Velo Protocol

On the above 1-day chart price action has corrected near 80% since the beginning of September. Just heinous for those holding during that time. A ‘incredible buy’ signal now appears as Stochastic RSI is crossing up 20.

The situation is the same on the VELO/BTC chart with a 70% sell off to support following the ‘great sell’ alert (below).

Is it possible price action falls further? For sure.

Is it probable? 10%. In that a ‘incredible buy’ represents a 90% chance of upside.

A buy from 27 cents is amazing.

Target? To the upper side of channel 12-16 weeks from now @ $2.15

Good luck!

WW


1-day VELO / BTC chart

Trade active

Comment:

up 25% already, amazing. Expect resistance around 46 cents.

Comment:

Resistance came and went as expected. Price action now confirms support on past resistance, onward and upward from here.

Trade active

Trade active:

The Bullish divergence is very clear now. A significant move should now be expected.

The divergence is also visible on the bitcoin chart with a number of oscillators diverging with price action.

Trade active:

You could wait all year for a signal like this... The 10-day VELO/BTC prints a massive Dragonfly DOJI candle.

Latterly the dollar chart prints a 2nd 'incredible buy' signal. Should be a easy 2x in the near term.

Trade active:

Lots of oscillators printing bullish divergence with price action today. Look left.