Rocket 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...
Last week RPL respected its weekly support and now is above monthly support.
Who ever got the entry near the support line will be having nice greens by now.
If it can stay above the monthly support we might see it continue its run with the Bitcoin.
Very exciting few weeks ahead.
Not financial advice.
All trades are made on current market conditions.
If you can see the spinning top reversal candle setup here on the one day.
I have noted the stop loss as well as the take profit areas for a retest of the trendline.
Also of note we developed hidden bearish divergence on stoch RSI.
As price was rising STOCH Rsi didn't register the new high...
Let's look at Rocket Pool (RPLUSD) next which has an interesting chart to me because the pattern is different to others.
First, I see strength here which is always great as we are bullish currently on this market.
Believe it or not we have a bearish moment as well but this is only when prices are either dropping or set to drop, as in late 2021 or early...
The middle line of this up channel has consistently been tested and consistently provided support
Likely that we will see a rebound upwards from here as we have come to see
Rocket 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...
