is a Diverging Higher Lows trend-line, which may in turn cause a Diverging Higher High. That aligns perfectly with a modest rise from bottom to peak of +1100% as in the first cycle. That would cause the price to get very close to the 1.5 Fibonacci extension and that is exactly why the Fibonacci Channel is used on this long-term analysis. ** The RSI and LMACD indicators ** The 1W RSI and LMACD indicators, offer an even greater insight in combination with the Fibonacci Channel and the Golden Cross. The RSI is currently above the RSI-based MA (black trend-line), having made a Cross in late March. In past cycles, every time this cross took place, the price candles broke above the 1D MA50 and never closed below it again before the parabolic rally started. Also, the LMACD is close to a Bullish Cross. The last Bullish Cross took place in late August 2021, and practically signaled the start of the Parabolic Rally and break above the Lower Highs trend-lin. ** Conclusion ** This unique 1W analysis definitely shows that VLXUSDT is close to a Parabolic Rally. Right now the price is a great opportunity on a long-term perspective and if the +1100% projection plays out again, then we can expect for VLX to reach a value around $1.50. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
3
VLX - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. VLX is sitting around a strong demand zone in green so we will be looking for buy setups. DAILY: Left Chart VLX formed a valid wedge pattern in blue but it is not ready to go yet. Short-Term Trigger: Waiting for a momentum candle close above the last high to buy. H4: Right Chart Long-Term Trigger: Waiting for a momentum candle close above the upper gray zone for the bulls to take over from a long-term perspective. The upper gray area is the inverse head and shoulders neckline which we can see better from H4 Meanwhile, until the buy is activated, VLX can still trade lower inside the green zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
V
by TheSignalyst
15
VLXUSDT Bull Flag approaching the 1D MA50.Velas (VLXUSDT) has formed a Bull Flag following the rally since the March 18 Low. This analysis is basically an extension of the one published last week, showcasing the importance of the Lower Highs trend-line of November 19 2021, and that as long as it doesn't break, the pull-back will seek the lower Support levels: So far this trend-line hasn't been broken, was on today's post it is important to look into more detail the Support levels involved and comparing them to the symmetrical bottom phase of July - August 2021. ** The 1D MA50 and the RSI ** The first natural Support level is the 1D MA50 (blue trend-line) that is currently at 0.22040. With the Ichimoku having turned green already, the price may bounce any time, but most likely, the market would want to see this level tested as a Support to gain confidence again and attract new buyers. The 1D RSI has been printing the very same sequence as in July - August and if symmetry holds, it should bounce off its 43.000 level. ** The Fibonacci levels ** As far as Fibonacci retracement levels are concerned, the July - August fractal made a first bounce on the 0.618 Fib and a second by breaking a 1D candle wick below it, but closing right back above before the day was over. The 0.618 Fib level on the current phase is roughly 0.1880. ** The Inverse Head and Shoulders ** As mentioned above, it is not necessary for the price to go as low as that level. And a big reason why, is the Inverse Head and Shoulders pattern (IH&S), which is a technical structure formed on market bottoms and leads to an instant trend reversal from bearish to bullish. This is what took place on the July - August fractal. With very symmetrical points, Velas rebounded very aggressively after completing the Right Shoulder of the pattern. On the current formation, the Right Shoulder's Support is around 0.2150. ** Conclusion ** It is not hard to realize that VLXUSDT is a solid buy opportunity on the current levels, despite the potential for slightly lower prices. The minor correction since the April 01 High, should be treated as the buy opportunity for those who missed the bottom last month and invest especially if you are a long-term crypto investor. The potential of this token once the Lower Highs trend-line of November breaks, is x10 return. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
3
VLXUSDT One last barrier to break before making +1000% returns!Velas (VLXUSDT) is currently ahead of a critical moment for its long-term trend. Supported by the 1D MA200 (orange trend-line), having just ten days ago broken above both the 1D MA200 and the 1D MA50 (blue trend-line), it eyes the last barrier of the Lower Highs trend-line. News-wise, as Velas introduces its new Fund & Accelerator program, this may be the right fundamentals to push the price past the Lower Highs trend-line. But let's break down both the Technical and Fundamental outlook into more detail. ** Technical Analysis ** As mentioned, the barrier to break is the Lower Highs trend-line that started after Velas' All Time High on November 19 2021. Since then, the price has been correcting, which is not something we see for the first time. In fact, VLXUSDT had already had two such correction phases, April - August 2021 and June - December 2020, both marked by a Lower Highs trend-line. It was when those Lower Highs broke that the price started a Parabolic Rally, which in both cases measured more than +1000% from the bottom. A proportionate +1100% move (as in early 2021, which was the 'weakest' of the two rallies) from the recent March 18 2022 bottom, would take the price around $1.50. Those would be quite extraordinary returns from the $0.27 it's sitting at currently. Notice that the Ichimoku Cloud has already turned green, which in the past two bullish break-outs was an indicator ahead of the price action, pointing to a break above the Lower Highs. Notice also that we are still far from a 1D Golden Cross (when the 1D MA50 crosses above the 1D MA200) but with the 1D MA50 already shifting upwards for the first time in 2 months, meaning that there is still time for the rise to develop, as in the past two rallies, the Golden Cross was formed during the consolidation phase, half-way through the Parabolic Rally. Last but not least, the 1D RSI also gives a meaningful indication of where we currently are in terms of the previous rallies. As you see, the sequence is very symmetrical with the past two rallies, having already made Higher Highs, which against the price's Lower Highs, indicates a hidden Bullish Divergence. This analogy indicates that based on the past two sequences, we are less than a month away from breaking above the Lower Highs. ** Fundamental Analysis ** So like I mentioned in the prologue, the big development of the week, from a fundamentals perspective, is the introduction of a new fund and accelerator program. The Swiss headquartered company will use its expertise in the crypto and blockchain industry to support talented developers and entrepreneurs. Early in 2022 Velas became a premium partner of the Ferrari Scuderia team. The Velas team continues its path to maximize its presence in the blockchain and cryptocurrency industries by launching a new initiative. The fund will be represented by Velas' new subsidiary company, and it will be managed by a team of professional developers, marketing experts, designers, crypto experts, and more. This team will work together to analyze and estimate the value of crypto projects, startups, and original ideas. Anyone interested in participating will be able to submit an application, which will be reviewed by the fund's panel of judges. Once the projects with the highest potential are approved, participants will get a chance to join the Velas acceleration program. The Velas acceleration program will offer the following services. Development support: If you have an exciting idea but are missing a development team, Velas will assist you in building your project. Mentorship: You will be able to ask our mentors for professional assistance. These experts will help you lead your project and overcome development, networking, and marketing challenges. Acceleration: The fund can help you with any issues related to fundraising, organization of private sales, the project's initial coin offering launch, etc. Marketing support: Velas will ensure the promotion of your project gets maximum exposure. The Velas team will help with creating top-quality content, marketing, and design. The fund also offers a chance to establish partnerships with the most popular crypto influencers and traders (KOL marketing services). This initiative will also help to popularize the VLXUSDT token by being utilized by the accelerator program's projects as a payment method. The Velas blockchain can also be integrated into the projects and startups to provide stability, and the fastest transaction speed with the most reasonable transaction costs on the market. This latest program aligns with Velas reputation as a proponent of new talent in the blockchain and crypto communities. “Velas has always been supporting talented and innovative crypto enthusiasts ready to start working on forward-looking projects,” said Velas CEO, Farkhad Shagulyamov. Speaking on how he believes the program will benefit new developers and the crypto industry as a whole, Shagulyamov added, “I believe that our fund will open new possibilities for them as well as significantly contribute to the development of the whole Velas ecosystem and crypto industry.” The accelerator program will last up to three months. The minimum investment you may be given will be $25000. To receive investment will depend on criteria such as project stage, team expertise, and the development of the project. The program will provide all participants with professional remote assistance. The Velas team has already started collecting the first applications through their existing grants program form. The fund does not yet have specific requirements or policies. All participants with a great idea or a ready-to-launch crypto project can apply for support from Velas. Many talented developers are already sharing their exciting ideas with the Velas fund. The organization will start operating this year, so it's just the right time to start thinking about your crypto project! ** Conclusion ** As you realize from the above Technical and Fundamental Analysis, Velas isn't just ahead of a major bullish technical break-out but at the same time sustained by strong fundamentals that help grow its customer/ holders base. There is no better time to invest on Velas than now, that the rally is still on its early stage and if you are a long-term investor, the $1.50 target mentioned, may be a modest one. Don't miss this chance!! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
2
VLXUSDT Buy the dips on this steady growth. $0.400 before summerThis week Velas (VLXUSDT) made an impressive surge and almost recovered all the loss since the February Highs as it came too close to the 0.2900 Resistance (1) before getting rejected yesterday. On this analysis I will explain, both from a Technical and Fundamental outlook, why buying the dips is the best strategy on this steady rally long-term. ** Technical Analysis ** (Break above the long-term Lower Highs) Initially, we can confirm that the bearish trend on Velas since the early January Highs has been reversed to bullish, as last week (March 25), the price broke above its long-term Lower Highs trend-line that has previously rejected any bullish break-out attempt. (Resistance 1 and Higher Lows) Naturally, investors took advantage of this buy signal and pushed the price to the next barrier, the 0.2900 Resistance (1). This is a methodical buying approach by the market and it should be no surprise that profits got taken right before this major Resistance, as it will be no surprise if dips such as yesterday's will start to get bought above the Higher Lows trend-line of the February 25 Low. (The Golden Cross that delivered) The 4H MA200 (orange trend-line) is supporting currently and we also have to mention at this point that the last 4H Golden Cross (when the MA50 crosses above the MA200) succeeded at delivering a rise (as it should because it is a technical bullish formation), in contrast to the Golden Cross of February 12 that was false and delivered a drop. This is another indication that VLXUSDT has finished its long-term correction and is starting a new Bull Phase. (The RSI and the Fibonacci extension levels) The 4H RSI is near its Support Zone, which further favors systematic buying on the medium-term. Additionally, pay attention to the Fibonacci extension levels. The March 31 (yesterday's) High wasn't just near Resistance (1) but also the 1.5 Fibonacci extension levels. That further supports the argument that the market is on systematic buy mode. Coincidentally, the next Fib extension (2.0) leads to Resistance (2) at 0.3350 and Fib ext 3.0 leads to Resistance (3) at 0.4200. We believe at Tradingshot that within the next 30 - 45 days those levels will be filled one by one. $0.4000 is a very realistic target. ** Fundamental Analysis ** First a little introduction about the project. Velas, as Swiss-based tech firm, has the fastest EVM Chain to compete with Ethereum 2.0. As a powerhouse of innovation and creativity, Velas has revolutionized the world of blockchain by creating a pioneering, energy-efficient platform that operates at unparalleled speed. The network provides a scalable solution for dApps with up to 75k TPS. That being said, the market already values highly Velas' powering into Formula 1 with a multi-year Scuderia Ferrari partnership. A market with huge exposure, Velas branding on Ferrari’s iconic racing cars is certainly a huge leap into the future, as Formula 1 enters this new technological era. This is the first partnership of this kind for Ferrari. In Ferrari's announcement, the F1 team emphasized how both companies share values such as innovation and performance of technologically advanced products and services, also making a special mention to the NFT sector, which can take the motorsport world by storm. In more recent news, Velas announced that they will be present at the Block World Tour held in Andorra on April 1-2! Great chance to meet with the firm and learn all about the little details you may not know about the project! See more on their twitter page. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
1