$VELVET IS SHOWING STRUCTURAL DIVERGENCE ON THE DAILY 🔥
The daily chart of $VELVET is printing a clear bullish divergence on the RSI while price holds above the recent low. Volume has been declining on selloffs, suggesting weakening selling pressure. This is the same pattern that preceded the last 40% move in this market.
Are you watching for a break of structure to the upside or waiting for more confirmation?
Not financial advice. Always manage your risk.
#VELVET #Crypto #Altcoins #TechnicalAnalysis #MarketStructure
🔥
The daily chart of $VELVET is printing a clear bullish divergence on the RSI while price holds above the recent low. Volume has been declining on selloffs, suggesting weakening selling pressure. This is the same pattern that preceded the last 40% move in this market.
Are you watching for a break of structure to the upside or waiting for more confirmation?
Not financial advice. Always manage your risk.
#VELVET #Crypto #Altcoins #TechnicalAnalysis #MarketStructure
🔥