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REI Network Trades Above EMA100 (88.8% Target)
REI / BTC
Long
REI Network Trades Above EMA100 (88.8% Target)
By AlanSantana
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Jul 12, 2022
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Jul 12, 2022
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.
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