VLXUSDT is testing the 4h resistance after the cup and handleThe price created a double bottom on the weekly structure on the 0.20$.
As you can see from the upper chart, the price had a breakout from the dynamic daily resistance and now the market it's testing the 0.382 Fibonacci resistance after the green candles series.
on the 4h timeframe the price created a cup and handle pattern and the market had the breakout from its neckline.
How to approach?
The price could have a breakout from the 4h resistance (0.2530$) or gets the liquidity from the previous resistance now new support. So, if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
VLXUSDT trade ideas
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$.
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Thank you for seeing idea .
Have a nice day and Good luck
VLXUSDT broke last resistance zone and can pump hardAs we can see price broke one of the major resistance that was the red trendline resistance and the market here is getting bullish.
The first resistance ahead is near 0.32$ and after a valid breakout there we are looking for more pump too.
Major supports and resistances are all mentioned on the chart too.
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VLX – Market Structure AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I found VLX chart interesting. Here is why:
VLX has been bearish for a while, however, we can clearly see that the bearish impulse movements are getting smaller and more flat (red comments).
So from a market structure perspective, this means that the bears/sellers are exhausted.
But this is just an early alert that a potential reversal might happen. It doesn't mean that the bulls are in control just yet.
For the buyers to take over, and the momentum to be shifted from a long-term perspective, VLX needs to break above the last major high marked in gray.
Meanwhile, until the buy is activated , VLX can still trade lower to test the green demand again. In this case, we will be looking for short-term 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
Velas VLX Price Targets and Stop LossVLX/USDT
Entry Range: $0.22 - 0.25
Price Target 1: $0.28
Price Target 2: $0.33
Price Target 3: $0.38
Stop Loss: $0.18
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Basic VLX Metrics:
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-Inflation Rate - 8%
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But looking for the TA, maybe its playing out double bottom pattern. Price going to touch support at 0.29 and then im completely bullish. If its coming little bit down the RSI going to be more healty too.
VLX updateVLX formed a double bottom on the 4hr chart... if there's no reversal on the upside, the next buy zone is set at 0.26$ price range.
VLX updateVLX is testing the bottom of the support level at 0.35$ if it doesn't hold close above on the weekly chart, we can expect more down trend between 0.27$ & 0.32$. Could be the next buy zone before trending back to the upside.
VELAS/VLX Blockchain on the riseVelas is a new blockchain that I started to invest in late 2021 & believe that it still has a lot of potential to grow in the market. It's possibly the fastest & cheapest blockchain out there at the moment. Very promising smart contract, DeFi, Metaverse & NFT projects on the way. I should mentioned 2 other promising projects that lies on this blockchain: (WAGYU - DEX Wagyuswap) & (SCAR - Metaverse Velhalla) ... check them out!
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Velas Blockchain ep.1Résumé sur du Blockchain Velas et sont écosytème.. Quick review on the Velas blockchain & projects launched on their Velaspad.
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