Trade setup : Trends are improving but price has failed to stay above $25.50 resistance and 200-day MA (~$27), which it needs to signal resumption of uptrend with +20% upside potential to $33. We wait for price to regain those key levels. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least...
#RPL We have a descending channel pattern on the 12-hour frame, the price is moving within it and adhering to its borders well. We have a support area in green at a price of 18.00 after the price touched it and rebounded from it. We have a trend to stabilize above the moving average of 100. We have an upward trend on the RSI indicator that supports the price...
Trade setup : Bullish breakout above $25.50 resistance and back above 200-day MA (~$27) could signal resumption of uptrend with +20% upside potential to $33 next. Stop Loss (SL) at $23. Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume...
The chart here shows that the price has been in a downtrend from May 2023 to around March 2024. There was a consolidation phase afterward, followed by a recent attempt to reverse the trend from the support zone. Support Zone : Between approximately 16.00 and 18.00 USDT . This is a significant support area where buying interest has been strong enough to prevent...
💎Paradisers, direct your attention to RPLUSDT as it showcases a compelling trajectory within the demand zone, suggesting a heightened likelihood of an upward trend. 💎 Historically, RPL has demonstrated its prowess by breaking free from a descending channel, propelling itself upwards. Even after facing resistance, it's evident that the momentum is being...
Volatility and trading volumes are at low levels. Price and RSI chart formed a convergence (30m TF) I believe that the asset will bounce off the support again.
The RSI chart is moving in the oversold zone on the 4H TF. The RSI and price movement has formed a bullish divergence on the 1H Timeframe. I believe the asset can rise if it holds the current support.
Rocket Pool (RPLUSD) broke today above the Channel Up pattern it has been trading in since July 2022. That has happened another two times in that period but both 1D candles managed to close back inside the Channel Up. As a result, if today's candle closes above it, we will translate it as a major buy signal, targeting the 80.000 All Time High. This is supported...