It is not an investment recommendation, just a humble idea from a potential crypto enthusiast.
RIO has fully complied with the 1st Elliot Wave (bullish). Now, he appears to have effectively begun the necessary (and healthy) correction of the first movement. In this graph, 2 important key support zones are denoted.
In turn, the price was based on a perfect bullish trend line, which is breaking. With this, it confirms the bearish movement of the asset.
RIO is a potential asset for the bull market. A gem.
Potential buy zones are:
Zone 1: $0.095 - $0.105
Zone 2: $0.05 - $0.06
RIO has fully complied with the 1st Elliot Wave (bullish). Now, he appears to have effectively begun the necessary (and healthy) correction of the first movement. In this graph, 2 important key support zones are denoted.
In turn, the price was based on a perfect bullish trend line, which is breaking. With this, it confirms the bearish movement of the asset.
RIO is a potential asset for the bull market. A gem.
Potential buy zones are:
Zone 1: $0.095 - $0.105
Zone 2: $0.05 - $0.06
Comment:
Congratulations to those who were able to buy in the average of $0.1091 - $0.115. Those are some super prices.
At the moment, the token is at $0.145 (almost 30% gain since the average).
For now, everything is being followed to the letter. As indicated, the corrective wave B should come to reach max $0.22 (this should happen, for the pattern to work).
Then, on the next bearish impulse C, it would reach the new zone 2:
0,07$ - 0,08$
However, I say new as long as, the current support of 0.10 is broken. In such a case that no, the final floor would be $ 0.10 but I see a probable final fall at those prices.
Remember, what I see doesn't mean it's going to happen. They also analyze and make their decisions appropriately. The idea is to be profitable in this bull market, and look for realistic Xs.
At the moment, the token is at $0.145 (almost 30% gain since the average).
For now, everything is being followed to the letter. As indicated, the corrective wave B should come to reach max $0.22 (this should happen, for the pattern to work).
Then, on the next bearish impulse C, it would reach the new zone 2:
0,07$ - 0,08$
However, I say new as long as, the current support of 0.10 is broken. In such a case that no, the final floor would be $ 0.10 but I see a probable final fall at those prices.
Remember, what I see doesn't mean it's going to happen. They also analyze and make their decisions appropriately. The idea is to be profitable in this bull market, and look for realistic Xs.
Comment:
I know that you may have in mind, the most important question if I buy at those prices, at what price can I sell in the bull market?
Everything depends and there is no certainty that it will reach some intended price. But, it's better to have a plan before you end up selling late.
I share my plan with you: I think RIO can reach the 1B of marketcap in the bull market.
Many people talk about RIO minimo at $30, $50, $100, etc.
But, everything will be known in due course.
I have my RIO goals at $8, $12 and $15. At most it could reach 20$. The RWA narrative will help you to climb a lot.
Everything depends and there is no certainty that it will reach some intended price. But, it's better to have a plan before you end up selling late.
I share my plan with you: I think RIO can reach the 1B of marketcap in the bull market.
Many people talk about RIO minimo at $30, $50, $100, etc.
But, everything will be known in due course.
I have my RIO goals at $8, $12 and $15. At most it could reach 20$. The RWA narrative will help you to climb a lot.
I'm still watching this...