Velo (VLX) Correction Might Not Be Over!

17. Sept. 2024

I share mostly bullish Altcoins, but I found this chart looking for those that are set to grow and thought it would be of interest to the holders of this pair.

➢ Velo's (VLXUSDT) correction might not be over.

Last week, 9-Sept. session, closed as a lower high compared to the peak that was hit in March 2024. Volume has been dropping since February 2023.

The chart structure looks bearish and it seems this pair is ready to produce the C wave of a classic ABC.

Notice that this pair is trading relatively high, not low. It is trading near resistance and recently produced a lower high. The ones that we look for are down, red; trading near support, producing lower lows and ready to grow.

A correction here, another drop, would not be the exception but the norm.

It is going down.

(Note: Market conditions can change. A break of the recent lower high would invalidate some of these signals.)

Thanks a lot for your continued support.

Namaste.

4. Nov. 2024

Trade ist aktiv

Correction potential intact; stronger now. VELOUSDT is set to increase in bearish momentum.