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RISE

Can Rise rise to new highs?!Rise is another blockchain platform coin, which has an interesting proposition for its coin hodlers :) For every project that the Rise dev-team assists, coinholders receive 20% of the new projects coins. Currently they say to have 4 projects lined up, of which two are openly announced (interlet an Airbnb competitor and Chipz an online casino). From a technical perspective we have broken a falling resistance line and shifted to a more horizontal modus. Also notice the RSI that has broken upward out of a descending triangle. Also RSI has given us flat bottems when price bottems were still dropping, so we also have some form of bullish divergence! Trade plan: wait for Rise to overcome horizontal resistance around 0.000091, then buckle up and enjoy the ride :) This coin is barely in the top 100 market cap, so plenty potential !
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by yuri72
Rise is still in downtrend, has 2 strong FIB supports below itRISE isnt a coin I got in unfortunately at the 4k mark when I heard about it but one i definitely will add as medium-long term hold when the price is right. Its currently in a downtrend since hitting a top around 16k in its current trend and is down to almost half that. It doesnt show any short term bullish signs of breaking that downtrend but does have strong support lines at around 7800 and 5700 at around the FIBS. I think it might hit the first 7800 FIB but dont think itll break, if it does then low 6000s are definitely possible. This is the 4th elliot wave so it is a expected downturn but I would definitely wait for a break in the downtrend line before I buy and/or put some buy orders around the fib lines. OBV is showing steady volume so that means people are buying it, indicating the first sign of a bullish reversal would be that it starts trading sideways and the bleeding stops. Short term - bearish Long term - very bullish hold
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by UnknownUnicorn1390419
RISE Price MovementsRISE was a great buy for myself at around 0.00007, and I'm looking to reenter again after selling some profits near the top. After its recent run up, RISE's price has retraced back to the 0.000088 level. Currently it's looking like it's in the final wave of a 5 wave elliot wave cycle. If this is correct, I can see it bouncing off the following areas for the listed reasons ~0.000064: Based on basic elliot wave theory/fib retracement, this would be a key spot for it to bounce from. This is supported by a support area based off of 3 points which are; a couple of failed breakouts on September 3, a bounce on the 10th, and a failed breakout and bounce on the 15th. For me this is the most likely outcome ~0.000053: Same reasoning as before, a common bounce area based on elliot wave/fib retracement. Was also the approximate area where the two failed breakouts previously mentioned bounced ~0.000043: In my opinion the least likely outcome. This is based on the previous major successfully breakout
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by blakeren
RISE Future MovementsRise has started to create a nice little flag pattern for itself, and if we look back at the price history, we can see that it likes to drag out these flag patterns (around a week or so). In saying this, I believe that there could be a possible two likely scenarios in play. The first, is a continuation of that history, and we see the price move in this descending channel until the price hits support, lining up with the 0.5 Fib retracement level. This could potentially cause it to drastically bounce, looking to hit the hidden resistance in line with the ATH. The second scenario, is where we see a more true flag pattern play out, and the price moves upwards as much as the previous movement. For this to occur in line with the hidden resistance, it would break around this time tomorrow. We would then potentially see a retracement and a new flag pattern emerge, causing the price to go up in a staircase like pattern. I'm currently holding some RISE, but will look to buy some more if it either, breaks upwards from this flag, or bounces from support
RLong
by blakeren
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