### Velodrome Finance (VELOUSD) Price Analysis **Current Situation**: Velodrome Finance (VELOUSD) is currently trading around $0.089. This price level is within a significant support zone, which has historically provided a strong foundation for potential upward movements. **Technical Indicators**: 1. **Support and Resistance**: The current support level is...
### Current Long-Term BTC Uptrend Analysis Bitcoin (BTC) has been in a long-term uptrend, characterized by higher highs and higher lows since early 2024. This trend is supported by several key technical indicators: 1. **Moving Averages**: The 40-week moving average is sloping upwards, indicating a sustained bullish trend. 2. **Support Levels**: BTC has...
The double-bottom pattern in natural gas is a classic bullish reversal pattern, indicating a potential shift from a downtrend to an uptrend. This pattern forms when the price hits a low, rebounds, drops back to a similar low, and then rises again. The key elements to watch are the two distinct lows (forming the "W" shape) and the breakout above the neckline, which...
Key Support Zone Analysis for VELO 1. Historical Price Levels: Support zones are often identified by looking at historical price levels where the asset has previously found buying interest. VELO has previously bounced back from the $0.087 to $0.078 range, this could be a significant support zone. 2. Volume Analysis: High trading volume at these levels in the...
Here's a quick analysis of the BOIL (ProShares Ultra Bloomberg Natural Gas) chart: 1. **Current Price Movement**: BOIL has shown some volatility, with recent fluctuations indicating a potential consolidation phase. 2. **Support and Resistance Levels**: - **Support**: The immediate support level is around $10.50, which has been tested multiple times recently. ...
To break through the resistance zone at $0.1233, VELO needs to demonstrate strong buying momentum. Here are a few key factors to watch: 1. **Volume Surge**: A significant increase in trading volume can indicate strong buying interest, which is crucial for breaking through resistance levels. 2. **Positive News or Catalysts**: Any positive news, such as favorable...
Could this pattern be playing out again? We are entering into a period of potential explosive moves across all markets. After pulling back from the September lows, everything seems positioned for a positive October. Will history repeat itself?
The Russel is in a long-term up-trending channel and is flirting with a break above the midline. It has some major resistance to get through, but if it can break above the midline of the channel, we may be looking at 4K by EOY or Q1 at the latest.
### Importance of the 145-Day Cycle: 1. **Intermediate Cycle**: The 145-day cycle is often viewed as an intermediate-term cycle. It can help traders identify potential turning points within a larger trend¹. 2. **Market Timing**: Gann believed that markets move in predictable patterns and cycles. The 145-day cycle can be used to time entries and exits more...
VELO has retraced to the 61.8% level after a significant downtrend, the bounce comes with increasing volume, and might be a good time to consider entering a long position. If the price breaks below this level with high volume, it might be wise to reconsider and possibly look for short opportunities. When a chart retraces to the **61.8% Fibonacci retracement...
### Analysis of the W Pattern on the Natural Gas Chart A **W pattern**, also known as a **double bottom**, is a bullish reversal pattern that typically indicates a shift from a downtrend to an uptrend. Here’s a detailed analysis of the current W pattern forming on the natural gas chart: #### Key Characteristics of the W Pattern: 1. **Two Troughs**: The pattern...
Bitcoin bounced off the mid-line in its long-term channel and has just entered a major buy zone. It may consolidate for a few days before making its next move.
VELO has made it through a major resistance zone and is now sitting in a zone of relative interest. If we can break above this zone, we are likely going to .10-.12 or higher.
Could we see a reversal over the weekend now that BTC completed a perfect pullback to the 618?