Can Rise rise to new highs?!
Updated
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 !
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 !
Note
Good thing we had a tradingplan, so no harm done :)In fact tradinplang is still valid, should we find support here.. below drawn support line is very speculative atm!!
Note
As warned above support was (too) speculative.. in the mean time we HAVE found support.. it is not rising but horizontal, see below. I will now only update if the original tradingplan gets triggered.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.