Ravich000

RBC Rubic Long

לונג
UNISWAP:RBCWETH   None
Interesting project with a lot of potential. I'm personally slightly worried about meme culture surrounding this crypto and how the team seems to endorse it a little too much but some would consider this a plus. Either way graph implies enormous upside potential. Bullish continuation pattern, falling wedge on RSI and Bullish Divergence, price holding and respecting newly manufactured support/resistance iceline from early January. Targets identified by measured move of the structure and Fibonacci Retracement levels. Consolidation could last a bit longer (the longer the better for potential breakout), drop below $0.20 could invalidate the structure. Disclaimer: not much data on the chart and since we are looking at WETH pair it needs to be taken with a grain of salt (that being said USD graph looks nearly identical); This crypto can end up being very news-driven during early stages of development so if you plan on opening a position please keep that in mind and try to follow developer's updates - this one definitively requires some research and due diligence before jumping in!
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