RLCBTC - Break-out moment of truth (>+100% potential)On @Alexander_AG 's request, quick post about RLCBTC:
--> Classic triangle formation. Up or out. Bulls are in favour here. We are in a downward trend channel, close to be broken.
--> Bullish cross in the MACD
--> You can see what happened at previous bullish crosses (very positive signals) and at death crosses.
--> Bullish "SMI" typically a little bit before the break-out.
--> Note that this is a stock with considerable pumping & dumping, likely due to the low market cap (see the outliers, there are a lot :-) )
-->CCI oversold, trend upward (bullish)
--> Divergence in Cumulative volume index versus price (bullish here)
Seems like a trade with the bulls in favour of your odds. Definitely 100%+ potential if break-out upwards, given history of this crypto. Trade wisely, use stop losses if necessary.
Feel free to follow on twitter (see bio)
DYOR – this is not investment advice :-)
