RLC falling wedge
Updated
#RLC/USDT
RRLC is inside a falling wedge pattern, above the lower line, and below the resistance zone.
🐮 break out from current resistance zone will increase price toward upper line of wedge, and if successful to break it out, it will continue the upward move to prices above $1.7.
🐻🐮 rejection from current resistance can drop price to lower line of wedge which is the same with support zone, and after that maybe attempt to break out this pattern.
🐻 but if price going to break down from lower line of wedge this analysis will be invalid and price can fall to $0.8
RRLC is inside a falling wedge pattern, above the lower line, and below the resistance zone.
🐮 break out from current resistance zone will increase price toward upper line of wedge, and if successful to break it out, it will continue the upward move to prices above $1.7.
🐻🐮 rejection from current resistance can drop price to lower line of wedge which is the same with support zone, and after that maybe attempt to break out this pattern.
🐻 but if price going to break down from lower line of wedge this analysis will be invalid and price can fall to $0.8
Comment
RLC hold the support zone and broke out from falling wedge pattern.wait for pullback and enjoy the possible rally
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