nice break and retest ON THE LONGER TERM looking for rejection and continuation
Bullish week for Velodrome Current price $0.15. Lots of potential to reach $1 and higher. Rsi = Bullish Stoch Rsi = Neutral > Bullish Macd = Neutral > Bullish
Gotta be patient, but I think VELO is in a great place. When it moves it MOVES. Market-cap is so low. We are at a critical point where itll be big swings up or down, with where we are in the cycle there is just no telling.
Velo has held its support. With an even lower market cap things are looking up. If ALTs move DEXs in general will do great because of the volume. I expect more distribution at these levels until the next leg up, but im thinking that next leg will be sooner then we can expect if BTC can behave itself.
Triangle break, VWAP break with extra violence, Gann lines up with Wave 3 target, strong bear numbers on TPX and WaveTrend in multiple timeframes adds to consensus.
VELO has been able to maintain a market cap above 100M. From what the charts tell us, we have alot of distribution and sideways action ahead. This is healthy consolidation IMO. Still early for VELO. A 500MC makes sense for this project being OPs DEX of choice.
Retest of the prior support here in the near future. Expect us to CHOP around here, get rejected, then maybe push its way thru, without the volume it wont happen..
Down 60% from it ATH, broke right thu its previous ATH, there is hope that we could be seeing a bottom. VELO is my largest bag with hopes that its low market cap can reach 1B although I do think this project can reach much higher along with AERO.
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...
Velodrome Bullish Month Current price $0.22 All time high $0.39 Marketcap 130 million Stoch Rsi = Bullish Rsi = Neutral > Bullish Macd = Neutral > Bullish
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....
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.
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...
VeloDrome Finance to $1 Small marketcap crypto opportunity. Current price $0.26 Marketcap 150 million mcap Stoch Rsi = Bullish Rsi = Neutral > Bullish Macd = Neutral > Bullish Is VELO the next Uniswap and heading towards multibillion marketcap...?