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REI

Will REI Network (#REI) Hold Its Ground or Take a Plunge?Yello, Paradisers! Have you been keeping an eye on REINetwork (#REI)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details. 💎#REIUSDT has been trading within a falling wedge pattern on the 1D timeframe. We've previously observed a failed breakout, which reinforces a bearish bias. Currently, #REINetwork is retesting the falling wedge's lower support level, and there is a possibility that it might drop further. 💎The diminishing trading volume and the POC of VRVP acting as resistance increase the chances of a further drop. If #REI fails to hold the support at the falling wedge's lower boundary, it's likely to retest the Bullish Order Block (OB) around $0.447. 💎However, if AMEX:REI fails to hold at $0.447, the next support level to watch is at $0.325. This area is packed with liquidity and can create a good chance of a pullback if tested. 💎On the contrary, if the falling wedge's lower support level holds well, we could see the bulls taking control, leading to a bullish rally. The overall market sentiment and Bitcoin's movement will significantly influence #REI's price action, so keep a close eye on these factors. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Simon
New exit pumpWith most delistings, we have already observed the exit of the pump up to a significant overshoot of the level at which the news about delisting was released. Today I filled positions on the exit pump for drep and pnt. A pump is possible on the reversal of the current weekly candle, which will turn into a pullback on the monthly candle. In a less optimistic scenario, the rollback attempt will already be in a new monthly candle. The likely targets are retests of 0.250-275 for drep and 0.15-75 for pnt, which can bring up to 200%+. The drep team announced the burning of a significant part of the tokens, which is an additional reason for the pump.
PLong
by Strateg_
3
REI Network Trades Above EMA100 (88.8% Target)REI Network (REIBTC) trades above EMA100 for the first time in over a month, showing upside potential. Notice the 23-June and 7-July candles... High volume with a very strong RSI. We also have the "same pattern" and that is a low 12-May followed by a higher low and then a strong bullish breakout. Keep in mind that the big capitalization altcoins are doing low followed by lower low but the end result is still the same. After the mid-June lower/higher low comes a bullish breakout... Just like TVK and LOOM we saw just now (see Related ideas below) as well as dozens of other pair in the small cap. size block. Namaste.
Long
by AlanSantana
1
REI - Ring Energy, Inc - Looking to do Moonshots very soonTA on REI. This ticker is primed for massive upwards price movement. This is based off just the TA alone, and nothing else. It's respecting MAs as support and resistance. It also just hit it's reversal in November '20, from a long multi-year downtrend. It recently rejected at a historical resistance point and curling up to retest again. RSI is showing bullish sentiment, which is confirmed through price movement on the Daily and Weekly timeframes. I personally will be looking to play December call options on this one, to maximize return. I'm neither an investment or financial advisor, but this is how I'm going to approach this one. I hope to see some good returns for you all on this one. Happy Trading.
AMEX:REILong
by ReadyFor401k
3
$BTC daily exhaustion point$BTC is showing signs of weakness today: - Rising wedge breakdown - RSI Oscillator divergence - REI Oscillator Weakness - Sequential 13 Exhaustion point Positive signs: Elliott Wave indicator is showing we are likely in a Wave 4 Consolidation before another leg up. The first area of support is between 10.600 and 11.000USD which is the most likely one for a Wave 4. It could also coincide with a RSI pullback to the 40-50% zone helping the indicator to cool down. A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative. A Daily Close below 9.200 USD would mean a Bearish scenario. Best! MATHR3E
BITSTAMP:BTCUSD
by MATHR3E