As a new All-Time Low is hit for this pair, VLXUSDT (Velas), we can appreciate the highest buy volume on record, indicating that this is the market bottom low as well as whales loading up. If you are reading this now there is no need to go over signals; Once we hit bottom, the only place left to go is up. The potential is huge for this drop to mean the bottom...
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,...
Market Cap: 56M Category: AI Target 1: 0.03037 Target 2: 0.03596 Manage Risk - have a stop loss in place Not Financial Advice This is for Entertainment Only
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...
Velas (VLXUSDT) has been trading within a Channel Down on the 1H time-frame following the price rejection last Friday on the 1D MA100 (red trend-line). Even though the 1H RSI is oversold last time the indicator entered those levels, Velas dropped some more before eventually reversing (April 26 - 27). As a result, it is best to trade this set up based on the...
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...
the price is creating a double bottom on the 0.19$ support after the price lost the weekly one. How to approach? The price needs to hold this support and get the liquidity for the next bullish impulse above the 0.20$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
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...
After the previous call, the price made more than 14%. The price is testing the daily resistance at 0.24$. on the 4h timeframe, the price is testing the 0.618 Fibonacci level as new support. How to approach? IF the price is going to have a breakout from the daily resistance, we could see another bullish impulse until the next resistance on 0.26$ According to...
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. DAILY: Left Chart VLX formed a valid wedge pattern in blue but it is not ready to go yet. Short-Term Trigger: Waiting for a momentum candle close above the last high to buy. H4:...
I think its a good time to buy💲. have good trade all🏌️♂️😎🆙
The price had an impulse after my previous analysis and now the price is testing again the dynamic support on the daily timeframe. On the weekly timeframe, the price is going to create a triple bottom on 0.2$. the price has a Demand cluster of 0.20, and we could see a spike on it in order to grab new liquidity for the new bullish impulse How to approach? We are...
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...