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VELO / Tether

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VELOUSDT trade ideas

VELOHonestly been reflecting on VELO a bit. And if my CRYPTOCAP:TOTAL 3 analysis is correct and we get an XRP bull market to $5 plus soon then XLM will likely follow. They trade 20-.30c different on any given trading day. Since VELO is on XLM block chain and if we get $2-$4 XLM $VELO can be right back at 2021 highs with a simple $7- SEED_TVCODER77_ETHBTCDATA:8B market cap. really doesn't seem unlikely to me. Plus they are one of the few altcoins that are actually working on the Web 3 payment side in Asia with massive corporate and Gov connections.
Long
by Big_Mike716
5
✴️ Velo Update (700% Potential Growth Mapped)I am using the same chart used in July. For VELOUSDT, I am using an internal trendline to remove the excesses. The "May support" broke down in August but now VELOUSDT is trading back above it, regaining the bullish bias. The breakdown ended in a higher low compared to January 2023, a very strong bullish signal. 👉 The August drop is literally an extension of the correction that started in February. As volume can be clearly seen going lower and lower as the correction extends, it signals that the bears are losing strength. With Velo now trading back above its May support, we can expect the next wave to develop within this or next month. This is an easy one... Patience is all that is needed, potential is huge. 👉 We are looking at 200%+ easy/fast and over 700% mid-term. Namaste.
Long
by AlanSantana
3
✴️ Velo One Month Later & 940% PotentialThis is the exact same chart, I only moved the green arrow a little bit to the right. You know what I keep on saying, "Patience is key". This pair continues consolidating, going sideways with a downward bent; This is normal and bullish or we can say neutral. The bullish bias described in previous trade ideas remains valid, the chart technicals are the same. As long as VELOUSDT trades above the orange trend lines, we can expect prices to go up... Notice the trading volume becoming weaker and weaker... The lower it goes, the closer we get to the bullish breakout and a bullish breakout will definitely take place; When? The breakout can happen within hours just as it can take weeks or days. We can't predict the exact date as to when a certain move will show up but we can predict with a very high level of accuracy the direction of the move and the target, so all we need is patience to trade these charts. Some charts will breakdown and the analysis will fail, that's ok. The majority will move just as the chart shows. We have a bullish chart and so we expect additional growth. Namaste.
Long
by AlanSantana
4
4 reasons to invest in #VELO??!1-The first reason (weekly time frame): Approaching its own support levels means the last uptrend and weekly pivot level Moreover, it is located in an BULLISH channel and it started to fall before reaching the HIGH of this channel. And maybe IT wants to move again towards the HIGH of the channel or at least his previous HIGH. 2- The second reason (daily time frame): The downward movement has taken more time compared to its previous growth And it has reached the 50% level of S1 and S2 of the pivot indicator, which is a very important level for forming a bottom Be pessimistic about another drop, the S2 level of the daily time frame pivot is suitable for growth 3- The third reason (time frame of 4 hours) Reaching the bottom of the BEARISH channel as well as the S2 level of the pivot indicator in the 4-hour time frame emphasizes the possibility of making a bottom from this area. 4- The fourth reason (time frame of 4 hours) Seeing high red volumes during the recent DROP, which can then turn into an upward movement (pump). Targets in order from short term to long term: Target 1: 0.01405 (+40%) Target2: 0.01845 (+80%) Target3: 0.026 (+150%) This analysis and reasons are my personal opinion and you make the final decision yourself Comment your opinion
Long
by Eldorado_Land