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VELO / Tether

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VELOUSDT trade ideas

✴️ VELOUSDT Bear Market Over? (Name Your Altcoin #60)There is no doubt that we underwent a massive bear market. There is no problem with that, no question... It is normal and after the bull market comes a bear market. Now, after the bear market comes a bull market... Forever... Now again, the question, is the bear market over? That's the question right? That's the only question we should be asking. Let's see what VELOUSDT has to say. The biggest bearish wave ever starts after the March 2021 peak, VELOUSDT All-Time High (ATH). By mid-December 2022, more than a year and a half later, a low/bottom is hit. The reaction after this low answers the question, is the bear market over? Massive volume. Super high, ultra-volume and 1,380% growth within 2 months. Yes, this is the beginning of the bull market. This type of action only happens after a bottom is in... You can get a correction but it isn't likely to move below December's 2022 low. And thus a higher low... Which would then lead to another bullish wave and this cycle repeats for years to come. It is what it is... But there is no reason to be mad or sad. This is awesome. This is great. We are trading cryptocurrencies. We are buying and selling cryptocurrencies. We want the market to grow. Even if you are a bear, learn to become a bull because the market is not only down, there is also up. The bear market is over. This is my translation of the charts. Namaste.
Long
by AlanSantana
1
Velo potential for huge impulse (.135)Fundamentals: Monthly token burn of 2B & integration in to new veDAO project. Velo is ranging within a corrective ABC triangle. The top of the triangle is at ~.105 and the bottom is ~.037. TA tells us a breakout of the triangle can expect an impulse equaling the height of the triangle (.105-.037 =.068). .068 impulse at the triangle breakout point of .065 would take the price to the daily 200 EMA at ~.135 which coincides with the 3.272 extension fib of the last impulse on 04/15. Low liquidity and a long downtrend could lead this impulse to occur very quickly. Beyond the move to .135 there is potential for more upside to the .23 and .45 price.
Long
by Northside
Velo ProtocolOn the above 1-day chart price action has corrected near 80% since the beginning of September. Just heinous for those holding during that time. A ‘incredible buy’ signal now appears as Stochastic RSI is crossing up 20. The situation is the same on the VELO/BTC chart with a 70% sell off to support following the ‘great sell’ alert (below). Is it possible price action falls further? For sure. Is it probable? 10%. In that a ‘incredible buy’ represents a 90% chance of upside. A buy from 27 cents is amazing. Target? To the upper side of channel 12-16 weeks from now @ $2.15 Good luck! WW 1-day VELO / BTC chart
Long
by without_worries
29