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Iam not a financial or crypto advisor
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VELO looks to be setting up for what could be a spectacular move! I believe that VELO will appreciate much more in the medium and long term than what is shown on this chart, but this chart is just to visualize a small portion of what I think will come in the future. As a day trader, I'm always looking for these types of setups, but it will be the long-term...
Yello, Paradisers! Have you been watching #VELO closely? After a prolonged downturn, #VELOUSDT is finally showing signs of life, forming a promising double bottom pattern. But the question is—will it break through?
💎VELO is currently challenging a critical range resistance between $0.0125 and $0.01289—also functioning as breakout neckline. If the bulls can push...
this post is dedicated to the change in structure which has taken place since my last velodrome projection, and my slight shift in perspective as to how i'm envisioning the run to come.
unfortunately, tradingview does not share the full history for this pair, so i cannot share my entire projection - but this picture which i am sharing here should suffice.
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this chart portrays the total market cap of the defi dominance.
it's currently sitting at 3.98% with an inverse h&s on a weekly timeframe.
my projected upside target sits at the ath of about 7.95%
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the last meaningful defi summer we experienced was in 2020.
☀
let's make this one count.
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i'm projecting this defi market cap dominance to hit 8% into the...
Velodrome (VELO) is a liquidity and trading platform specifically designed for optimized token swaps and efficient liquidity provision on the Optimism layer-2 network. Its key features include strategic liquidity deployment and in-depth analytics to maximize returns for liquidity providers, leveraging the scalability and low transaction costs provided by...
That token has been in a solid decline of >99% WOW
We see:
1) Price has reached 1.618 extension where price could reserve
2) Broke the bottom of the trend channel
3) RSI double bottom
4) RSI Bullish divergency
Lookout:
Expecting this to at least do a bear rally up to midline (2.5x 0.236 confluence) or top of channel (10x, nice confluence 0.382)
Hold my beer...
