Downloading...
Download

VELOUSDC

The current VELO chart with my 'April flash crash' thesis waves.VELO is currently trading towards the bottom of the range, which could be a good sign that it has, or will, bottom soon. Personally, I think it will hit a slightly lower level on the charts before breaking out in the third wave, which will align with the fifth wave on the other charts I’ve shared, incorporating my 'April flash crash' thesis. Keep in mind, it doesn’t have to bottom before the third wave to occur, but I think it’s likely. I’ll reassess as more information comes out in the coming days/weeks. Good luck, and always use a stop-loss!
CRYPTO:VELOUSD
by MetaShackle
3
Bearish ascending wedge could signal a 50% - 75% drop in VELO.There have been four times previous on VELO'S weekly chart when price peaked out on the RSI. After this peak, VELO'S price has dropped between 75.6% to as high as 99.95% from the presented peak. 6 weeks ago, VELO flashed this same signal for the 5th time in its history, indicating that a drop to the bottom trend line of the current bearish ascending wedge pattern could be imminent in the medium term. If this is the case, and this pattern plays out for a 5th time, there could be some really good discount prices coming to add to your positions. I'm not a VELO fan, and will be passing on this regardless of price, but for those who do, this could be time to be very cautious. Good luck, and always use a stop-loss!
CRYPTO:VELOUSD
by MetaShackle
VELO is readying itself for a SPECTACULAR MOVE!VELO looks to be setting up for what could be a spectacular move! I believe that VELO will appreciate much more in the medium and long term than what is shown on this chart, but this chart is just to visualize a small portion of what I think will come in the future. As a day trader, I'm always looking for these types of setups, but it will be the long-term physical coin holders who will by far do the best! Good luck, and always use a stop loss!
CRYPTOCOM:VELOUSDLong
by MetaShackle
3