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$RIO @realio_network - LONG TERM BULLISH OUTLOOK
Today I will share with you a potential scenario I see playing out over the next months (including where a Bull Run top might occur for $RIO)
Let's dive into it👇
A breakout to the upside out of the white channel is only just a matter of time...⏳
That's when I'm expecting $RIO to pick up huge bullish momentum again!🔥
Is the bottom for $RIO now finally in?
Well, there's a good chance that the bottom has been put in already as we bounced right off the bottom of the long term green parallel rising channel.
What I'd like to see now is $RIO putting in higher lows and higher highs from here and eventually breaking out of the white downtrending channel to the upside.
That's when we'll have more confirmation that we can expect a nice bullish phase for $RIO (similar to how the past 2 breakouts have played out).
If this bullish phase then brings us up to the top of the green rising channel, I'll likely be exiting my positions.
Depending on when this happens, we could see around a $10-30 $RIO.
It's extremely interesting to observe how past big pumps for $RIO were VERY similar in size and the timeframes for the pumps were nearly identical as well.
From October 2022 to April 2023, $RIO pumped around 2900%.
And from October 2023 to March 2024 $RIO also pumped around 2900%.
If we now assume that the bottom has been put in here already a few days ago and we pump once again 2900% from the lows, it would put $RIO at around $20.
It would generally speaking align with the top of the rising green channel.
Keep in mind all this is obviously speculative.
But I'm still truly fascinated by how this would actually all line up so well.
That's why I wanted to share it with you.
How do you see the next months playing out for $RIO?
Let me know in the comments!👇
And follow these accounts for more $RIO alpha:
@CryptoReviewing@phoenix_cr47@coinesper@Paul250889@YorichiiCrypto@mikroweller@ElCryptoDoc@ourcryptotalk
@CryptoMocro_
@MarxMeterian@crypto_ideology@BraverCrypto@CryptoNaija042@JumperWave@MarkCrypto8@MarcoPoloMaps@MrMoonBags@Pocket_Analyst@Oculus_Crypto@altcoinist@ja1405_ja