Velas Price (VLX) – Potential Bullish Reversal!

Crypto: Ethereum - Altcoin Correction Completed?

VLX is sitting around a strong demand zone in green so we will be looking for buy setups
on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.

Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.

VLX Price Chart | What Is Velas?

Meanwhile, since VLX is sitting inside our demand zone , we will be looking for buy setups on lower timeframes.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Crypto: Ethereum - Altcoin Correction Completed?

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal