$RIF Got out of the "fear" mode. Most people underestimate social analysis, and this is one of my favorite indicators, because that's why I developed an interpretation of it that also works with altcoins.
As for the technical picture, a long-term wedge that has broken through is also clearly visible here, and the target of the wedge in #RIF coincide with the orange zone
The RSK Infrastructure Framework (RIFUSD) is trading on a Triangle pattern within a long-term Channel Up. The strong Support is the 1D MA100 (green trend-line), holding since mid January. A 1D candle closing above the top of the Triangle would be a bullish signal, targeting the 0.30900 Resistance (November 10 2021 High). Similarly a closing below the Triangle...
RIFUSD can be seen to be within a rising wedge
I believe this will break out to the upside, forming a kind of W formation on the side (if you can turn your head a bit)
Rising Wedges are normally considered a Bearish Pattern, however, I have been seeing them breaking out to the upside lately, this is a possible example.
RSK Infrastructure Framework token (RIF) is on the move with clean breakout from last ressistance zone at 0.35$.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.
Breakout from ascending triangle is usualy very powerful, it has more upside potential.
