VELO What's the range?
Updated
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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No financial advice, do your own research, don't be stupid
Have we seen a similar movement before? Hell yeah, End of 2022 and even 2021 on a HTF
MA's flattening out, patience!
---
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
got a nice divergence too Note
the longer price maintains within this range, the more powerful the next move after breakout. lets watch what happens when rsi hits 50 levelNote
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 !
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