Crypto Contest March 19: Velo

Velo (KuCoin: VELOUSDT) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, VELO began a red wave one advance on December 17, 2022. The red wave one peaked on January 20 this year and the red wave two correction ended on February 10. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 26 and the red wave four (blue sub-waves a-b-c) correction ended on March 10. If this wave count is correct, VELO should be heading next towards the February 26 peak in the red wave five.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Velo is "next generation" financial protocol for businesses. You can watch their latest AMA below.

(Sources: https://www.velo.org/)

How Will Velo Trade?

Velo (KuCoin: VELOUSDT) daily chart by Tradingview.

(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

VELO will takeout the February 26 peak

VELO will drop below the February 10 low

VELO will stay in a trading range between the February 10 low and the February 26 peak until April 25