VELO ON THE BRINK
Updated
of a possible breakout!
The first leg in early 2023 has been a b*tch to count but obviously has a running flat for its wave 2 giving in the end follow of the fib rules, w3 on 1.886, w5 on 2.618.
Correctin of the first impulse ended right on 0.704 fib. And from there chance is quiet significant the next impulse has already started and its first correction is abaout to end with a break of the downtrend right on 0.786 fib.
Invalidation level is $0.00245 or a bit below.
Next logical target after hitting 0.236 major on the first impulse is major 0.382 @ about $0.019 respective 1.272 intermediate @0.025
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The first leg in early 2023 has been a b*tch to count but obviously has a running flat for its wave 2 giving in the end follow of the fib rules, w3 on 1.886, w5 on 2.618.
Correctin of the first impulse ended right on 0.704 fib. And from there chance is quiet significant the next impulse has already started and its first correction is abaout to end with a break of the downtrend right on 0.786 fib.
Invalidation level is $0.00245 or a bit below.
Next logical target after hitting 0.236 major on the first impulse is major 0.382 @ about $0.019 respective 1.272 intermediate @0.025
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Note
Bulls want to hold this 0.886 to avoid further downsideNote
Had another VELO analysis comparing this move with bitcoin, still similarity is awesome, maybe just a level lower Note
Price now needs to r/s flip this area with cofirmationNote
now testing 0.382 level, very important. reject here = bad. flip this level = full force 
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