Should you buy the dip in Stacks or Revain?

Stacks (STX/USD) and Revain (REV/USD) have fallen over 15% in the past week, and after a small correction they could start rallying again, however which coin is looking stronger for the coming weeks?

What the charts are indicating-

Stacks-

• After falling over 30% from its new all-time high set a week ago, Stacks is showing signs of a reversal.
• Stacks is at a crucial demand zone at $1.72 and is also showings signs of a bullish reversal.
• Stacks also has the 50 day moving average supporting it at the demand zone at $1.72.
• A hammer has also been formed a bullish hammer at the support which is suggesting that a bullish move could be coming soon.
• $1.72 is also the 61.8% level of retracement and a reversal should be seen from this point.
• A target can be set above the all-time high and a stop loss can be set below the demand zone at $1.56.

Revain-

• Revain has fallen over 50% from it’s high set in September, and it has tried breaking out from the upper trendline however it has been continuously rejected and it also got rejected on Friday.
• The continuous rejection is showing that the buyers are still not strong enough to break out, moreover, Revain also got rejected from the 50-day moving average thus any long entries should be avoided until a breakout is seen from the trendline and the moving average.
• Revain has made a bearish inverted hammer on Friday and is not looking strong enough for a breakout.
• Revain is not looking strong as it is making huge upper wicks and is getting pushed back down whenever it tries to break out.

Conclusion

Stacks is looking stronger for the coming weeks as it is at 61.8% level and is also strong bullish candles however Revain on the other hand is making weak and bearish candles and is failing to break out from the trendline. A new all-time can be expected soon in Stacks.