VELOUSDT trade ideas
Velo Price Surge Alert! 📈 - Your Path to Wealth Starts Here**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
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Allow me to show you why VELO (Velocity Token) is lifiting offAs the bull market commences and many coins are flying, I would like to focus on a cheap low market cap coin that brings potential for 50x from current price of 0.006. I am combining a custom made Bollinger Bands indicator with the standard Ichimoku Indicator to paint the bullish picture here. The squeeze on the Bollinger Bands represents build up of buying pressure as price has been consolidating sideways after heavy selling (accumulation phase). The Ichimoku cloud is another powerful indicator that proves build up of buying pressure. The price entered the cloud and is looking to penetrate through it as the leading spans are getting close to flip green.
This is simply an idea, you may agree with it or not but to me it is worth the risk.
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
VELO ON THE BRINKof a possible breakout!
The first leg in early 2023 has been a b*tch to count but obviously has a running flat for its wave 2 giving in the end follow of the fib rules, w3 on 1.886, w5 on 2.618.
Correctin of the first impulse ended right on 0.704 fib. And from there chance is quiet significant the next impulse has already started and its first correction is abaout to end with a break of the downtrend right on 0.786 fib.
Invalidation level is $0.00245 or a bit below.
Next logical target after hitting 0.236 major on the first impulse is major 0.382 @ about $0.019 respective 1.272 intermediate @0.025
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
VELO SHORT IDEAALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer