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VELO / Tether

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VELOUSDT trade ideas

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
VELOUSDT Technical Analysis⏳ Spot 💎 VELOUSDT has formed a Wedge pattern. After the rejection from the support zone and breaking above the major resistance it is expected to go higher and reach TPs 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 0.214267 to 0.200376 ☕️ TP1 0.229842 🍺 TP2 0.273200 🍻 TP3 0.328344 🍾 TP4 0.375911 🍷 TP5 0.422215 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 0.200376 to 0.181854 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
4