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RIF / TetherUS

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RIFUSDT trade ideas

Newly launched RIF with a lot of growth potentialTechnical analysis regarding the price of RSK Infrastructure Framework (RIF) in relation of dollar Tether for the next scenarios, based on daily movement. The price of this newly launched crypto is already in an upward trend, right after breaking the high of January 8th, making its price gain upward momentum. I was able to trace my price projections for the next scenarios, if everything goes according to plan. This currency has an enormous potential for return and growth, because its foundation has a thesis and purpose, so, in my view, I believe that it can achieve such targets. Taking this period in which the currency has already appreciated, the Moving Averages are taking shape already pointing upwards. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Long
by luizhcruz
RIFUSDT 1H Chart:Complex Head and ShoulderHead and Shoulder with 2 left Shoulders and 2 Right Shoulders.The neckline is already broken and we had a pullback (Retest of the neckline).According to Bulkowski's book (Encyclolpedia of Chart Patterns),we should have an average drop of around 20%.I considered,that we are in bull market.But I also measured the target normally.1st is from the highest low of the Head to the neckline.2nd Target from the Highest high to the neckline.The first drop brings us to approximately the 20% drop from Bulkowski's Statistics.After the bottom is reached,we should have a rise from approximately 48% ,still according to Bulkowski.Concerning the volume,the 2nd. left shoulder has the highest,then the Head and finally the right Shoulder has the smallest volume. All the best.
by lilmoris