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Share $NBIS spent more than seven months drawing the cup shape...
From $140 in September,
Down to nearly $65 in January,
Then a slow rise back to the same level in April.
This kind of movement does not mean volatility,
But rather confidence gathering before the explosion.
When the share broke the $140 barrier,
It did not stop at this line.
It surpassed the first Fibonacci extension at $186,
Then the second at $259,
Until it reached $285 today.
The next target stands at $332,
Which is the third extension still out of reach at this moment...
The result over the year:
A 218% increase.
The story here is not in the last candle
But in the patience that preceded it.
Every long-term price rule hides behind it a collective market decision
Made silently before appearing on the chart.
The question worth pondering...
Does this rise derive its strength from actual results
Or from momentum that no longer cares about fair value?
$XAUUSD $HK50 $TW88