RPL | Waiting to Reclaim PivotRPL appears to be at a critical juncture on the weekly timeframe, having recently broken below its long-term descending trendline. The price is currently consolidating near the pivot level, which represents a key technical inflection point.
Current Setup:
Price trading below descending trendline
$RPL 4H AnalysisGETTEX:RPL 4H Analysis 🔥
RPL is currently trading at the lower boundary of a parallel ascending channel, which has acted as strong support multiple times in the past. The price action shows a clear higher high, higher low structure, indicating an ongoing uptrend.
Currently, the price is hovering a
840% Rocket Pool—500% Potential Profits @$30 Conservative TargetI found a good chart setup. Rocket Pool peaked its initial bullish breakout 11-May and has been sideways for the past few weeks. The chart is showing that the retrace is over/complete.
The initial breakout, between 7-April and 11-May, produced a total of ~135% growth. This happened in a little over
Backtesting RPL Signal on Spot Trading by Rainbow MG3🔹 RPL is one of the signals generated from a TradingView watchlist, which sends alerts to Telegram.
🔹 After receiving the alerts, I used historical data to validate the indicator’s performance.
📈 Backtest Setup
✅ Pair: RPLUSDT (Spot)
✅ Timeframe 1: M15 (Entry)
✅ Timeframe 2: D1
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.