VELAAI RWA - 3 Hours Chart Bull Flag? Opinions?✅ Bull Flag Structure Still Valid:
Flagpole:
Sharp rally from ~$0.010 to ~$0.060 remains clearly intact.
Strong volume surge during the move confirms aggressive buying.
Flag (Consolidation):
The price is still consolidating within a tightening range (sideways to slightly downward-sloping).
This consolidation has continued for over 24 hours — forming a bull flag or pennant pattern.
No breakdown from key support zones, still hovering above the EQL (~$0.031).
Volume:
Volume remains low during consolidation, which supports the idea of a pause, not distribution.
Watch for volume spike at breakout to validate the next move.
Stochastic RSI:
Stochastic RSI looks to be flattening and ready to curl up — signaling a potential momentum shift upward.
Cross-up near oversold is typically bullish on higher timeframes like 2H.
📉 Risk to the Bullish Case:
A breakdown below the $0.030–$0.031 support range with volume would invalidate the bull flag setup.
Weak momentum on the broader market or Bitcoin dump could disrupt structure.
📈 Breakout Levels to Watch:
Key Level Action
$0.036–$0.038 Bullish breakout confirmation
$0.042–$0.045 Initial take-profit zone
$0.050–$0.060 Full target from measured move
Measured Move Target (Flagpole Height):
~$0.050 ($0.060 - $0.010) ⇒ Add to breakout level $0.036 = Target ~$0.075–$0.080
🧭 Conclusion:
Yes — the bull flag remains valid as of the latest chart. Price action is still within the consolidation zone after a strong rally. A breakout above $0.036 with volume would confirm bullish continuation, with the potential for a run toward $0.080 - $0.10+.
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Not for Financial Advise
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