Invezz

Should you buy the dip in Stacks or Revain?

Should you buy the dip in Stacks or Revain?
Ansh Rathod
Oct 29, 2021, 06:51 AM
  • Stacks is at a crucial demand zone at $1.72 and is also showings signs of a bullish reversal.
  • 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 has made a bearish inverted hammer on Friday and is not looking strong enough for a breakout.

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-

Revain-

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.