Velo has swept the larger parallel and came close to tagging the bottom of the cloud. We also have a buy signal on the weekly timeframe( MRL slim indicator), which adds weight to the setup. On top of that, price has broken out of the falling wedge that’s been forming since January 2025, while the weekly MACD is crossing bullish. Taken together, this structure is starting to hint at a potential run developing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.