VELO/USDT Ascending Triangle

VELO in USDT pairing is forming an Ascending Triangle. This is typically a bullish pattern. A breakout can send us up 10-20% (green box) area. On the other side, there is much resistance here at top of triangle. BTC also can consolidate some from its previous pump and make alts cool off, in the case BTC consolidates we can see VELO and other alts break down into the (red box) areas. Stop loss would be a violation of the bottom support trendline in the triangle. Right now we are anticipating strong momentum to push us through while understanding market conditions and knowing where to place SL.