VELOFor a bounce like this to happen at VELOs previous ATH is major. A fakeout this far down and the capital that has come in to get us back above it is major. I have a strong conviction that we are seeing American BASED companys gunning for decentralized exchanges like UNI to clear the way for AREO and VELO... Long stretch but shit makes sense to me...
VELODUSD trade ideas
VELOGreat bounce off the 50ema, came thru as really strong support on the 4hr. We are also back above it on the smaller time frames as well. Hopefully we keep up this bullish momentum. I am pretty positive we are in the process of putting in a higher low. VELO is in price discovery so large swings up and down should be anticipated, but I dont see us going down previous ATHs at around 20 cents.
VELOThis negative price action for BTC has had a major impact on VELO sending the price down even further to 40% from its ATH. The RSI on the daily points toward more negative PA. If we break the 21ema on the daily the next price zone would appear to be between 14-18 cents. With Velos MC being so low and low circulating supply it would be easy for this to turn into a higher low with more postive price action happening later this month.