VLXUSDT Buy the dips on this steady growth. $0.400 before summerThis week Velas (VLXUSDT) made an impressive surge and almost recovered all the loss since the February Highs as it came too close to the 0.2900 Resistance (1) before getting rejected yesterday. On this analysis I will explain, both from a Technical and Fundamental outlook, why buying the dips is the best strategy on this steady rally long-term.
** Technical Analysis **
(Break above the long-term Lower Highs)
Initially, we can confirm that the bearish trend on Velas since the early January Highs has been reversed to bullish, as last week (March 25), the price broke above its long-term Lower Highs trend-line that has previously rejected any bullish break-out attempt.
(Resistance 1 and Higher Lows)
Naturally, investors took advantage of this buy signal and pushed the price to the next barrier, the 0.2900 Resistance (1). This is a methodical buying approach by the market and it should be no surprise that profits got taken right before this major Resistance, as it will be no surprise if dips such as yesterday's will start to get bought above the Higher Lows trend-line of the February 25 Low.
(The Golden Cross that delivered)
The 4H MA200 (orange trend-line) is supporting currently and we also have to mention at this point that the last 4H Golden Cross (when the MA50 crosses above the MA200) succeeded at delivering a rise (as it should because it is a technical bullish formation), in contrast to the Golden Cross of February 12 that was false and delivered a drop. This is another indication that VLXUSDT has finished its long-term correction and is starting a new Bull Phase.
(The RSI and the Fibonacci extension levels)
The 4H RSI is near its Support Zone, which further favors systematic buying on the medium-term. Additionally, pay attention to the Fibonacci extension levels. The March 31 (yesterday's) High wasn't just near Resistance (1) but also the 1.5 Fibonacci extension levels. That further supports the argument that the market is on systematic buy mode. Coincidentally, the next Fib extension (2.0) leads to Resistance (2) at 0.3350 and Fib ext 3.0 leads to Resistance (3) at 0.4200. We believe at Tradingshot that within the next 30 - 45 days those levels will be filled one by one. $0.4000 is a very realistic target.
** Fundamental Analysis **
First a little introduction about the project. Velas, as Swiss-based tech firm, has the fastest EVM Chain to compete with Ethereum 2.0. As a powerhouse of innovation and creativity, Velas has revolutionized the world of blockchain by creating a pioneering, energy-efficient platform that operates at unparalleled speed. The network provides a scalable solution for dApps with up to 75k TPS.
That being said, the market already values highly Velas' powering into Formula 1 with a multi-year Scuderia Ferrari partnership. A market with huge exposure, Velas branding on Ferrari’s iconic racing cars is certainly a huge leap into the future, as Formula 1 enters this new technological era. This is the first partnership of this kind for Ferrari.
In Ferrari's announcement, the F1 team emphasized how both companies share values such as innovation and performance of technologically advanced products and services, also making a special mention to the NFT sector, which can take the motorsport world by storm.
In more recent news, Velas announced that they will be present at the Block World Tour held in Andorra on April 1-2! Great chance to meet with the firm and learn all about the little details you may not know about the project! See more on their twitter page.
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VLXUSDT trade ideas
VLXUSDT| VELAS - A Beautiful Bullish OpportunityVLXUSDT| VELAS - A Beautiful Bullish Opportunity
What Makes Velas Unique?
EVM — supports all smart contracts and dApps built on the Ethereum stack.
Instant, low-cost transactions - extremely efficient performance at a fraction of the cost.
Velas Account - passwordless solution that facilitates interaction with blockchain apps to the level of Google account and PayPal-like convenience, without sacrificing our user's security.
Access Management - a decentralized access management system, which allows users to control access to files on IPFS using multiple encryption types.
Velas Vault - a novel solution to store secrets and private keys. This enables various use cases, such as decentralized custody solutions of assets native to other blockchains (BTC, ETH, ERC-20, etc).
Velas Wallet - multi-currency wallet with staking functionality.
MicroApps - Velas will soon support cross-platform decentralized applications where not only the code (logic) is stored on-chain, but also its user interface.
Technical Analysis:
The price on VELAS is in a very good place for us to look at for a bullish scenario.
The price already made the first step from the 0.2000 price area and now we can see a very nice
price correction.
From this correction, I am watching to target the CD leg of the pattern as it looks very promising and
with very high chances to move higher.
The potential profit is +35% on this CD leg of the harmonic pattern.
Thank you and Good Luck!
VLX Fibonacci levels 👍🚀Based on the chart, we can see appropriate amount of volume for the price sharp candlesticks and major support area ✔️
if
this volume continues, and the price stays above the support area, we will see more gain 🚀
after
a long time of correction to the downside, we can see more gain for vlxusdt 🚀
if
the price breaks these support areas, here we can see correction to the downside
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
VLXUSDT is testing the 4h resistance after the cup and handleThe price created a double bottom on the weekly structure on the 0.20$.
As you can see from the upper chart, the price had a breakout from the dynamic daily resistance and now the market it's testing the 0.382 Fibonacci resistance after the green candles series.
on the 4h timeframe the price created a cup and handle pattern and the market had the breakout from its neckline.
How to approach?
The price could have a breakout from the 4h resistance (0.2530$) or gets the liquidity from the previous resistance now new support. So, if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
VLX Can Reach 0.31$ & 0.40$ afterward!Good Bullish Potential🌳VLX has been in a BIG Falling Wedge Pattern & It has Managed To Break The Mentioned Pattern Recently! As You Know The Pattern Is a Bullish Pattern & we can Expect a Good Bullish Movements For It. so Right now The Price has to reach around 0.31$ cause There is no Difficulties or Problems Reaching There From Our Perspective! another Thing is if VLX manages to reach 0.31$, There is a Chance that It would Increase From there and Reach around 0.40$ Even! after Reaching 0.31$ and Breaking The Resistance, We can Expect a Pullback to 0.31$ and after ward ,reaching 0.40$.
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Thank you for seeing idea .
Have a nice day and Good luck
VLXUSDT broke last resistance zone and can pump hardAs we can see price broke one of the major resistance that was the red trendline resistance and the market here is getting bullish.
The first resistance ahead is near 0.32$ and after a valid breakout there we are looking for more pump too.
Major supports and resistances are all mentioned on the chart too.
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VLX – Market Structure AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I found VLX chart interesting. Here is why:
VLX has been bearish for a while, however, we can clearly see that the bearish impulse movements are getting smaller and more flat (red comments).
So from a market structure perspective, this means that the bears/sellers are exhausted.
But this is just an early alert that a potential reversal might happen. It doesn't mean that the bulls are in control just yet.
For the buyers to take over, and the momentum to be shifted from a long-term perspective, VLX needs to break above the last major high marked in gray.
Meanwhile, until the buy is activated , VLX can still trade lower to test the green demand again. In this case, we will be looking for short-term buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
Velas VLX Price Targets and Stop LossVLX/USDT
Entry Range: $0.22 - 0.25
Price Target 1: $0.28
Price Target 2: $0.33
Price Target 3: $0.38
Stop Loss: $0.18
FULL REVIEW ON VELAS (VLX) !!!Velas is the world's fastest EVM Blockchain enabling up to 75 000 tx/s, processed instantly, with highest security out there, at almost for free. Velas Ecosystem consists of decentralized products built on top of its chain to present the ease of user experience of decentralized, open-source products.
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Basic VLX Metrics:
-Total Supply - 2,124,380,663 VLX
-Circulating Supply - 2,124,380,663 VLX
-Inflation Rate - 8%
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Velas Network Blasts off Through Partnership with SpaceChain into the New-Age Space Race. The partnership between the space industry and blockchain is mutually beneficial !!! >_-
Velas VLXFundamentally super strong project.
But looking for the TA, maybe its playing out double bottom pattern. Price going to touch support at 0.29 and then im completely bullish. If its coming little bit down the RSI going to be more healty too.
VLX updateVLX formed a double bottom on the 4hr chart... if there's no reversal on the upside, the next buy zone is set at 0.26$ price range.
VLX updateVLX is testing the bottom of the support level at 0.35$ if it doesn't hold close above on the weekly chart, we can expect more down trend between 0.27$ & 0.32$. Could be the next buy zone before trending back to the upside.
VELAS/VLX Blockchain on the riseVelas is a new blockchain that I started to invest in late 2021 & believe that it still has a lot of potential to grow in the market. It's possibly the fastest & cheapest blockchain out there at the moment. Very promising smart contract, DeFi, Metaverse & NFT projects on the way. I should mentioned 2 other promising projects that lies on this blockchain: (WAGYU - DEX Wagyuswap) & (SCAR - Metaverse Velhalla) ... check them out!
Velas Blockchain ep.2Résumé sur du Blockchain Velas et sont écosytème.. Quick review on the Velas blockchain & projects launched on their Velaspad.
Velas Blockchain ep.1Résumé sur du Blockchain Velas et sont écosytème.. Quick review on the Velas blockchain & projects launched on their Velaspad.
sc velasvelas auto fib testing out these tools
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