As long as ARB keeps getting pushed down by the 21ema ill be looking to load up in the .90cent range which isn't to far from where are now. Seems like the bottom could be near, if BTC goes below 57k then expect to go lower. Either way ARB at these levels are great to DCA in.
Possible double bottum playing out. Ill be looking for some possitive price action at this level. If it breaks down from here Ill be looking for a lower entry.
Looking at what appears to be bullish D on the 4 hr. With BTC steadily heading downward this might not play out. Either way VELO at this low of a marketcap makes sense to DCA in at these levels.
Looking at the daily, we are approaching the 50ema which is a great line of strong support marked with great entry points. My largest entry sits at around .25cents, at this point of the cycle we are seeing lots of distribution in the ALTs with what look like more negative price action for the rest of the month. VELO and AERO are both solid projects to load up on...
HODL, be smart. Dont use leverage. More negative price action to be seen over the short/long term. CHOP, CHOPPY, and CHOPPED
Major move with this negative price action. Didnt think it was going to happen this fast but with the ish hitting the fan in Isreal, its going down....
Just ask yourself. Are we still in a BULL RUN? Everything that is happening in Isreal is testing the market and the perfect time for VCs to lower the price of BTC just in time when we have seen BTCs biggest moment of adoption. Make sense to see them take advantage of these news headlines..
We have already seen 20-22% move to the downside. This makes sense to me, but feel like a COVID crash with this news and all BRANDON can say is DONT. Big picture stuff going down in the world right now.
THIS CYCLE HAS GOT ME ON THE EDGE.... This all seems healthy for where we are in this point of the cycle. I think we are going to see another flush out before we see more price action to the upside. That just me tho....
For a bounce like this to happen at VELOs previous ATH is major. A fakeout this far down and the capital that has come in to get us back above it is major. I have a strong conviction that we are seeing American BASED companys gunning for decentralized exchanges like UNI to clear the way for AREO and VELO... Long stretch but shit makes sense to me...
Still holding support, more sideways price action for the foreseeable future. Great time to accumulate more.
Nice close above the 50ema. Solid base and support making it look like we have some more positive price action in the near future. Solid project on BASE. Lots of upward potential for this DEX. I got in at .33 and am still holding. This is an easy buy, even at these levels.
Positive price action for VELO, back above the 50ema. Healthy CHOP and sideways actions before the next leg up. Great time to DCA in.
Can VELO hold this support? Looks like a retest of the privious ATH is in the works. CHOP and wild swings seem to be what we can look forward to till later this month it seems like. Possible lower highs?
Great bounce off the 50ema, came thru as really strong support on the 4hr. We are also back above it on the smaller time frames as well. Hopefully we keep up this bullish momentum. I am pretty positive we are in the process of putting in a higher low. VELO is in price discovery so large swings up and down should be anticipated, but I dont see us going down...
This negative price action for BTC has had a major impact on VELO sending the price down even further to 40% from its ATH. The RSI on the daily points toward more negative PA. If we break the 21ema on the daily the next price zone would appear to be between 14-18 cents. With Velos MC being so low and low circulating supply it would be easy for this to turn into a...
I wouldn't want to see VELO fall below this zone, i'd expect alot more negative price action if we do. We are down 35% thus far with momentum looking to shift.