Velas (VLXUSDT) has been trading within a Channel Down since the January 13 High. The 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) have formed a Resistance Zone where the last 4 attempts to turn the chart bullish failed and the price got rejected to Lower Lows.
Right now the price sits near the Lower Lows (bottom) trend-line and seems to be...
Velas (VLXUSDT) broke above the 4H MA50 (blue trend-line) on Monday for the first time since May 05 and has establish the 4H price action above it since. This short-term pattern is a Channel Up and is already above +90% up from the May 12 low.
The longer-term pattern is a Bearish Megaphone and every time the price broke above the 4H MA50, a rally started to the...
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...
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...
Velas (VLXUSDT) has been trading within a Channel Down since late January, as I mentioned on the most recent analysis. Right now the price is at the bottom of the Channel, potentially forming a Lower Low. The Lower Lows legs share similar 4H MACD structures and once the 4H MA100 (red trend-line) breaks, the short-term target should be within the 0.618 (0.2430) and...
Velas (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...
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...
Velas (VLXUSDT) has formed a Bull Flag following the rally since the March 18 Low. This analysis is basically an extension of the one published last week, showcasing the importance of the Lower Highs trend-line of November 19 2021, and that as long as it doesn't break, the pull-back will seek the lower Support levels:
So far this trend-line hasn't been...
This idea is an update to last week's 4H analysis on Velas (VLXUSDT):
What's new is that the 1.5 Fibonacci extension level and Resistance 1 (0.2900) haven been hit. That opens the way for the next Resistance level of 0.3350 and the 2.0 Fibonacci extension. Another positive development is that the rebound for the break-out sequence took place on the former...
Velas (VLXUSDT) is currently ahead of a critical moment for its long-term trend. Supported by the 1D MA200 (orange trend-line), having just ten days ago broken above both the 1D MA200 and the 1D MA50 (blue trend-line), it eyes the last barrier of the Lower Highs trend-line. News-wise, as Velas introduces its new Fund & Accelerator program, this may be the right...
This week Velas (VLXUSDT) made an impressive surge and almost recovered all the loss since the February Highs as it came too close to the 0.2900 Resistance (1) before getting rejected yesterday. On this analysis I will explain, both from a Technical and Fundamental outlook, why buying the dips is the best strategy on this steady rally long-term.
** Technical...
