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VLX

VELAS is a true sleeping monster ATM (TA + TRADE PLAN)Trend Analysis Current Price: The price is hovering around 0.0117 USDT, which shows a small upward movement (+1.31%) in the current time frame (4-hour chart). Trendline: The chart shows a downward channel (red arrow) where the price has been moving lower. However, the price is now approaching a key support level and showing signs of potential reversal. Resistance Levels: The resistance level is marked by a horizontal red line, indicating significant selling pressure at around 0.0160 USDT. The price must break this resistance to signal a potential upward trend. Support Levels: A key support zone is located between 0.0100 USDT and 0.0132 USDT (marked with green), indicating that the price has been consolidating and could bounce back from this level. Indicators VMC Cipher B-Divergences: The indicator is showing divergences, suggesting potential reversal points, especially as the market is showing bullish divergence at lower price points. RSI (Relative Strength Index): The RSI is at 38.94, which indicates that the asset is in neutral or slightly oversold territory, suggesting that it could be poised for a bounce upwards if buying pressure increases. Art Money Flow Index: This indicator is currently low (around 23.60), suggesting that the money flow is weak. However, it is not in extreme oversold territory, which gives room for potential growth if momentum picks up. Stochastic Oscillator: The stochastic indicator is in oversold territory (around 35.39), signaling that a bullish reversal is possible if the trend picks up. Volume Analysis Volume: Current volume is 3.39K, which is relatively low but has been increasing recently. Higher volume during upward price movement would confirm the continuation of a bullish trend. Key Patterns & Signals Bullish Reversal Setup: The chart shows a potential bullish setup with increasing buying pressure near support. The presence of bullish divergences in the VMC Cipher and the RSI is an early indicator that the market could reverse to the upside. Breakout: The chart suggests that once the price breaks through the resistance level at 0.0160 USDT, it could accelerate towards the 0.0200 USDT level. Professional Trading Plan 1. Entry Points: Primary Entry: Wait for a clear breakout above the resistance zone (0.0160 USDT). A confirmation of this breakout on higher volume would present a strong entry signal. Secondary Entry: Enter near the support level around 0.0100–0.0130 USDT, particularly if there is a reversal candle pattern or other confirmation of bullish momentum. 2. Target Price Levels: Short-Term Target: 0.0180–0.0200 USDT as the next resistance zone after a successful breakout from the current resistance. Long-Term Target: 0.0280 USDT, assuming further strong upward momentum. 3. Stop-Loss Levels: Primary Stop-Loss: Set a stop-loss at 0.0100 USDT (below the support zone) to limit downside risk in case of a breakdown. Tight Stop-Loss: For more conservative traders, place the stop-loss just below the immediate support zone near 0.0120 USDT. 4. Risk Management: Allocate a small portion of the portfolio per trade, and use appropriate position sizing based on risk tolerance. For example, 1–3% of the total portfolio per trade. Monitor volume spikes and price action for any signs of reversal or trend exhaustion. 5. Trade Monitoring: Regularly check the key technical indicators (RSI, Stochastic, Art Money Flow) for shifts in momentum. Be aware of any external news or market events that could impact Velas’ price action. The market for Velas (VLX) shows potential for a reversal upward, especially as it tests key support levels and the RSI enters neutral territory. The breakout above resistance would be the key confirmation for further bullish movement, and traders should be prepared for a possible rally towards 0.0200 USDT. Keep an eye on the trading volume and price action for confirmation.
Long
by elfabiiani
Wagyuswap is showing some millionaire potential!Potential Millionaire Maker? It’s no secret that the crypto landscape continuously rewards early movers who identify undervalued gems before they explode. WAGYUSWAP, with its promising pattern, upcoming developments, and strong technical setup, is positioning itself as a potential breakout star. As it stands on the cusp of a bullish reversal, WAGYU offers a unique window of opportunity for savvy investors. If the fundamentals align with the chart signals and the broader market sentiment improves, WAGYU could well be the next project to mint new millionaires—especially those who get in before the major breakout. Technical Analysis Overview: WAGYUSWAP (WAGYU) is showing strong signs of a potential trend reversal on its 4-hour chart. After a period of consolidation and price contraction, WAGYU appears to be carving out a textbook falling wedge pattern, often considered a bullish signal. This pattern, characterized by a series of lower highs and lower lows converging into a narrowing price channel, can indicate that seller momentum is drying up and a powerful bullish breakout may be imminent. Key Indicators and Signals: Falling Wedge Formation: The price recently touched the lower boundary of the wedge and showed a decisive bounce. Historically, when a falling wedge resolves, it often leads to a sudden surge in buying pressure and can trigger swift upward price action. Volume and Momentum Oscillators: Trading volume spikes at key support levels suggest that “smart money” might be quietly accumulating WAGYU. Simultaneously, momentum indicators such as the RSI and Stochastic oscillators are recovering from oversold conditions, signaling that selling fatigue may be reaching its limit. A bullish crossover here can foreshadow a strong upswing. Bollinger Bands and Moving Averages: WAGYU’s price is starting to curl back up towards the middle Bollinger Band. A sustained move above the 20-period moving average would confirm an upward bias. If the token can break above its upper wedge trendline with significant volume, a retest of the prior high levels is highly probable. Fundamental Factors & Recent Developments: Ecosystem Growth: Rumor has it that the Wagyuswap development team is on the verge of announcing cross-chain integrations, making WAGYU accessible to a broader range of investors and ecosystems. Such integrations often act as catalysts for price appreciation, as more liquidity and use-cases pour into the platform. User Interface Upgrade & Marketing Push: There’s chatter within the community about a forthcoming user interface (UI) overhaul designed to attract a wider audience. Combined with new marketing campaigns, these moves could capture the attention of yield farmers and token enthusiasts hungry for the next big opportunity. Potential Exchange Listings: Whispers in the community suggest that Wagyuswap may soon be listed on additional centralized exchanges, further enhancing liquidity and credibility. This can accelerate mainstream adoption and ignite a rapid climb in price. Price Targets & Potential Upside: Short-Term (1-2 Weeks): After breaking out of the falling wedge, WAGYU could swiftly reclaim the $0.0012 – $0.0015 zone. This region represents the token’s first significant target and psychological barrier. A confident close above $0.0015 could embolden traders and trigger a second wave of buying pressure. Mid-Term (1-3 Months): As the market gains confidence and fundamentals align, there’s potential for WAGYU to test the $0.0020 – $0.0025 range. This scenario hinges on continuous ecosystem development, brand visibility, and improving overall market sentiment. Long-Term Vision: Should Wagyuswap’s cross-chain functionality, UI upgrades, and possible listings materialize, the token could capture a significant share of the decentralized exchange market. Early adopters could find themselves sitting on a token that not only breaks through previous highs but continues to appreciate as adoption and total value locked (TVL) expands. Wagyuswap is at an exciting crossroads. Technical analysis suggests that a bullish breakout is on the horizon, while fundamental developments may soon ignite substantial hype and investor interest. In the rapidly evolving world of decentralized exchanges, WAGYU stands out as a hidden gem poised for a significant run. Keep an eye on the upcoming announcements and price action—this could be your chance to secure a position in a potential future leader of the crypto DEX space.
Long
by elfabiiani
Velas (VLX) Technical Analysis & Market OutlookIf VLX manages to decisively break through the $0.0150 zone on strong volume, we could witness a sharp run-up toward the mid-$0.02 range and beyond. This would represent a significant percentage gain from current levels and could attract additional investor attention, turning VLX into a strong contender in the upcoming bull cycle. Fundamental & Ecosystem Developments: Beyond the charts, Velas has been steadily expanding its ecosystem. There’s growing anticipation around the team’s forthcoming technology upgrades, performance enhancements, and potential new partnerships. With advanced innovations in AI-driven blockchain efficiency and high-throughput capabilities, Velas is positioning itself as a key infrastructure player in the next wave of Web3 applications. Recent community buzz suggests that several dApps preparing to launch on the Velas network could boost user engagement and raise the platform’s visibility across DeFi, NFTs, and gaming. Moreover, whispers on social media channels hint at upcoming strategic marketing campaigns and ecosystem grants that may attract talented developers from rival networks. As these moves become more public, expect a renewed wave of interest that could feed directly into a price surge. The window of opportunity appears to be narrowing. VLX is currently trading at ground-floor prices relative to its historic highs. As the cryptocurrency market inches towards a new cycle of growth, Velas stands out as a strong candidate to outperform, thanks to its robust technology, upcoming ecosystem expansions, and improving market sentiment. Imagine the Scenario: A successful breakout from the ascending channel could catapult VLX back to its glory days, making the current price level look like a massive discount in hindsight. Savvy investors who recognize the early-stage accumulation phase might be set to enjoy exponential returns as VLX re-enters the spotlight. Price Prediction (Speculative): Short-Term (2-4 weeks): A quick push to $0.018-$0.022 if the current bullish setups confirm. Medium-Term (1-3 months): With strong fundamentals and market tailwinds, VLX could retest $0.030, reviving the enthusiasm of early adopters and attracting waves of new buyers. All signs—technical indicators, fundamental growth, and rising market chatter—point towards an exciting near-term rally for VLX. This is the kind of pivotal moment seasoned traders wait for: a fundamentally strong asset quietly accumulating, poised for a breakout, with big news and expansions on the horizon. If you’ve been waiting to join the Velas story, now could be the time to hop on board before the rocket ignites. Strap in and keep your eyes on the charts—VLX may be on the verge of writing its next big chapter.
Long
by elfabiiani
1
Velas (VLX) Technical Analysis & Market OutlookVelas (VLX) Technical Analysis & Market Outlook Velas (VLX) is rapidly emerging as one of the most compelling opportunities in the crypto space, standing at what may be the cusp of a transformative price breakout. The confluence of fundamental catalysts and technical indicators now suggests that early adopters could be on the brink of accessing a rare window—one that has the potential to create the next generation of crypto millionaires. Technical Setup: Price Structure & Support Levels: VLX has spent a prolonged period consolidating at historically low price ranges, building a rock-solid base of support. Notably, the weekly chart shows Velas price action compressing tightly above a significant horizontal support line—one that has historically acted as a springboard for accelerated moves. This extended period of accumulation often precedes large-scale breakouts, as selling pressure diminishes and strong hands continue to accumulate supply. Volume & Momentum Indicators: In recent weeks, trading volume has begun to shift from idle stagnation toward a gradual uptick. This “quiet accumulation” phase is frequently the calm before the storm. Key indicators are flipping bullish: MACD: The MACD on mid-to-long-term time frames is curling upward from deeply oversold conditions, a classic sign that bears are losing control. As it crosses into positive territory, it telegraphs a sentiment change from weakness into potential sustained bullish momentum. RSI (Relative Strength Index): The RSI, previously languishing in oversold territory, is now climbing steadily, suggesting the market is regaining strength. This early uptick can be a precursor to explosive price moves. Stochastic Oscillator: The stochastic is emerging from oversold zones, hinting at a refreshed cycle of buying interest and potential price expansion on higher time frames. Fundamental Catalysts: Velas 2.0 & Ecosystem Expansion: The upcoming Velas 2.0 upgrade, which aligns closely with the ultra-scalable Solana architecture, has the community buzzing. By combining the speed of Solana’s codebase with Velas’s innovative protocol enhancements, VLX stands positioned to deliver transaction throughput and efficiency that can attract a massive wave of developers and users. Over 300 projects are reportedly involved with or building on Velas 2.0—this is not mere rumor; it’s a solid testament to the chain’s evolving ecosystem. More projects mean more total value locked (TVL), increased on-chain activity, and ultimately, stronger demand for VLX tokens. Cross-Chain Capabilities & Real-World Use Cases: Velas is designed not just as a blockchain, but as a high-performance platform conducive to DeFi, NFTs, and enterprise solutions. This strategic positioning has the potential to capture market share from slower or less developer-friendly networks. As real-world adoption intensifies, the fundamental floor of VLX’s valuation could rise dramatically. Opportunity on the Horizon: The stars are aligning for Velas. Technically, the chart pattern resembles those rare early-stage setups that seasoned traders hunt for—those that, when triggered, often deliver triple or quadruple-digit percentage gains. Fundamentally, Velas is putting the pieces in place to compete head-to-head with top-tier smart contract platforms. The upcoming fork and ecosystem expansion are not mere “news events”; they are growth engines that could send shockwaves through the crypto space. Vision for the Future: Imagine having identified Ethereum, Solana, or Avalanche in their infancy—before they catapulted early believers into life-changing wealth. Velas is setting itself up to become the next big name in blockchain infrastructure. Those who recognize the undervalued strength of Velas at these levels may find themselves positioned at the very start of something monumental. VLX is not just another altcoin; it’s a potent contender. With technical indicators lining up and massive fundamental developments on the horizon, Velas has all the makings of a star performer in the coming market cycle. While no investment is risk-free, and due diligence is always essential, the current landscape suggests that those who seize the opportunity now could be writing their own success stories in the years to come. This is the moment where savvy investors separate themselves from the crowd—join the ranks of tomorrow’s crypto millionaires and keep Velas firmly on your radar.
Long
by elfabiiani
VELAS IS IN THE PROGRESS - TO THE TOP, WHERE IT BELONGSDescending Triangle Pattern: A bearish continuation pattern is forming, typically indicating potential further downside if it breaks below the horizontal support. However, a breakout above the descending resistance could invalidate this pattern and indicate bullish momentum. Support and Resistance Levels: Support Levels: $0.0075: A critical support zone. A break below this level could lead to significant downward momentum. $0.0052: The next potential target for bearish continuation. Resistance Levels: $0.0165: Key resistance from the descending triangle trendline. $0.0202 and $0.0251: Potential targets for a bullish breakout. $0.0338: A major long-term resistance level. Indicators: RSI (Relative Strength Index): RSI is hovering near 44, showing a neutral to slightly bearish sentiment. A move below 30 would indicate oversold conditions, while crossing above 50 could signal bullish momentum. Stochastic Oscillator: Currently near oversold territory (15.97), suggesting the potential for a bullish reversal in the short term. VMACD (Visual MACD): Divergences observed on the chart indicate a potential bullish reversal. Pay attention to the crossover points. Market Sentiment: The ongoing consolidation within the triangle suggests indecision in the market. A clear breakout or breakdown will dictate the next directional move. Trading Plan Entry Strategy: IMMEDIATELY Exit Strategy: When you feel good about it :)
CRYPTO:VLXUSDLong
by elfabiiani
WAGYUSWAP ON ITS WAY TO GLORY - PATIENCE AND CORRELATED W. VELASChart Pattern Symmetrical Triangle: The chart highlights a symmetrical triangle trading pattern, indicating a period of consolidation where the price is forming higher lows and lower highs. This pattern often leads to a breakout in either direction, depending on momentum and volume. Key Levels Support Levels: $0.0010266 (major support) $0.0013976 (current consolidation support within the triangle) Resistance Levels: $0.0015419 (initial breakout target post-triangle) $0.0020756 (major resistance) Indicators Volume (Vol): The declining volume suggests the market is awaiting a significant breakout. Watch for volume spikes, as they often confirm the direction of the breakout. MACD and Stochastic Oscillator: These indicators suggest a potential bullish reversal Stochastic (41.16): Moving out of oversold territory, signaling bullish momentum. MACD Divergences: The chart suggests positive divergence, with momentum building for upward movement. Sentiment The overall sentiment aligns with a bullish scenario due to the compressed price action nearing the apex of the symmetrical triangle. Trading Plan for WAGYU/USDT Step 1: Entry Plan IMMEDIATELY Step 2: Exit plan When you feel like it has already done everything for this bull run.
Long
by elfabiiani
Velas with BIG UPDATE: VELAS 2.0 IS A GAME CHANGER IN CRYPTOTechnical Analysis for Velas (VLX) Velas 2.0 represents a significant upgrade to the Velas blockchain, enhancing its scalability, security, and user experience. This update introduces several key features: Enhanced Performance: Velas 2.0 offers improved transaction throughput and reduced latency, enabling faster and more efficient operations. Advanced Security Measures: The update incorporates robust security protocols to safeguard user assets and data against potential threats. User-Friendly Interfaces: Velas 2.0 provides intuitive interfaces for both developers and users, simplifying interactions with the blockchain. Expanded Ecosystem Support: The upgrade facilitates seamless integration with various decentralized applications (dApps) and services, broadening the Velas ecosystem. Price Action & Trend: Current Trend: The chart indicates that Velas (VLX) has been in a descending channel, with price movement within this range. It appears to be moving between resistance and support levels. Resistance & Support Levels: Key Resistance Levels: The resistance levels are noted at around 0.02700 and 0.02517, which have proven to be significant barriers in the past. Key Support Levels: Support is identified in the range around 0.01400, with a consolidation zone suggesting strong buyer interest near this level. Indicators: VMC Cipher B Divergences: The VMC Cipher B indicator suggests that price might be moving in a more stable range or could potentially reverse if further divergence is observed. Currently, the signal is showing some signs of bullish divergence, meaning there might be a potential price breakout to the upside soon. RSI (Relative Strength Index): The RSI value is currently at 57.34, indicating that the asset is in the neutral zone. It is neither overbought nor oversold, suggesting that there could still be room for price movement in either direction. If the RSI approaches 70 (overbought), it may signal a potential reversal downward. Stochastic Oscillator: The Stochastic Oscillator is at 57.26, which is also in the middle of the scale, confirming the neutral sentiment. If this indicator moves above 80, it could indicate overbought conditions, while a drop below 20 might signal an oversold condition and potential price reversal to the upside. Current Momentum: The ascending channel suggests potential upward momentum, particularly if price breaks the resistance level near 0.017971. Market Sentiment: Given the announcement of Velas 2.0, there could be positive news driving the price surge, and with continued positive sentiment, further movement towards 0.02500 could be expected. Trading Plan: Bullish Scenario: Entry: A break above the resistance zone of 0.017971 could be considered a signal for entering a long position. The next potential target would be the 0.02000 resistance level. Take Profit: Set the first take-profit target around 0.02500. A second target could be near the 0.02700 zone, depending on market momentum. Stop Loss: Place a stop-loss just below the support level of 0.01400 or the recent swing low to protect against significant losses. Bearish Scenario: Entry: If the price fails to break above resistance and starts moving back down towards 0.01400, a short position could be considered. Monitor the RSI and Stochastic Oscillator for oversold conditions as confirmation. Take Profit: In the case of a bearish trend, aim for take-profit targets near 0.01195 and 0.01000. Stop Loss: Set the stop-loss just above the previous resistance level around 0.017971 to minimize losses. Neutral Scenario: In a scenario where price fluctuates between the support and resistance levels, consider a range trading strategy. Buy near the support zone and sell near the resistance zone, using shorter timeframes for better entry and exit points. Fundamental Catalyst: The Velas 2.0 announcement is a key event that could lead to a potential price surge. Monitor any news or updates from the project, as these may drive the price upward, influencing both short-term and long-term movements. This analysis and plan should be used to guide your trading decisions, but it's essential to regularly reassess the market and adjust your strategy accordingly, especially with the developments in the cryptocurrency space.
CRYPTO:VLXUSDLong
by elfabiiani
1
Velas is the real monster! Skyrocketing + Solana fork on horizonTechnical Analysis for VELAS Cryptocurrency VELAS ( LSE:VLX ) is currently at a very low market cap, presenting a tremendous opportunity for investors and crypto enthusiasts. As one of the most promising projects in the blockchain space, VELAS is working on a groundbreaking fork of Solana, a move that could drastically enhance its scalability and performance. Once the fork is completed and the full potential of the technology is realized, the price is expected to skyrocket, positioning VELAS as one of the top contenders in the crypto market. Now is the perfect moment to closely monitor LSE:VLX , as the project is on the cusp of significant development and growth. Market Overview: At present, VELAS remains under the radar for many investors, with its market cap being relatively small. However, this presents a unique opportunity for those who understand the project's long-term potential. The current market conditions offer a window to enter at an attractive price point before the inevitable surge once the Solana fork is completed. Key Fundamentals: Solana Fork: VELAS’s primary focus is to fork Solana’s high-speed, scalable blockchain technology, which offers significant improvements in transaction speeds and lower fees compared to other blockchains. Project Team and Development: The development team is focused on optimizing the codebase to ensure that the VELAS network will be capable of handling millions of transactions per second (TPS) without sacrificing decentralization. Partnerships and Ecosystem Growth: VELAS has been actively seeking strategic partnerships with decentralized finance (DeFi) projects, NFT platforms, and major players in the Web3 space. As the ecosystem grows, it will bolster the demand for LSE:VLX tokens. Technical Indicators: Price Action: Currently, VELAS is trading in a consolidation phase after a slight dip in its price. This is typical for assets before major updates or forks are launched. Traders and investors should keep an eye on support levels around the $0.30–$0.35 range. A breakout above the resistance at $0.50 would signal the start of a bullish trend. Moving Averages: The 50-day and 200-day moving averages are converging, which often indicates that a breakout is on the horizon. This crossover will serve as a critical indicator of a trend shift from bearish to bullish. RSI (Relative Strength Index): The RSI currently sits below 40, indicating that LSE:VLX is in oversold territory, which suggests the potential for an upcoming rally. This could present an entry point for those looking to capitalize on the upcoming price surge. MACD (Moving Average Convergence Divergence): The MACD is showing signs of positive momentum, and the histogram is beginning to turn upward, which could signal that the price is gearing up for an upward move. Support and Resistance Levels: Support Level: $0.30 is the critical support level for VELAS. Should the price dip below this level, further downside is possible, but the project’s long-term prospects make this a likely bounce point. Resistance Levels: The first major resistance is $0.50, followed by the psychological barrier of $1. If VELAS can break these resistance levels, it could quickly gain significant upward momentum, especially with the completion of the Solana fork. Trade Setup: Entry Point: Now and on spot trading only! VELAS is a high-potential cryptocurrency that is at the intersection of low market cap and major technological advancements, particularly with its Solana fork. The current price offers an enticing entry point for investors looking to position themselves before the upcoming price surge. By utilizing technical indicators and monitoring key support and resistance levels, you can develop a solid strategy to trade VELAS effectively. With the Solana fork on the horizon, VELAS is well-positioned to experience a significant rise in its value in the coming months.
CRYPTO:VLXUSDLong
by elfabiiani
VELAS is ready to fly (Alex Alexandrow is back)🚀 VELAS: The Future of Blockchain! 🚀 NOW is the time to act on VELAS ( LSE:VLX )! With the return of Alex Alexandrow, a pivotal figure in the Velas ecosystem, the project is re-energized, and bullish momentum is about to take off. This is your chance to get in at the right time before Velas rockets up. The chart shows a clear bullish reversal pattern, signaling a massive breakout potential! The clock is ticking, be part of the next wave in crypto! Technical Analysis of VELAS ( LSE:VLX ) by Blaž Fabjan The 1-hour chart of VELAS shows the formation of a classic falling wedge pattern, which is a well-known bullish reversal signal. Here's a detailed breakdown: Falling Wedge: Bullish Reversal Support and Resistance: The wedge pattern is narrowing, indicating that the price has been consolidating, building pressure for a breakout. Breakout Imminent: As the price has broken out of the wedge, this confirms a potential bullish reversal. Expect upward momentum in the near future. Technical Indicators VMC Cipher B (Volatility & Momentum): The indicator shows signs of divergence, with momentum shifting towards bullish territory. Expect increased buying pressure soon. Look for key bullish signals like green dots or a shift in the oscillator for confirmation. RSI (Relative Strength Index): RSI is hovering around 44.7, indicating that the asset is neutral but leaning towards an oversold condition. This suggests the price is ready to rise as momentum builds. Stochastic Oscillator: The stochastic is bouncing from a low of 47, indicating that bullish momentum is starting to pick up. Crossovers here signal a potential upward trend. Key Levels to Watch Immediate Resistance: $0.01194 — this level is crucial for confirming the bullish reversal. Once broken, it opens the door for further gains. Next Targets: After surpassing $0.01194, the next target is around $0.0166, which is the previous high and a major psychological barrier. Support: $0.01115 — should act as strong support if prices retest this level during a short-term pullback. Trading Plan for VELAS Entry Strategy: Entry Zone: $0.0112 to $0.0115 — this area offers a prime buying opportunity with minimum downside risk. Set limit orders in this range. Breakout Buy: If Velas breaks above $0.01194 (resistance), a momentum trade can be initiated, targeting the $0.0166 level. Stop Loss: $0.0108 — place a stop loss below this level, ensuring protection against any sudden downside moves while allowing enough room for price fluctuation during consolidation. Take Profit Targets: $0.014 (Short-term) $0.0166 (Medium-term) $0.017 and beyond (Long-term upside potential) Risk Management: Risk-to-reward ratio should be at least 1:3. Allocate no more than 2-3% of your total portfolio to each trade, maintaining a balanced exposure. Velas is Ready to Fly 🚀 With the technical patterns aligning and the return of key leadership, VELAS is poised for a bullish breakout. This presents a golden opportunity for both short-term traders and long-term investors. Don’t wait too long—once the breakout happens, the price could surge quickly! Start building your positions now before the hype takes this token to new heights is my advice :) Best regards, Blaž
CRYPTO:VLXUSDLong
by elfabiiani
Technical Analysis of Velas (VLX) 4-hour time frame Descending Channel: The price is currently moving within a descending channel, indicating a downtrend. However, the annotation suggests a potential bullish breakout if certain conditions (such as deploying a bridge with Solana) are met. Support and Resistance Levels: The chart shows several horizontal lines representing support and resistance levels: Resistance at approximately $0.011946, $0.009130, and $0.007360. Support at approximately $0.005267 and $0.003000. Indicators Used: Market Cipher B: Shows divergences and other momentum oscillators. RSI (Relative Strength Index): Currently around 23.79, indicating oversold conditions. Stochastic Oscillator: Indicates a possible reversal, with current readings suggesting a bottoming out. Annotated Points: A "Strong Buy Position" is indicated near the bottom of the descending channel, suggesting this as a potential entry point for a long position. A bullish movement is expected, provided there is a catalyst (like a bridge deployment with Solana). Trading Plan Intraday Trading Entry Point: Look for entry around the current support level of $0.005267, especially if there are bullish signals like a bullish divergence on Market Cipher B or a crossover on the Stochastic. Target Levels: Consider scaling out of positions near the immediate resistance at $0.007360. Stop Loss: Place a stop loss slightly below the support at $0.005267 to minimize risk. Additional Notes: Since RSI is oversold, any bounce could be sharp, so be ready to manage trades actively. Scalping Entry Point: Enter positions on short-term oversold conditions, especially when the Stochastic Oscillator crosses upwards in the lower range (20-25). Target Levels: Aim for quick profits, targeting 1-2% moves within the support-resistance range. Stop Loss: Tight stop loss to avoid getting caught in a larger downward move, around 0.5% below the entry price. Additional Notes: Monitor the price action closely around key support and resistance levels, and consider using a trailing stop to lock in profits as soon as the trade moves in your favor. Swing Trading Entry Point: Consider entering a position near the current support level or after a confirmed breakout above $0.007360. Target Levels: First target at $0.009130, the next significant resistance level. Second target around $0.011946 if momentum continues. Stop Loss: A stop loss slightly below $0.005267 or based on a confirmed breakdown of the descending channel. Holding Period: Expect to hold the position for several days to weeks, depending on how the market evolves and any news regarding partnerships or technological developments. Long Position Advice: Given the current oversold conditions on both RSI and the Stochastic Oscillator, there is a good probability of a short-term bounce. However, the broader trend remains down within the descending channel, so caution is warranted. Risk Management: Ensure you have clear stop losses and are ready to exit if the price falls below key support levels, as the descending channel indicates the possibility of continued downtrend until a breakout is confirmed. Catalyst to Watch: Keep an eye on any news or announcements regarding Velas, particularly related to the Solana bridge, as this could trigger the anticipated bullish move. Given the indicators and market structure, a cautiously optimistic approach seems prudent. If the price breaks out of the descending channel with volume, a more aggressive long position could be considered.
CRYPTO:VLXUSDLong
by elfabiiani
Technical Analysis and Trading Plan for Velas (VLX) Technical Analysis Velas (VLX) is currently in a descending channel. This pattern suggests a bearish trend in the short term, but there is potential for a bullish reversal if certain conditions are met. Descending Channel: The price is moving within a downward sloping channel, characterized by lower highs and lower lows. This pattern indicates ongoing selling pressure. Bullish Divergence: The VMC Cipher B indicator shows a series of bullish divergences, where the price is making lower lows, but the indicator is making higher lows. This often precedes a trend reversal. RSI and Stochastic Oscillator: Both the RSI and the Stochastic Oscillator are in oversold territory, suggesting that the selling pressure may be exhausted and a rebound could be imminent. Moreover, the Solana-Velas bridge is part of a broader initiative to improve cross-chain interoperability. This will allow assets to move freely between the two ecosystems, enhancing liquidity and usability across platforms​. Trading Plan for Spot Trading Given the technical indicators and recent news, here is a potential trading plan for Velas (VLX): Entry Point: Look for a breakout above the upper boundary of the descending channel with a confirmed bullish divergence. An ideal entry would be around $0.0098 - $0.0100, once the price shows signs of stabilization and reversal. Take Profit: Target the next significant resistance levels. A reasonable first target would be around $0.0120, with a secondary target at $0.0150 if the bullish momentum continues. Monitoring News Keep an eye on updates regarding the Solana-Velas bridge deployment. Positive developments or official announcements about the bridge going live could serve as strong catalysts for upward price movement. Regularly check news outlets and the official Velas and Solana channels for the latest information. By following this technical analysis and trading plan, you can strategically position yourself to capitalize on potential bullish movements in Velas while managing your risks effectively.
CRYPTO:VLXUSDLong
by elfabiiani
✴️ VLX, VELO, VRA All Green!Velas (VLXUSDT) came out of a descending channel and has been green for the past five days. It seems the KuCoin Altcoins are taking the lead. The good news is that the entire market move together. You can see how these Altcoins also produced a bullish wave in January. The fact that they are growing now tells us that the others will follow. Look at VELOUSDT, this one also growing and I will share VRA for you as well to see what the chart has to say. Namaste.
VLong
by AlanSantana
VLXUSDT Bearish trend but look for potential reversal on the VI.The bearish trend prevailed on Velas (VLXUSDT) and on the short-term it is extending the selling pressure towards the April 27 Low. I have used the Fibonacci retracement and extension levels to give us a better perspective on how the targets may be more efficiently narrowed down. Our eyes this time are on the Vortex Indicator (VI) on the 1D time-frame, which after a failed Bullish Cross signal, it now turned sideways indicating potential high volatility and trend indecisiveness. As you see, this indicator has been higly efficient as since late October it provided ten signals which at least on the following 1D candle extended the trend. In order to limit the risk on this highly volatile short-term environment, it is best to wait for the next clear Cross (either bullish or bearish) on the 1D Vortex Indicator and trade to that direction, using the Fibonacci levels as targets. If you are a buyer and have a more macro-perspective, keep an eye on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) for a confirmed long-term bullish trend. Overall we think Velas will offer great returns on the long-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
VLXUSDT on +125%, strongest 3day rally of 2022. What's next?The Velas coin (VLXUSDT) completed yesterday a +125% 3-day streak, which is the strongest 3-day rally since the +258% of November 03 2021. By doing so, the price broke above the 1D MA50 (blue trend-line) but failed to close above it. This should be enough to put an end to this rally for at least 1-3 days but the true technical Resistance remains the 1D MA200 (orange trend-line), with Velas failing to close above since February 23. The long-term pattern remains a Channel Down since late 2021. Actually as long as the price trades below the 0.29000 Resistance formed of the April 06 High, the trend remains bearish. That is the Resistance of a potential Inverse Head and Shoulders (IH&S) pattern, that happens to be almost where the 1D MA200 is. This is a pattern technically seen during downtrends such as the current one, and typically forms bottoms and kick-starts bullish reversals. The last similar pattern failed to break above its Resistance on January 04, even though its was not during a downtrend. So you realize how critical the 0.29000 Resistance level is. Note that the RSI on the 1W time-frame has been trading and closing below its MA line (yellow) since November 30. A 1W closing above it, should be enough to restore the long-term bullish trend, especially if it coincides with a break above the 0.29000 Resistance. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
VLXUSDT Excellent short-term buy signalVelas (VLXUSDT) has been trading within a Channel Down on the 4H time-frame since the January 22 low. So far the pattern has made two Lower Highs and two Lower Lows, with the last contact with the bottom of the Channel two days ago, potentially being the third Lower Low. If the pattern continues to replicate the Lower Highs with near perfect symmetry, we can expect the next rise to top a little below the 0.786 Fibonacci retracement level, which is now at 0.2739. During the last bullish leg to a Lower High, the trigger was the break above the 4H MA100 (green trend-line). At the moment the 4H MA100 is a little below the 0.382, you may wait for tis confirmation but if you seek higher returns, buying now is also justified as the bottom of the Channel Down has been hit. Excellent short-term trade on Velas, a coin with equally excellent long-term potential. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
VLX - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. VLX is sitting around a strong demand zone in green so we will be looking for buy setups. on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective. Meanwhile, since VLX is sitting inside our demand zone, we will be looking for 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
VLong
by TheSignalyst
12
VLXUSDT A weekly perspective. Long-term potential for $1.50.This is my first analysis of Velas (VLXUSDT) on the weekly (1W) time-frame. And the reason I do so, is to bring you a fresh perspective on how strong the long-term upside potential is on this token. ** The 1D MA50/200 and Fibinacci Channel ** First of all, even though the time-frame is 1W, I've plotted the 1D MA50 (yellow trend-line) and the 1D MA200 (red trend-line) in order to identify price shifts. Every time the 1D MA50 crosses above the 1D MA200, it forms the technically bullish Golden Cross pattern. In the previous two Cycles, the Golden Cross was formed when the price had already broken above the Lower Highs trend-line of the Cycle peak. On the current cycle, the price is still trading below the Lower Highs trend-line and with the 1D MA50 supporting, we are closer to a Golden Cross than ever and this time may take place below the Lower Highs for the first time. As you see, Velas' price action since it first started trading can be charted within a Channel Up. I've used a Fibonacci Channel to illustrate how high it can get on the next Cycle peak. This Cycle has made a Higher bottom relative to the others as it didn't reach as low as the 0.0 Fib level. As a result, there is a Diverging Higher Lows trend-line, which may in turn cause a Diverging Higher High. That aligns perfectly with a modest rise from bottom to peak of +1100% as in the first cycle. That would cause the price to get very close to the 1.5 Fibonacci extension and that is exactly why the Fibonacci Channel is used on this long-term analysis. ** The RSI and LMACD indicators ** The 1W RSI and LMACD indicators, offer an even greater insight in combination with the Fibonacci Channel and the Golden Cross. The RSI is currently above the RSI-based MA (black trend-line), having made a Cross in late March. In past cycles, every time this cross took place, the price candles broke above the 1D MA50 and never closed below it again before the parabolic rally started. Also, the LMACD is close to a Bullish Cross. The last Bullish Cross took place in late August 2021, and practically signaled the start of the Parabolic Rally and break above the Lower Highs trend-lin. ** Conclusion ** This unique 1W analysis definitely shows that VLXUSDT is close to a Parabolic Rally. Right now the price is a great opportunity on a long-term perspective and if the +1100% projection plays out again, then we can expect for VLX to reach a value around $1.50. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
VLong
by TradingShot
3