RPLUSDT trade ideas
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, the atlas upgrade, what's next?First, I have explained the reason for the current price decline after the upgrade.
Assume that the minor correction is now complete.
Based on the graph
there is a high probability that the price will drop back down to 44-45.
Please also be aware of liquidity behavior.
Have a good day!
$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
$RPL #RPLUSDT #RocketPool #LP #DeFi #Eth2
Risk/Reward= 1:1.2 | 1:2.0 | 1:3.0
Expected Profit= +48.0% | +80.1% | +120.2%
Possible Loss= -40.1%
Estimated Gaintime= 2 weeks
rocketpool.net
The bulls have shown interest The chart looks technically great.
Trade moving properly above its moving average and volume increasing drastically
Rsi is on the positive
Macd is on the positive
Advance decline line moving about in concurrence with btc as the main trading signal.
We can get a better push on the upside and see a ride towards the 100$ region soon
Tight stop loss is to be used .
#SweetestBoy
#LasolexVentures