VELO

The Velo is preparing to start a new bullish rally in the coming hours. The Adix shows upward bullish strength and candles are about to break out of a sideways channel.

Looks like a nice 5 wave down move, bottom formation, then impulse up. 10x from here looks right.

The ADX shows us a strong upward trend, indicating that momentum is beginning to rise. Therefore, a strong recovery awaits us to reach 0.017.

Short Velo. Very weak volume. It's preparing for a pullback. When BTC falls, it will be dragged down.

Accumulation along deep value lower channel trend line with higher highs. The upside is ridiculous and could melt so many faces. Will continue to accumulate down to trend line and will hopefully retire my family's blood line with this one. Else, get rekt. Target at double top. 1.90

Approx. Current Price 0.015–0.020 USDT per VELO (depending on platform) Technical IndicatorsMixed—moving averages bullish, oscillators neutral Long Position Rationale Betting on a price increase from current levels Risk ConsiderationsVELO is highly volatile; prices vary significantly by exchange

NFA, please invest only what you can afford to lose and always use 1-3% stop loss as a rule! This trade can always go sideways. I will be buying some positions in spot soon...

Velo could be turning heads soon. DAILY CHART Entered on 4h tp1 = 0.024 [4h] tp2 = 0.03700 [previous high] [Daily] a close above 0.019541 on 4h and first target 0.024

Velo is approaching a critical breakout. After a recent break out of a double bottom pattern on the weekly chart, Velo has now successfully retested the neckline as confirmation (as seen in the wick touching the yellow line). Velo is currently challenging the final resistance zone between $0.018 and $0.020. A clean break above $0.020 would open up the path toward the $0.040 level with relatively little overhead resistance. Having gone through an extremely deep bear market, Velo still holds significant upside potential. This is clearly visible at the major resistance it’s been testing since early 2023 (marked by the red line), which has now been tested three times. Should Velo break above this structure, we could begin targeting much higher levels since there is little resistance after, such as the 0.786 Fibonacci retracement level ($1.50) , or even the previous ATH near $2.00 . That said, these remain speculative until a confirmed breakout occurs above the current major resistance. For now, I’ll be taking partial profits around $0.04 , as it represents a key technical level and a logical area for a pause or rejection. Let’s reach the summit together! 📝 Note I'm currently building a portfolio of crypto analyses here on TradingView. Your feedback, tips, or validation are greatly appreciated, especially as I continue developing this skill further!NOTE: apologies! I forgot that I left the Fib. retracement on at the Logarithmic version of the chart. the 0.786 Fib. level of $1.50 is correct though, unfortunately I can't update this post with a new chart. so forget the second screenshot analyses, it's just to give an idea of price structure with a clear view of the resistance (red line)

VELO/USDT has high chance to break in the coming hours, more updates later when there is more confirmations below this update