STOCKS TELEGRAPH

Tag: Velas

  • Velas (VLX) –  What is the Chart Showing Us?

    At the time of writing, VLX is being traded at the price of $0.4621. The price of the coin has increased by almost 10% in the past 24 hours. The maximum and minimum of the day are around $0.4919 and $0.4202. The daily trading volume has on the other hand has also increased by almost 103.68% in one day. It is listed on coinmarketcap at 93rd spot according to market capital and has a market dominance of 0.05%.

    VLX before the crash had achieved its all-time high around the price of $5 in May 2021. During the crash, VLX created a bottom and dropped down to $0.035 in the month of June. Just like many other coins, the coin showed reversal but it wasn’t strong enough. It eventually went on to create new higher highs and lower lows since then.

    VLX has a total supply of around 2.24B tokens and all of them are in the circulation i.ie around 2.24B. It can be traded at a lot of different exchanges such as KuCoin, HitBTC, Gate.io.

    Technical Analysis – Velas (VLX)

    VLX has a really clean chart. We can see that the price of the coin had been dropping continuously a few days back. It was a constant decrease in the price but eventually, the bears lost momentum. That is when the price of VLX showed reversal. It remained there for two or three days and then shot upwards by printing big green candles.

    VLX - 1D

    Now during the drop, VLX had created a daily order block. It had also left an imbalance due to the presence of a wick. The middle point of the wick also coincides with the daily order block. We can expect the price of VLX to drop down after it mitigates that level. A drop till the imbalance zone and the breaker can be expected of the price from where we can look for a possible long.

    Price Prediction – Velas (VLX)

    VLX has been one of the highly bullish coins in the market. According to wallet investor, VLX in one year is expected to reach a value of $0.730. In five years, it is expected to touch $2.044. This shows that VLX has a huge amount of potential in it and would give an amazing return but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $2.

  • Velas (VLX) –  What is the Chart Showing Us?

    Velas (VLX) –  What is the Chart Showing Us?

    At the time of writing, VLX is being traded at the price of $0.2331. The price of the coin has decreased by almost 16.13% in the past 24 hours. The maximum and minimum of the day are around $0.2831 and $0.2265. The daily trading volume has on the other hand has also decreased by almost 75% in one day. VLX is listed on coinmarketcap at 130th spot according to market capital and has a market dominance of about 0.02%.

    VLX before the crash had achieved its all-time high around the price of $0.3499 in May 2021. During the crash, VLX created a bottom and dropped down to $0.036 in July. Just like many other coins, the coin showed reversal but and it wasn’t long before it went to create a new all-time high around the price of $0.54 during the month of November.

    VLX has a total supply of around 2.2B tokens and has nearly all of them in the circulation i.ie around 2.2B. VLX can be traded at a lot of different exchanges such as KuCoin, HitBTC, ZBG, FMFW.io.

    Technical Analysis – Velas (VLX)

    Velas (VLX) has been consolidating for a long time and eventually broke out with gigantic green candles that resulted in the price achieving a new high. The price has continued to make a new higher high but it wasn’t able to sustain the price and broke down. The price broke the structure and is now going down.

    VLX -1D

    A point of interest is the equilibrium point of the consolidation which can be the reason for the price to a dropdown. Right now, the price is dropping down and is respecting the trend line.

    We can expect the price to drop down from where we can look for a possible long entry in VLX . Lower time frame confirmations should be taken into consideration to have a clean entry in the price. The final target for the price lies around $0.40.

    Price Prediction – Velas (VLX)

    Velas (VLX) has been one of the highly bullish coins in the market. According to wallet investor, VLX in one year is expected to reach a value of $0.582. In five years, it is expected to touch $1.649. This shows that VLX has a huge amount of potential in it and would give an amazing return to the people who would hold it.