VELO USDT to $0.13Long accumulation phase on the DAILY timeframe that could potentially break out.
This recent formation of a descending wedge pattern suggests significant potential upside for VELO.
The breakout from such a pattern is often a precursor to substantial price movements.
Generally, the higher the timeframe of the breakout, the larger the potential move.
We observed a similar scenario with AERO. We entered AERO when it was in a similar pattern and caught the breakout that propelled it upward, allowing for significant gains.
Target: $0.13 (with higher potential beyond)
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Why $0.13?
VELO has a maximum supply of 1.8 billion tokens, with approximately 800 million currently in circulation. Presently, the market cap stands at $73 million, with a fully diluted valuation (FDV) of $166 million. The potential for VELO to reach $0.13 represents a realistic target that would elevate its market cap significantly.
Velodrome Finance is not just another DeFi project; it serves as a liquidity and yield generation platform that operates across multiple chains, including Optimism (OP) and others. It provides a robust ecosystem for decentralized finance, featuring ample liquidity and yield opportunities.
Similar to AERO, which also formed a descending wedge pattern, VELO could potentially break out and claim the 200 DEMA. If this occurs, it could take VELO toward $0.13, which aligns with the 0.236 Fibonacci level on the daily chart. Importantly, $0.13 is just the first target, and there is potential for further gains beyond this level as the project continues to develop and attract attention.
VELO's presence on Coinbase adds to its credibility and market visibility. As we look ahead, the substantial liquidity and yield generation opportunities available through VELO appear underappreciated, leading to the strong possibility of a 10x return in the future and perhaps even more.
Achieving the $0.13 target would position VELO more favorably in the market, increasing its market cap to a more substantial figure. This target reflects a conservative estimate, considering the project’s fundamentals and its current market conditions.
It’s important to recognize the inherent scarcity of VELO's token supply, which makes it susceptible to significant price pumps. While there is potential for VELO to surpass $0.13, this target serves as a prudent benchmark for the near term.
Velodrome Finance is committed to fostering a decentralized finance ecosystem, providing infrastructure that supports liquidity and yield generation for various applications. It aims to redefine how users interact with DeFi, making it a noteworthy project to keep on your radar.
VELO has been a key focus of mine for some time, and I’m excited to share my insights as we monitor its potential journey toward $0.13 and beyond.
COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT GATEIO:VELODROMEUSDT COINEX:VELOUSDT BITMART:VELOUSDT
Fibonnacci
BTC long settup forming "W" PatternBTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from the low to Swing High.
61,250 entry 1
59,650 entry 2
65,100 Long Target
2.2 Risk/Reward
Not financial advice.
Do your own DD, come to your own conclusions.
Thanks for looking at the idea.
OCADO BUY REITERATION Earnings beat causes a spike above short term resistance, keep an eye out for support at this level over the coming days as next resistance will be circa 457.
A dramatic spike is usually indicative of the direction of travel...Add in that the RSI is surging, the price is coming of two consecutive lower lows, a gap up above resistance, preceded by a dojo close the day before.
Still looks good for breaking into the fives.
EL | This is Ready for a Move Higher | LONGThe Estee Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under Estee Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas. The company was founded by Estee Lauder and Joseph Lauder in 1946 and is headquartered in New York, NY.
The Golden Ratio- Throughout history, the ratio for length to width of rectangles of 1.61803 39887 49894 84820 has been considered the most pleasing to the eye.
- This ratio was named the golden ratio by the Greeks.
- In the world of mathematics, the numeric value is called "phi", named for the Greek sculptor Phidias.
- Everything is in chart.
Happy Tr4Ding !
This pattern could potentially yield a significant increase🐺 Hello Dear KIUCOIN community, welcome to another idea : 🐺
This idea may be brief🤔, but it offers significant potential benefits . Please take a close look at the following chart : 👇
As depicted in the chart, ICP$ appears to be forming a bullish pattern, potentially resembling a bull flag or an AB=CD pattern ; Based on my analysis of the pattern, I believe there's a strong potential for a significant price increase, possibly reaching the 0.618 Fibonacci level , also known as the🔥 golden ratio 🔥
🐺 Consider entering a long position once the price decisively breaks above the resistance line 🐺
I hope you enjoy this idea KIUCOIN community ; Also always remember :
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
Don't forgot to follow us on X 👇🔥
Intel Corporation ($INTC) - Potential Squeeze After Rate CutIntel Corporation ( NASDAQ:INTC ) is setting up for an exciting squeeze potential following an anticipated rate cut. Here's why the technical landscape could be shaping up for a big move:
Fibonacci Support Holding Strong
The stock is currently holding well above the 0.786 Fibonacci retracement level, which is a critical area of support. Historically, holding this level is a strong indicator that a reversal could be imminent. A rate cut would provide a fundamental catalyst to accelerate a recovery from this level, as lower borrowing costs typically improve market sentiment, especially for large-cap tech stocks like Intel.
Worst-Case Scenario: Testing $13–$14 Support
While we are optimistic about the current setup, the worst-case scenario to watch for is a potential retest of the $13–$14 range. This level marks a significant historical support zone and, if touched, could provide a final flush-out of weak hands before the stock rebounds. Should this happen, it would likely signal a capitulation event, paving the way for long-term bulls to step back in at attractive prices.
Squeeze Potential and Rebound Targets
If Intel holds its current Fibonacci support, we could be setting up for a short squeeze driven by fresh liquidity entering the market post-rate cut. With technical and fundamental catalysts aligning, the stock has potential to rally toward the $40+ level over the medium term. This would mark a massive rebound, and a retest of previous highs would not be out of the question.
Key Levels to Watch
Immediate Support: 0.786 Fib level
Worst-Case Support: $13–$14
Upside Target: $40+
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DUOL: Price structure (upd)
The corrective structure for wave (2) looks to be complete. Next important mid-term resistance area: 248-345 (0.382-0.618% extension of wave (1)-(2)). In this resistance zone price may form a potential handle in long CaH patter before breaking out into long term uptrend towards next macro resistance zone: 589-820 and beyond (if following support structure holds)
Proposed structure is valid if price holds above august's lows (144)
Previous idea from Dec 2018 with updates:
Thank you for your attention!
BTC at some support levelsLets look at BTC. Some people have been saying that its getting ready to take off again, so I wanted to do my own analysis.
I've got three indicators I'm using here.
- Wedges/channels (the thin green lines)
- Fibs - the gold colored fib levels
- Wick Strength - the oscilalator at the bottom
First, Wedges.
We can see that price is at the bottom of a wedge/channel. Its been pretty consistent on the plotted wedges that breakouts have been significant. However with the support of the Wick Strength as well as support of the 0.382 fib level, it looks like we might return to the top of the channel rather than crashing through the bottom.
Next, Fibs.
Fibonacci are one of my favorite technicals and popular for a reason. Look at all the times price has bounced right off a near-exact fib level! Recently BTC hit the 0.5 with a STRONG support. And here we are again at the 0.382. Looking left on this line we can see multiple wax and wick bottoms rejecting at this price point in recent months.
Lastly, Wick Strength.
I'm still learning this one as its new, but here's what I've seen. In up markets, Wick Strength is low, because there is constant downward pressure from all the bears. So the top wicks are long, and the bottom wick are short. (Indicating that bulls are stronger since wax is bullish, but bears still have a voice and top wicks are longer than bottom). In down markets, its the opposite, and the Wick Score goes up due to longer bottom wicks by the bulls. Here, Wick Strength is relatively high actually, and we're in a flag price action pattern. Looking like Wick Strength will come down as the market takes off bullish again.
Just at thought! We'll see what happens.
What do you think?
BTC is about to start an upward movement towards $100,000According to the chart, it seems that Bitcoin has completed a flat correction pattern. Two high-probability support areas consisting of overlapping different Fibonacci percentages are marked with green areas on the chart. This flat pattern will likely end in one of these areas. Given that the price has entered the first support zone, any price increase above the end of wave iv confirms the start of the third bullish wave of Bitcoin. I expect the start of a powerful uptrend in the coming days and even hours.
OP/USDT Trading ScenarioAfter reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone.
In this situation, based on indicator readings, it's possible to consider building a position in OP assets with the aim of holding and potential growth to at least the 0.5 Fibonacci level, corresponding to the price point of $2.61. There is also the possibility of further price movement with a new ATH.
ARB/USDT 15m / D BB & FVG / ELLIOT / LIQUIDATIONS / FIBOAccording to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel.
Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential entry points are visible:
1. Liquidity grab (Sellside liquidity)
2. 0.5 Fibo
3. 0.618 Fibo / bottom of the ascending channel
4. The target is the local high, which is at the midline of the channel.
Locally, based on the EFIATR oscillator, volume, and liquidation levels, there is a likelihood of growth. According to Elliott Wave theory, a 5-wave pattern and an ABC correction in the 4th wave are visible, which further increases the probability of upward movement.
#ALOKINDS long term buy setup (24/08/2024)Greetings Folks,
today i have prepared a setup on NSE:ALOKINDS on NSE
the analysis is as follows
- the price is now trading near a very important resistance which has been tested many times now. The more times a resistance gets tested, the weaker it gets
- the price has took support from the 0.5 fib levels, it might test it again or move down to 0.618 levels
- i have also marked a support zone from where the rally started, use it when the price breaks the fib levels
- if the price breaks the zone too, use the last swing i have marked as liquidity
dont play with fire, always use a predefined stoploss according to your risk management
BTCUSD | CORRECTION HAS NOT FINISHED YETInstead of having simple ABC correction in 4th wave, Bitcoin is moving to complex one - WXY,
We have a Zig-Zag to 50% correction level for 3rd wave.
Probable future scenarios:
- one more Zig-Zag up to ~65k or even slightly more, and after it final Zig-Zag down to previous levels: ~52k-50k;
- final Zig-Zag from current levels down to the same levels ~52k-49k or slightly deeper to previous wave support levels ~45k-42k.
After that, Bitcoin will go to final 5th wave of bull cycle.
Hold your cash ready for one more deep dive.