RODOWETH - the biggest crypto gem in Uniswap is still going mad
When it comes to ICO trading, there are four super important zones of support and resistance:
1. The opening price: RODO team provided very stable liquidity for granting the price of 0.006 ETH per RODO. This event was valuated from the traders and the price auction take this level as a floor price
2. The closing price: The first trading day was good for the RODO price and ended 1.3% higher than the opening. The closing price is verry important for the new price auctions, because it forms verry strong support/resistance level. We can see that the investors test the closing price in the second day of price auction and push the market higher to test the next important resistance.
3.The highest price for the first day of the price auction: This was the most important level for RODO, because there was big seller at this level who formed the most dangerous zone for the price auction and the biggest resistance level. After few days of stable and slowly growing, the RODO investors blew up this level and makes it the biggest support. This event confirmed that the investors are positive for the price, and they want the process of price discovery to be continued with higher prices.
Expectations:
Our expectations for the next few weeks are the psychological price levels 0.0065, and 0,007 ETH for RODO
We will be verry careful at these levels, because if there are huge interests and if the investors are pushing the price higher, the price auction might search 0.01 ETH for RODO
1. The opening price: RODO team provided very stable liquidity for granting the price of 0.006 ETH per RODO. This event was valuated from the traders and the price auction take this level as a floor price
2. The closing price: The first trading day was good for the RODO price and ended 1.3% higher than the opening. The closing price is verry important for the new price auctions, because it forms verry strong support/resistance level. We can see that the investors test the closing price in the second day of price auction and push the market higher to test the next important resistance.
3.The highest price for the first day of the price auction: This was the most important level for RODO, because there was big seller at this level who formed the most dangerous zone for the price auction and the biggest resistance level. After few days of stable and slowly growing, the RODO investors blew up this level and makes it the biggest support. This event confirmed that the investors are positive for the price, and they want the process of price discovery to be continued with higher prices.
Expectations:
Our expectations for the next few weeks are the psychological price levels 0.0065, and 0,007 ETH for RODO
We will be verry careful at these levels, because if there are huge interests and if the investors are pushing the price higher, the price auction might search 0.01 ETH for RODO
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