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VLXUSD

VLXUSDT Bullish long-term but has to weather some 1H volatilityThis idea is an update to last week's 4H analysis on Velas (VLXUSDT): What's new is that the 1.5 Fibonacci extension level and Resistance 1 (0.2900) haven been hit. That opens the way for the next Resistance level of 0.3350 and the 2.0 Fibonacci extension. Another positive development is that the rebound for the break-out sequence took place on the former Lower Highs trend-line of the January 13 High. That is a strong indication that this rally is based on continuous buying accumulation. This time I want to bring light on the 1H time-frame as well (right side of the screen), as Velas has to overcome the short-term volatility created by a symmetrical Higher Highs/ Higher Lows pattern. As you see the price pumps and then corrects. Right now the 1H Ichimoku has turned red but the 1H MA50 (blue trend-line) is supporting. If it fails, expect a pull-back towards the Higher Lows trend-line around 0.2300 - 0.2250. On the other hand, the invalidation line is on the previous high at 0.2550. A break means that the trends turns bullish again towards 0.3000 and the 0.3350 in succession. Overall we consider Velas a great long-term investment with one of the highest potentials in the market. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
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by TradingShot
2
VLX Can Reach 0.31$ & 0.40$ afterward!Good Bullish Potential🌳VLX has been in a BIG Falling Wedge Pattern & It has Managed To Break The Mentioned Pattern Recently! As You Know The Pattern Is a Bullish Pattern & we can Expect a Good Bullish Movements For It. so Right now The Price has to reach around 0.31$ cause There is no Difficulties or Problems Reaching There From Our Perspective! another Thing is if VLX manages to reach 0.31$, There is a Chance that It would Increase From there and Reach around 0.40$ Even! after Reaching 0.31$ and Breaking The Resistance, We can Expect a Pullback to 0.31$ and after ward ,reaching 0.40$. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
VLong
by CobraVanguard
19
FULL REVIEW ON VELAS (VLX) !!!Velas is the world's fastest EVM Blockchain enabling up to 75 000 tx/s, processed instantly, with highest security out there, at almost for free. Velas Ecosystem consists of decentralized products built on top of its chain to present the ease of user experience of decentralized, open-source products. ------------------------ Basic VLX Metrics: -Total Supply - 2,124,380,663 VLX -Circulating Supply - 2,124,380,663 VLX -Inflation Rate - 8% ------------------------ Velas Network Blasts off Through Partnership with SpaceChain into the New-Age Space Race. The partnership between the space industry and blockchain is mutually beneficial !!! >_-
by OmidBK2003
1
Velas: possible a great project yet undervalued1. Introduction Maybe this is one of the big projects still in the initial phase. Imagine investing in Solana, buying the SOL token when it was worth only pennies on the dollar. Today it is worth $180... 2. Definition Basically, Velas is a Solana-based blockchain that aims to simultaneously deliver Solana's speed and scalability, with EVM (Ethereum Virtual Machine) compatibility. Ethereum is the largest DeFi ecosystem in the world. This compatibility will facilitate mass portability of Dapps who want to take advantage of the resources of the Solana ecosystem. VLX is the token used for transactions, payments, fees and Proof-of-Stake consensus, just as SOL is used in the Solana network. 3. Tokenomics 'Tokenomics are the economics rules of behavior and interaction of participants in the blockchain network'. Total supply: 2,124,380,663 VLX Circulating supply: 2,124,380,663 VLX Inflation rate: -8% 4. Wallets Velas EVM x Velas Native x Velas Legacy a) Velas EVM --> is a wallet to interact with EVM applications (made with Ethereum technology). Also used to exchange currencies for BEP-20 (Binance Smart Chain) and ERC-20 (Ethereum Mainet Chain) format. b) Velas Native --> is the required wallet for staking, and applications written at the native level (Solana technology). c) Velas Legacy --> is a wallet to interact with old exchanges or exchanges that have not yet migrated to the Velas EVM\Native 5. DeFi The network already has an active DeFi. On the DeFi Llama website, the blockchain has a TVL (Total Value Locked) of $31,166,653. It is still at an early stage with only one Dapp: WagyuSwap , whose token is WAG . By way of comparison, the Ethereum network has a TVL of $196.81b, and Solana has $11.79b 6. Graphical Analysis For a more thorough analysis, I pulled Coingecko's past data. We have a bullish parallel channel. Plotting the Fibonacci retracement from the bottom of 0.03 to the top of 0.63, we can see that we are theoretically at a good buy point at the 61.80% or 50% resistance. In a more optimistic scenario, the price could test this region of 61.80% and 50% and then rise again. In a bearish scenario, the price could retest the channel at the bottom, and only then go back up. Greetings
VLong
by andre_007
1