VELO What's the range?

Here we are 85% off the recent high, price gets narrowed inside a tiny range most likely implicating a strong move to follow. Up or down, we shall see but a conservate target of 0.618 would mean 3,5x

Have we seen a similar movement before? Hell yeah, End of 2022 and even 2021 on a HTF

MA's flattening out, patience!

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Hold my beer pls

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Comment:

got a nice divergence too

Comment:

the longer price maintains within this range, the more powerful the next move after breakout. lets watch what happens when rsi hits 50 level

Comment:

On regular scale we got a push right back into resistance

On log sclae we got a perfect bounce from midline of ALL TIME downtrend

Any retrace from here shouldnt go really deep and the recent local low should hold

Trade active:

trade active since the low

LETS F GO !