Forwarded from Power VIP-Signals (ABKK 🦴)
✅ $RIO #Technical #Educative
🛠Clean ascending trend channel being built by #RIOUSDT, with 3 touches in lower channel (support) & 2 touches in upper channel (resistance). At least 3 each are needed to validate an uptrend/downtrend channel
🛠At the bottom, we can see the Bollinger Bands extremely Squeezing around the price structure. A squeeze where the bands converge into a narrow neck often precedes a rapid rise in volatility
🛠Here, this squeeze completely surprised traders with a Perfect Trend Reversal, without any re-test on the bottom and rising $RIO price by +77% over 8-day
Last but not least, Nice price structure progressing with a series of impulse waves to reach high prices, following by a pullback (or retracement) to retest the last resistance broken (to turn it into a new support), then rebounding from there with another impulse wave for breaking out the last high price, before reaching a new higher price
#RealioNetwork #RWAs #RealEstate #SaaS #Algorand
🛠Clean ascending trend channel being built by #RIOUSDT, with 3 touches in lower channel (support) & 2 touches in upper channel (resistance). At least 3 each are needed to validate an uptrend/downtrend channel
🛠At the bottom, we can see the Bollinger Bands extremely Squeezing around the price structure. A squeeze where the bands converge into a narrow neck often precedes a rapid rise in volatility
🛠Here, this squeeze completely surprised traders with a Perfect Trend Reversal, without any re-test on the bottom and rising $RIO price by +77% over 8-day
Last but not least, Nice price structure progressing with a series of impulse waves to reach high prices, following by a pullback (or retracement) to retest the last resistance broken (to turn it into a new support), then rebounding from there with another impulse wave for breaking out the last high price, before reaching a new higher price
#RealioNetwork #RWAs #RealEstate #SaaS #Algorand