RPLUSD Major break-out of Channel Up needs now the candle close

9 Feb 2023

Rocket Pool (RPLUSD) broke today above the Channel Up pattern it has been trading in since July 2022. That has happened another two times in that period but both 1D candles managed to close back inside the Channel Up.

As a result, if today's candle closes above it, we will translate it as a major buy signal, targeting the 80.000 All Time High. This is supported already by a 1D Golden Cross but more importantly by the 1D MACD which contrary to the previous Highs, it made a Bullish Cross straight after the Bearish Cross of its top.


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