ولاس

VLXUSDT Possible rebound to the 1D MA50 Velas ( VLXUSDT ) has been trading within a Channel Down since the January 13 High. The 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) have formed a Resistance Zone where the last 4 attempts to turn the chart bullish failed and the price got rejected to Lower Lows. Right now the price sits near the Lower Lows (bottom) trend-line and seems to be replicating the price action of January 2022. What followed was a rebound just above the 1D MA50 in early February. With the 1D MACD also on a Bullish Cross as on February 03, we expect a same reaction, with the 1D MA50 currently at 0.1554 but declining strongly. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------

VLXUSDT Almost +100% up since the crash Velas ( VLXUSDT ) broke above the 4H MA50 (blue trend-line) on Monday for the first time since May 05 and has establish the 4H price action above it since. This short-term pattern is a Channel Up and is already above +90% up from the May 12 low. The longer-term pattern is a Bearish Megaphone and every time the price broke above the 4H MA50, a rally started to the top of the pattern and at least the 1D MA100 (red trend-line). This time however that's above the Megaphone so a short-term target on the 4H MA200 (orange trend-line) sounds more realistic. But if the 4H MA50 fails to support, expect the resume of the long-term bearish trend towards the 0.0520 Low and quite possibly 0.0400. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------

VLXUSDT Bearish trend but look for potential reversal on the VI. The bearish trend prevailed on Velas ( VLXUSDT ) and on the short-term it is extending the selling pressure towards the April 27 Low. I have used the Fibonacci retracement and extension levels to give us a better perspective on how the targets may be more efficiently narrowed down. Our eyes this time are on the Vortex Indicator (VI) on the 1D time-frame, which after a failed Bullish Cross signal, it now turned sideways indicating potential high volatility and trend indecisiveness. As you see, this indicator has been higly efficient as since late October it provided ten signals which at least on the following 1D candle extended the trend. In order to limit the risk on this highly volatile short-term environment, it is best to wait for the next clear Cross (either bullish or bearish ) on the 1D Vortex Indicator and trade to that direction, using the Fibonacci levels as targets. If you are a buyer and have a more macro-perspective, keep an eye on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) for a confirmed long-term bullish trend . Overall we think Velas will offer great returns on the long-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------

VLXUSDT Channel Down short-term. Velas ( VLXUSDT ) has been trading within a Channel Down on the 1H time-frame following the price rejection last Friday on the 1D MA100 (red trend-line). Even though the 1H RSI is oversold last time the indicator entered those levels, Velas dropped some more before eventually reversing (April 26 - 27). As a result, it is best to trade this set up based on the Fibonacci retracement levels. If the Channel breaks below, target the 0.786 Fib (0.13520) and in extension 0.12000. If the Channel breaks upwards, still wait for a confirmed break-out above the 0.382 Fib and target the 0.236 at 0.20900 and eventually the 0.24000 High. Our long-term outlook on Velas is unchanged and remains bullish . Great investor choice. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------

VLXUSDT on +125%, strongest 3day rally of 2022. What's next? The Velas coin ( VLXUSDT ) completed yesterday a +125% 3-day streak, which is the strongest 3-day rally since the +258% of November 03 2021. By doing so, the price broke above the 1D MA50 (blue trend-line) but failed to close above it. This should be enough to put an end to this rally for at least 1-3 days but the true technical Resistance remains the 1D MA200 (orange trend-line), with Velas failing to close above since February 23. The long-term pattern remains a Channel Down since late 2021. Actually as long as the price trades below the 0.29000 Resistance formed of the April 06 High, the trend remains bearish . That is the Resistance of a potential Inverse Head and Shoulders (IH&S) pattern, that happens to be almost where the 1D MA200 is. This is a pattern technically seen during downtrends such as the current one, and typically forms bottoms and kick-starts bullish reversals. The last similar pattern failed to break above its Resistance on January 04, even though its was not during a downtrend. So you realize how critical the 0.29000 Resistance level is. Note that the RSI on the 1W time-frame has been trading and closing below its MA line (yellow) since November 30. A 1W closing above it, should be enough to restore the long-term bullish trend , especially if it coincides with a break above the 0.29000 Resistance. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------

VLXUSDT is testing the historical support! Ready for the bounce? the price is testing historical support on 0.19$ as you can see on the upper chart, where the previous bullish impulse started. On the 4h timeframe, the price is creating a descending channel How to approach? The price needs to hold the support and have a new breakout from the descending channel and static resistance and retest it as new support. According to Plancton's strategy, we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐

VLXUSDT 1D and 1W outlooks. 1D MA100 is the key. Velas ( VLXUSDT ) has been trading within a Channel Down since late January, as I mentioned on the most recent analysis. Right now the price is at the bottom of the Channel, potentially forming a Lower Low. The Lower Lows legs share similar 4H MACD structures and once the 4H MA100 (red trend-line) breaks, the short-term target should be within the 0.618 (0.2430) and 0.786 (0.2627) Fibonacci retracement levels. The chart on the right is on the 1W time-frame where we clear see the importance of the 1D MA100 (green trend-line). It was the long-term Support when Velas started rising on the August 30 2021 1W candle. The correction started when it broke downwards and it has been the Resistance since January 21 2022. When it breaks to the upside (which may coincide with the 1W RSI breaking above its MA (yellow line)), there are high chances to see it turn into the Support again for a new long-term rise. The last High of November 2021 stopped just below the 0.618 Fibonacci retracement level. Technically that should be the medium-term target when the next rally starts, with the long-term being the 0.786 Fib around $1.71. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------

VLXUSDT Excellent short-term buy signal Velas ( VLXUSDT ) has been trading within a Channel Down on the 4H time-frame since the January 22 low. So far the pattern has made two Lower Highs and two Lower Lows, with the last contact with the bottom of the Channel two days ago, potentially being the third Lower Low. If the pattern continues to replicate the Lower Highs with near perfect symmetry, we can expect the next rise to top a little below the 0.786 Fibonacci retracement level, which is now at 0.2739. During the last bullish leg to a Lower High, the trigger was the break above the 4H MA100 (green trend-line). At the moment the 4H MA100 is a little below the 0.382, you may wait for tis confirmation but if you seek higher returns, buying now is also justified as the bottom of the Channel Down has been hit. Excellent short-term trade on Velas, a coin with equally excellent long-term potential. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------

VLX - Potential Bullish Reversal! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. VLX is sitting around a strong demand zone in green so we will be looking for buy setups. on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective. Meanwhile, since VLX is sitting inside our demand zone , we will be looking for 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

VLXUSDT is creating a double bottom the price is creating a double bottom on the 0.19$ support after the price lost the weekly one. How to approach? The price needs to hold this support and get the liquidity for the next bullish impulse above the 0.20$ According to Plancton's strategy, we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐Comment: the price is trying to confirm the double bottom!