Iexec RLCIexec proved to be difficult to price since the high of January 2018. Holders who bought at ICO have had there patience tested.
The teams development and promising collaborations attracted more buyers which shows in a giant bullish pattern forming.
We see what we want to see in these charts, but if the 0,80$ support holds and collaborations become use cases (from February 2021 onwards), we should see a serious price appreciation next year.
Thanks for looking and stay safe!
Sven
Iexec
iExec RLC Can Do More After 425%...iExec RLC (RLCBTC) has grown by 420%+ since early May.
Incredibly enough this chart above tells us that additional growth is still possible.
Let's have a look at some of the signals coming from this chart:
RLCBTC Is growing massively and we can see higher and higher volume bars being printed each week.
We have a new peak compared to Nov. 2019.
The March 2019 peak is about to be challenged as well. We are seeing many altcoins breaking to new heights.
Prices are trading above EMA100 on the weekly timeframe.
This is the long-term chart that shows a bullish RSI and the MACD.
The MACD shows plenty of room still left available for more growth.
The blue dashed line on the chart can now be considered a strong support.
Above this level, RLCBTC can continue to grow.
Below it, we can see a retrace.
All the signals are bullish so there is no reason for a retrace to take place now.
Remember that charts are always changing... What we see today can be different tomorrow, so make sure to have a trading strategy/plan before entering any trades.
Hundreds (100s) of opportunities like this will develop in the coming weeks and months...
The altcoins market is growing as we predicted day after day, week after week, month after month.
We kept on saying... "This is only the beginning... There will be so much more".
There is still room left for so much more for the altcoins market in general and even for this pair.
But if you looking to trade for profits, it is better to look for those that are sitting low around support rather than the ones that are higher up.
Here is my previous chart for this pair shared May 9 with 320%+:
Thanks a lot for your continued support.
Namaste.
RLC IEXEC - GOOGLE, INTEL, IBM CLOUD, UBISOFT 5000%++ GAINSRLC is running the bull run first in the crypto market.
RLC will be the main decentralized cloud computing provider for the BIG tech companies.
Why? RLC helps these major TECH companies earn more ROI for unused cloud storage.
GOOGLE CLOUD will be next in the line, alongside all other cloud companies that has not been announced.
IEXEC just announced that they have joined Confidential Computing Program and have been working on the project since the alpha release.
Huge things to come soon.
July - DEFI news
SEPTEMBER- MAJOR news for mainstream adoption!
RLC is following LINK bull run from NOV 2018.
1W CHART wise, SUPER bullish,
Fundamentals wise, ULTRA bullish.
i'm holding RLC for that 5000%+ gains!
*Not financial advise, this is all my opinion.
iEXEC RLC ✅ Massive Uptrend! Horizontal Levels To Keep an Eye on💬 iExec's RLC token "runs on lots of computers" and RLCs price action just keeps running.
We are coming up to the last point of resistance for RLC's USDT chart, and logically it may be time for another pullback.
If and when we get that pullback there are some juicy support levels to look for if RLC is to make new highs (new highs could be in the cards given RLC's correlation with other alts making waves recently; see the related ideas).
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Higher Timeframe overview:
Support:
S1: The S1 S/R flip is the first level of support for RLC. This one could see a reaction on the way down or perhaps hold in a quick corrective move if the bulls are adamant about not correcting until resistance is fully breached.
S2: The S2 orderblock is the next best bet for the bulls if S1 can't hold. If S2 doesn't work as support, it should at least see a reaction as price moves past it.
S3: The S3 orderblock at the minor price pivot point could be the perfect entry for bulls looking to enter during a period of consolidation. If one is trying to enter with resting orders, it makes sense to put at least some portion of your orders here.
S4: If S4 can't hold, then our last level of interest is the S4 S/R flip. A quick retest of the prior range before moving up makes sense, so getting a fill here is optimal if RLC is to keep running.
Resistance:
R1: The R1 orderblock cluster at the All-Time High (ATH) range is the only resistance on our chart, but it is a big point of resistance. This is not only the lone resistance on our chart, but it is the last resistance on the RLC chart in general. It is very likely price struggles here.
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Summary:
If bulls can break resistance either now or after consolidation, the sky is the limit. Entering while price is going up into support doesn't make sense. Entering on a pullback to one of these levels could pay off if proper risk management is used. Otherwise playing a breakout of resistance has some logic in it as well. That said, any long-term RLC holder has to be thinking about taking profits here... there isn't another target left on the chart.
Resources:
www.newsbtc.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
iExec RLC (RLC) Long-Term Chart W/ 1330%+ Potential MappedHere we have iExec RLC (RLCBTC) moving above EMA100 and also breaking above the orange trendlines on the chart... Turning this set up into an extremely bullish one.
NOTE | If prices break and close below EMA50/100 the above signals are invalidated.
The week closes Sunday; we are looking at the weekly chart.
Other than this small detail we are extremely bullish on RLCBTC.
This is one of the many altcoins now trading above EMA100. Those that moved above this level on the weekly timeframe have been growing massively, so we can expect similar action if the same trend/pattern is followed.
Namaste.
RLC fundamentalsiExec has several upgrades coming in July and September. That should be a good reason for price to grow. Consider this trade mid/long term as below targets are for 20% to 70% profit. Worth waiting.
Right now moves within descending channel and now at the higher border of it. Either will bounce once again from 4900 support and breakout. Or pullback down to 4500 - 4000 and move sideways there till the same trendline until it breakout.
🛒 Under 4500
✊ HODL targets 6500 - 7000 - 7777
iExec RLC Perfectly Mapped, Long-Term Chart +188%We already looked at iExec RLC (RLCBTC) short-term, this chart is shared at the bottom of this post.
Now, we are looking at RLCBTC long-term, weekly (W) timeframe.
Here we have a very strong bullish chart... 100% green signals, let's get started!
First, we have a strong wave that corrected all the way down to the 0.786 Fib. retracement support... Now, prices are starting to jump.
We have prices moving above EMA10 and also EMA50 weekly. Going above EMA50 on the weekly timeframe is a very strong bullish signal.
The trading volume is going in favor of the bulls (green).
The MACD is showing a young bullish crossover.
The RSI is curving up.
Broken falling wedge pattern (the falling wedge is a bullish pattern).
Perfectly hit higher low.
All of these signals are pointing UP! ...
Remember to hit LIKE to show your support.
Namaste.
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Previous chart perfectly mapped | May 9
RLCBTC forming bullish Shark | A good long opportunityHi fox hope you are well, In my previous post the iExec RLC (RLC) formed bullish Shark on 4 hour short term chart and this trading idea produced more than 64% profit:
Now this time on 1 hour chart is forming another harmonic pattern and this time it is another bullish Shark. All legs are formed now the priceline is forming last leg.
The Pattern:
Lest’s dig the pattern deeper to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Crab pattern should be:
Buy between: 0.00006681 to 0.00006501 sats
Sell between: 0.00006855 to 0.00007228 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00006501 sats can be used as stop loss in case of complete candle stick closes below this level.
iExec RLC (Intel company going to pump it)This coin has partnerships with intel and other computer companies which are testing and developing on top of it.
It is clearly showing a strong accumulation period which will result in massive spike leading it most likely to All times highs.
Trade accordingly, be safe.
RLCUSDT formed bullish Shark | Upto 20% bullish movePrice action of iExec RLC / US Dollar has formed a bullish Shark and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between:0.6143 to 0.5860
Sell between: 0.6429 to 0.7036
Regards,
Atif Akbar (moon333)
RLC Alt-Dominance RLC/BTC RLC/USD RLC dominating the Alt-coin market and as it looks like the party just begunn.
Monthly Stoch shows strong momentum so we can expect some more month where RLC will dominate the market.
Ofc this will aslo be reflected in RLC-token price.
Have fun! Follow me if you want.
RLC back in bullish modeAfter fresh collaboration news that involves Microsoft and many more big companys daily 200 sma got tested. Right now we see a normal bounce at 200sma. However with coming V4 release in December everything indicates that 200 sma will get broken. This would lead us to a really bullish scenario that triggers all bots and that many bigger investment firms are waiting for.
V4 release will finaly allow iExec's collaboration partners like Microsoft, Intel, IBM, Alibaba, Genesis mining, Ubisoft, and many more to fully utilize the network. It also gets much more attractive for public to rent there PC, gpu's, cpu's.
RLCBTC has touched the support after a year|Upto 234% potentialThe priceline of iExec / Bitcoin Cryptocurrency is moving within a pennant and hits at pennant's support after Aug 2018.
The price action has found a strong support at 0.00003080 sats and strong resistance at 0.00012261 sats.
Now the candle sticks are hitting the 0.00003080 support and after hitting at support the MACD has turned weak bearish from strong bearish.
RSI is entered in oversold zone after Dec 2018, from here the price action will take bullish divergence soon insha Allah.
I have defined the targets using Fibonacci sequence and the sell targets are as below:
Sell between 0.00006587 to 0.00010296
Regards,
Atif Akbar (moon333)
Despite Fundamentals, RLC remains A Low Volume P&DI once held a position on this coin, but sold eventually at a loss because I saw that people were very quick to dump this coin. Unfortunately, even though the fundamentals may be strong, price action tells me that investors don't see any value in holding this token for some reason. This can also be reflected in their online community, which remains quiet. Investors do look at online communities to gauge confidence, whether you like it or not. This is sad to me because this coin has a great partnership and is indeed being used. Unfortunately, iExec has become a pump and dump coin and is in danger of dying out. What proves this is the HUGE sell volume on the recent pump that took it almost to the 1000 mark. Many people had sell orders up there, who have been eager to dump this coin for months. Unsurprisingly, it crashed down to support immediately after the pump.
Until RLCBTC can sustain a price bump and establish a new support (ideally above 1000), I won't personally be comfortable buying into this coin. I also wanted to point out something interesting that I've noticed. Going back to the Spring and Summer of 2018, RLCBTC has alternated pump and dumps with ENGBTC. More recently, they seem to pump and dump on alternating days. Just a pattern I've noticed. Perhaps the whales enjoy these coins because they are low cap with a somewhat low supply. They also generally trade at low volume, so they're easy to manipulate.
This is not investment advice, and I'm not a professional financial advisor. This is just an observation I made, and it is purely my opinion. However, I marked this as "education" because I think it's important for people to note WHY I sold a while back, as understanding price behavior is important when looking at long term investing. So far, I've been right in removing it from my portfolio, because it has since failed to sustain any sort of rally. Of course, that can change : ) This is crypto after all!
-Victor Cobra