RIF waters aheadHey guys,
Pardon the terrible pun, but it looks like RIF is about to test a big resistance level coinciding with the 200ma 50ma and 100ma respectively.
However, the macd has signaled a trend change and the lines seem to be expanding.
To be more candid with this coin, it’s a direct competitor to Ethereum, birthed from within Eth team, it uses the same programming language as Ethereum, but it uses Bitcoin’s pow security. It’s supported by multiple pools with the merge mining pow protocol on Bitcoin where miners get 80% of fees on the platform at zero cost to them.
And this price action is just awful. Looks like it’s being suppressed.
Cheers
