VELOUSDT is preparing for a massive bullish wave or the resumption of the bullish cycle that started late December 2022.
We can see how the daily volume just broke the descending pattern. Each time there is a volume breakout, a bullish wave shows up.
The chart is really strong in general, huge swings and prices holding high after each correction. The higher lows and higher highs are easy to spot.
Yesterday's session is very telling based on the long lower wick with high volume. Supported by the RSI and MACD.
✔️ Easy target is 132%, so this pair is very volatile which is great.
✔️ Then we have 230% and 300% on the way up... ✔️ The final potential target for this wave can reach $0.0228 or 635%, this is just a projection, the final price when the wave ends can be higher or lower but the initial wave from Dec. '22 through Feb. '23 produced more than 1200% of growth.