We have been covering this since the start of the year, when the price was below $16 and still in its descending wedge, since the break out in Feb, the share price has been moving well but also consolidating under $30 but in spite of it being a 3 X leveraged China Bull ETF, it has not given us any concerns
Price is still above its 50 and 200 Day MA and above it's 0.618 Fib now too.
Consolidating should not concern anyone