REI Buy/Long Setup (1D)REI has hit a very significant support zone.
It is expected that the buy orders entering this symbol will be sufficient to create a bullish swing wave.
As long as the demand zone holds, the price can move toward the targets.
targets: 0.02482 _ 0.02948 _ 0.03402
A daily candle closing below the invalidation level would invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
REIBTC
REI Network Trades Above EMA100 (88.8% Target)REI Network (REIBTC) trades above EMA100 for the first time in over a month, showing upside potential.
Notice the 23-June and 7-July candles... High volume with a very strong RSI.
We also have the "same pattern" and that is a low 12-May followed by a higher low and then a strong bullish breakout.
Keep in mind that the big capitalization altcoins are doing low followed by lower low but the end result is still the same.
After the mid-June lower/higher low comes a bullish breakout...
Just like TVK and LOOM we saw just now (see Related ideas below) as well as dozens of other pair in the small cap. size block.
Namaste.