đź’ŽOver the past three months, #RIFUSDT has been consolidating within a wedge pattern, indicating a period of indecision in the market. To confirm the direction of the trend, price needs to break out above or below the boundaries of the wedge.
đź’ŽRecent price action in #RIFUSDT has shown a bounce off the uptrend trendline and a rejection of the 200 Exponential Moving Average, signaling bullish momentum. This makes #RIFUSDT an intriguing asset to monitor, as bullish traders are keeping a close eye on it.
đź’ŽThere is a high probability that prices will continue to trend upwards from here, potentially testing the recent high. However, if #RIFUSDT manages to break above the wedge pattern, it could lead to even more exciting developments.
đź’ŽOn the other hand, a break and close below the wedge would invalidate the bullish scenario and suggest a bearish phase. It's important to closely monitor price action to determine the next major move in #RIFUSDT.
đź’ŽRecent price action in #RIFUSDT has shown a bounce off the uptrend trendline and a rejection of the 200 Exponential Moving Average, signaling bullish momentum. This makes #RIFUSDT an intriguing asset to monitor, as bullish traders are keeping a close eye on it.
đź’ŽThere is a high probability that prices will continue to trend upwards from here, potentially testing the recent high. However, if #RIFUSDT manages to break above the wedge pattern, it could lead to even more exciting developments.
đź’ŽOn the other hand, a break and close below the wedge would invalidate the bullish scenario and suggest a bearish phase. It's important to closely monitor price action to determine the next major move in #RIFUSDT.
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Want to trade like a PRO without the 15+ year learning curve?
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.