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 a month.
The retrace ended as a clear-classic higher low and trading volume has been very high leaning towards the bullish side. This is a strong giveaway signal.
Market conditions are bullish for this pair. A continuation can happen anytime.
One thing though, there can be lower prices. Say a little more retrace and drop above the 6-May low at $3.85. There can be another drop if there isn't enough momentum to move higher and the higher low ends at $3.90. This is something that we have to wait and see. Both scenarios are high probability; straight up next week, or more consolidation before additional growth. Both scenarios are bullish on all timeframes. Regardless of the short-term, Rocket Pool (RPLUSDT) is set to grow.
A very nice target here goes for 840%. This is a strong target but also easy to achieve later this year. Another target, strong but more conservative, is found around $30 for a 500% potential profits.
Thank you for reading.
Namaste.
