REIUSDT Forming Falling WedgeREIUSDT is showing an encouraging technical setup that could pave the way for a potential price breakout. The pair has recently formed a classic falling wedge pattern, which historically signals a bullish reversal. Backed by healthy trading volume, this setup suggests that investors are positioning themselves early for what could be a significant upside move. With an expected gain of 60% to 70%+, REIUSDT is attracting the attention of traders who look for hidden gems in the altcoin market.
The REI Network project continues to gain recognition for its focus on creating a lightweight and high-performance blockchain, appealing to developers and users who value efficiency. This growing ecosystem and its active community are contributing to increased buying interest and renewed confidence in its long-term potential. Such fundamentals, combined with supportive technical signals, make this pair a strong candidate for swing trades in the coming weeks.
Technically, traders should watch for a decisive breakout above the wedge resistance line, which could trigger rapid price action towards the projected targets. Monitoring volume spikes and daily closes will be crucial in validating the strength of this breakout. As momentum builds, REIUSDT could deliver solid gains for traders who are prepared and patient with their entries.
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REIBTC
REI Buy/Long Setup (1D)REI has hit a very significant support zone.
It is expected that the buy orders entering this symbol will be sufficient to create a bullish swing wave.
As long as the demand zone holds, the price can move toward the targets.
targets: 0.02482 _ 0.02948 _ 0.03402
A daily candle closing below the invalidation level would invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
REI Network Trades Above EMA100 (88.8% Target)REI Network (REIBTC) trades above EMA100 for the first time in over a month, showing upside potential.
Notice the 23-June and 7-July candles... High volume with a very strong RSI.
We also have the "same pattern" and that is a low 12-May followed by a higher low and then a strong bullish breakout.
Keep in mind that the big capitalization altcoins are doing low followed by lower low but the end result is still the same.
After the mid-June lower/higher low comes a bullish breakout...
Just like TVK and LOOM we saw just now (see Related ideas below) as well as dozens of other pair in the small cap. size block.
Namaste.