#VELO ⟶ A 200% GROWTH IS EXPECTED!!
👉Based on the formation of a double-bottom pattern and its confirmation by breaking the neck-line on the daily timeframe, #VELO could experience a new bullish trend.
🎯Two targets can be considered for this bull-trend:
Short-term target: 0.01917-0.02042
Long-term target: 0.05370-0.05713
✅In case of a temporary decline, the best support levels to stop the decline and resume growth are:
Support level 1: 0.01160-0.01183
Support 2: 0.01024
Support level 3: 0.00731-0.00801
❌The stop-loss for the bull-trend scenario is determined based on the double-bottom pattern. If the price falls below 0.007050, the stop-loss for this bull-trend scenario will be activated, and we should move on to Plan-B for investment, which I will explain later.
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👉Plan B / #VELO / Weekly Timeframe
If the stop-loss for the first growth scenario is activated:
VELO can still yield good profits based on this scenario:
✅A decline and the formation of a bottom from one of the following supports:
Support 1: 0.004820-0.006143
Support 2: Midline of the double channel
Support 3: Lower boundary of the double channel
(Supports 2 and 3 are dynamic and do not have fixed prices)
🎯The targets in this case are the same as the first scenario.
🎯Two targets can be considered for this bull-trend:
Short-term target: 0.01917-0.02042
Long-term target: 0.05370-0.05713
✅In case of a temporary decline, the best support levels to stop the decline and resume growth are:
Support level 1: 0.01160-0.01183
Support 2: 0.01024
Support level 3: 0.00731-0.00801
❌The stop-loss for the bull-trend scenario is determined based on the double-bottom pattern. If the price falls below 0.007050, the stop-loss for this bull-trend scenario will be activated, and we should move on to Plan-B for investment, which I will explain later.
..............................
👉Plan B / #VELO / Weekly Timeframe
If the stop-loss for the first growth scenario is activated:
VELO can still yield good profits based on this scenario:
✅A decline and the formation of a bottom from one of the following supports:
Support 1: 0.004820-0.006143
Support 2: Midline of the double channel
Support 3: Lower boundary of the double channel
(Supports 2 and 3 are dynamic and do not have fixed prices)
🎯The targets in this case are the same as the first scenario.
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