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RSK

✴️ RSK Infrastructure Framework Grows 520%, New Highs DailyHere is another example of how great things are going for the Cryptocurrency market ever since the year started or even since November 2022 for some pairs. RIFUSDT (RSK Infrastructure Framework) has been hitting new highs on a daily basis, including today. The volume is ultra-high and this pair already grew by an astonishing 520% in just a little over 3 months... And this is only the beginning, the start. Again, in a bear market, you would see a sudden jump of 100% to 200% followed by an even stronger crash that leads to a lower low. Never continued new highs, daily, for months. This can only happen because the bottom is already in. A great example can be found right here on July 2022. RIFUSDT grew by more than 222% just to crash down fast and strong and hit a new All-Time Low. Now instead, we see higher and higher for months. Thanks a lot for the support. Namaste.
Long
by MasterAnanda
Strong Shakeout/StopLoss-Hunt Reveals The Bottom - RSKThis is the pattern that reveals the bottom for the Altcoins (Altcoins vs Bitcoin). We are looking at it on the RSK Infrastructure Framework (RIFBTC) chart but it is present/showing up everywhere. This pattern is what we call a "shakeout" or a stop-loss hunt move. The market breaks down strong below support just to move quickly back above it. This started happening 24-Jan. and 7 days later all loses have been recovered and instead of consolidation/sideways we will see a new uptrend form. Another detail about this pattern is the bullish divergence that always shows up long-term. If you zoomout, you can see the higher low on the MACD and the lower low on RIFBTC. Keep this pattern in mind when looking for new trading opportunities. I really hope it helps. Namaste.
Education
by MasterAnanda
1
RIF/BTC { RSK INFRASTRUCTURE FRAMEWORK } - BULLISH SETUPANALYSIS 🔎 - RIF/BTC is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00000521) - Limit entry: test of the ascending triangle's inclined support. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
RIF waters aheadHey guys, Pardon the terrible pun, but it looks like RIF is about to test a big resistance level coinciding with the 200ma 50ma and 100ma respectively. However, the macd has signaled a trend change and the lines seem to be expanding. To be more candid with this coin, it’s a direct competitor to Ethereum, birthed from within Eth team, it uses the same programming language as Ethereum, but it uses Bitcoin’s pow security. It’s supported by multiple pools with the merge mining pow protocol on Bitcoin where miners get 80% of fees on the platform at zero cost to them. And this price action is just awful. Looks like it’s being suppressed. Cheers
R
by pskex