RON BullishRon looks great, starting to head to the upside. It's time to remove the squares and mark profit targets. Drop below what you would sell RON at.
RONUSD trade ideas
RONINClose above 2$ mark will probably lead to price rally in the following weeks. Solid project that has been through the bear market and looks healthy asf , but obviously DYOR
RoninSimilar to a few other projects, Ronin's chart shows a break of trend (yellow line) and has put in a Higher High (HH). Hopefully we get a chance to put in a good long if there is a retest of support at 1.45 or the 50 day SMA at 1.50.
Invalidation would mean not getting a Higher Low (1.30), or you could be safer with a SL below the 11 month low of 1.20. This coincided with the 782 retracement Fib as shown. Since then it has consolidated sideways for a few months and may have coiled enough to reach new highs.
The obvious first target would be the 200 day SMA and the 3 month high - both around 1.94, but I'm going with low leverage, so can / need / want to be a bit greedy.
TP1 planned to be at major level of support at 2.38 which flipped into resistance and capped the July surge. TP2 is 3.20 which is the 618 return FIB (or even 3.50 if there is momentum).
TP3 assumes gaming is trending strongly and unlocks don't oversupply the market, and is an ambitious 6.45 (the 1.618 Fib for lack of trade history as the ATH is 4.50, and this is a young project).
Happy to hear alternate points of view...
RONUSD Pull-back expected.Ronin (RONUSD) hit the top (Higher Highs trend-line) of the 1-year Channel Up. This is the 2nd Bullish Leg of the pattern and is technically expected to peak at +635%, same as the April 10 2023 Higher High. We expect at least a -47.27% decline towards the 1D MA100 (red trend-line), targeting 1.5000.
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Possible Break Out RONThere is a Trading Signal to Buy in RON
There is also 3 ways this could go, Chart speaks on what to Do whether position Long or Short.
And also you can DYOR. Like is so much appreciated
RONPERPSo here in my chart we can see its bullish because you can see the Orderblock we use is 4hours timeframe and we're going to retest 4.3965 level, we didn't hit that yet even the candle so lets see how this will playout :))
