Rocket Pool / RPL analysis The price of RPL is $52 today with a 24hour trading volume of 80 million dollars. This represents a 6% price increase in the last 24 hours and a 100% price increase in the past 30 days and well yes 555000% since 4 years ago! Just think about it for a moment...thanks to eth Shanghai upgrade
Rocket Pool is a decentralized Ethereum staking pool offering up to 4% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards. Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of rebasing their staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes socialized across the network, users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.
now lets look at the chart
Rpl pumped almost 70% since binance listing and the price moves in a rising channel and even broke that at 49 which make it even more bullish,next targets are 53,55, 57 and 59 don't forget stop-loss too
Armstrong has heard rumors that the U.S. Securities and Exchange Commission is planning to entirely ban crypto staking for retail investors. what do you think?
Rocketpool
RPL: Approaching ResistanceTrade 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 temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $20.00, then $18.00. Nearest Resistance Zone is $25.50, then $33.50.
RPL: Resistance BreakoutTrade 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 it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $20.00, then $18.00. Nearest Resistance Zone is $33.50, then $39.00.
RPLUSDT(RocketPool) Daily tf Range Updated till 15-06-24RPLUSDT(RocketPool) Daily timeframe range. another high risk and reward Price action. so have to trade carefully. now its trying to stay above 24.08. if it fails their it will head back to 18.52. all it require here now is retail interest for a push.
RPL back to Demand ZoneRocket Pool is one of the largest Eth liquid staking platform. Billion in total value locked, but market cap still below 1 billion.
Currently back to the weekly support and the demand zone. If we see the volume we can see huge accumulation of RPL at this zone.
We can get a good risk to reward entry at this levels. It will be very interesting to see when it breaks the current accumulation zone towards upside.
RPL/USDT Had a Good Run | 👀🚀What's Next for RPL?💎 Paradisers, turn your attention to RPLUSDT as it presents significant market activity. The asset is hinting at a possible bullish progression from a crucial support level.
💎 Recently, RocketPool encountered resistance at $33.62. If RPL can uphold its position at the important support level of $28.2, there's a good chance we might observe a continuation of its bullish trend. This optimistic scenario is further supported by RPL's robust performance above the EMA, suggesting continued upward movement from this support level.
💎 However, if RPL struggles to maintain its stance at the $28.2 support, a change in strategy may become necessary. In this event, we could be looking at a bullish push starting from a lower demand zone. A critical level to monitor is whether RPL dips below the $23.5 support, as this could indicate a transition toward a bearish trend.
💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to offering essential market insights, helping you navigate these trends and ensuring that your trading decisions are informed and strategically sound.
RPL: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Swing traders could enter on pullbacks near Channel support trendline (~$45) and exit near Channel resistance trendline (~$65). Trend traders ought to wait for a breakout from Channel. This liquid staking protocol has a steadily growing Total Value Locked (TVL), indicating user adoption, and was subject of our recent Coin Picks research report.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $45, then $30. The nearest Resistance Zone is $55, then $65.
$RPL/USDT 4h (#Bybit) Ascending wedge on resistanceRocket Pool looks overbought on Low TF and seems likely to get rejected on local top then retrace down to 100EMA support.
⚡️⚡️ #RPL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (6.4X)
Amount: 5.0%
Current Price:
47.770
Entry Zone:
48.150 - 49.760
Take-Profit Targets:
1) 45.285
2) 42.830
3) 39.760
Stop Targets:
1) 52.025
Published By: @Zblaba
$RPL #RPLUSDT #RocketPool #LP #DeFi #Eth2
Risk/Reward= 1:1.2 | 1:2.0 | 1:3.0
Expected Profit= +48.0% | +80.1% | +120.2%
Possible Loss= -40.1%
Estimated Gaintime= 2 weeks
rocketpool.net
RPLUSD Major break-out of Channel Up needs now the candle closeRocket 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 already by a 1D Golden Cross but more importantly by the 1D MACD which contrary to the previous Highs, it made a Bullish Cross straight after the Bearish Cross of its top.
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Bullish RPL The chart above shows the 1Day chart of Rocket Pool 200-day and 50-day Moving Average (MA). RPL is on a bullish trend, as indicated in the recent uptrend.
Also, since the gap between the moving averages is small and within the recently formed candlesticks, the price of Rocket Pool (RPL) might experience a big rise or fall in the future.
From the chart above, we can observe that Rocket Pool (RPL) has been up to its listing price. Moreover, it seems like RPL is going rangebound when you look at the 1-day Chart. If RPL is able to break its weak high formed at $50.3511, we can expect RPL to trade above $80.
However, another possible scenario is that if RPL cannot break its weak high, RPL can reach back to its previous order block at $20.5403 and $19.3841, which is a downward stance.