In-depth trading ideas
Velodrome Bullish ScenarioVelodrome has experienced a sharp decline since listing on Binance, but now experiencing an accumulation towards a highly bullish direction.
Intersection of trend lines with the red line may indicate a short term Short position, while intersection with the green lines from a bullish trend indicate further upward movement.
It may stall around the 0.255 area with a potential sell-off back to 0.23 before further rally.
Not financial advice.
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VELODROME Binance / Coinbase probable ScenarioAn expected drop from ATH for VELODROME after Binance listing was highly expected.
While some claim it may drop further, the TA shows too many bullish pointers that should push the price at least till 0.28, with a possible retest in the 0.25-0.26 area.
I will personally make a risk and go long. If the price drops below the 0.225 area without a significant bounce back, we should expect a further drop till around the 0.2 area.
Velodrome is the most used DEX on Optimism and share the same team w
Velodrome Finance: Key Levels and the Calm Before the Break!!Imagine standing at the edge of a quiet lake in the early morning. The water is still, but you can feel something brewing—a ripple, a shift. That’s where Velodrome Finance (VELO/USD) is right now, hovering around key levels, poised for its next move.
If the price dips to the 50% retracement at $0.23-$0.21, it could find the momentum to push higher. A deeper move to the 61.8% retracement at $0.1770 might still hold promise for a rebound, but if it falls below this level, it’s best to step back a
VELOGreat morning when VELO is listed on BINANCE. Congrats to everyone who bought low, and even if you bought high. VELOs marketcap is very low, well under 500M, and is currently #328 in CoinGecko. This assest has been on my radar for a very long time. Looks like we are headed to the moon with the right amount of volume and positive price action. No time for paper hands.
VELOUSD 12/3/2024VELOUSD Daily Chart Analysis
VELOUSD has exhibited distinct market cycle phases, presenting a strong bullish setup
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Key Observations
1. Market Cycle Phases:
o From April to July 2024, price underwent a steep downtrend, indicative of a distribution or markdown phase.
o Between July and November, price transitioned into an accumulation phase, consolidating within a defined range.
2. Breakout Confirmation:
o At the end of November/start of December, price broke out of the accumulation range.
o A
Is $0.13 Next for VELOToday, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token:
The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong resistance level, suggesting increased buying pressure and positive market sentiment.
The price movement suggests that the token is gaining mo
Is $0.13 Next for VELOToday, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token:
The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong resistance level, suggesting increased buying pressure and positive market sentiment.
The price movement suggests that the token is gaining mo
VELO Hits Major Buy ZoneVELOUSD just re-entered a major buy zone in its volume profile after handily bouncing off significant support. This level has shown impressive trading activity from buyers in the past and may again generate strong interest in the token. This can be a bullish signal, suggesting that the price could continue to rise as buyers step in to take advantage of the perceived value at this level.
Given that the current price of VELOUSD is $0.098, if the buy zone holds, the price could potentially move
VELO - Ready for Next Leg?### 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 around $0.078, with resistance at approximately $0.105. Holding above the $0.078 support level is crucial for maintaining bullish momentum.
Watch Key Support Zone for VELOKey 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 past can indicate strong support. There was significant trading activity around $0.087 to $0.078, it suggests that many traders see this
Velodrome Finance (VELO) is a sleeping giant. Hidden 100x gem?After diving deep into Velodrome Finance's documentation and dApp, it's become crystal clear that VELO is destined to become a top 20-30 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why:
1. Massive Liquidity and Total Value Locked (TVL)
VELO has an impressive amount of liquidity and demand, and it's only growing:
Velodrome's TVL recently hit $97 million, a significant milestone.
It's t
$VELO - A Bullish Chart Velodrome is perfectly positioned for the next bull run. Healthy upmoves with strong volumes are providing a glimpse of what VELO's movement in the next 12 months might look like. The team is solid, extremely aggressive, and rapidly expanding across all Superchain member chains.
The chart highlights some major resistance levels.
I wouldn’t be surprised if VELO reached a $5-10 billion market cap by the end of this bull cycle. If this becomes reality, the token could multiply by 30-50x, placing
Can VELO break ResistanceTo 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 macro reports or strategic partnerships, can boost investor confidence and drive the price higher.
3. **Technical Indicators**: Look fo






















