RIO looks bullishFrom where we placed the green arrow on the chart, it seems that the RIO correction is over and the price has entered the bullish phase.
It seems that we are in a bullish ABC, that wave A is over and now we are at the end of wave B.
From the green range, the price can reject upwards again to complete wave C.
The targets are clear on the chart.
The distance between entry range and invalidation level is high, so manage risk.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Riousd
RIO Long setupThis is the setup i am waiting for RIO. I think it could retrace a little bit reaching the support zone at $2.00/$2.03. Actually the price is trying to break out from short term trendline, and a small retest it's possible. I placed my long limit order at first support zone, if it will fail to hold the next support zone is around $1.65. Main target $3.00
RIOUSDT likely to pullback to daily support around 1.39 Here are the support levels for this coin. This one has been moving vehemently in the last few weeks. But I think now there is a time of some pullback. In case there is a major pullback, I have marked various support levels of different degrees on the chart. I think the first major support is the daily support around 1.39 where it can have a good bounce. There will be some bounce from 4h support 4HS1 as well but not sure if that will continue and take the price again beyond the recent high. Anyways, this one is too hyped right now and everyone is talking about so until unless it has a good pullback, its dangerous to touch this one. Remember in the end most of these coins have nothing substantial in the background and they are just bloating on the hype.