RLBrollbit looks to be bottoming out here..
nice little scalp on offer also..
25% to the 0.618 of the range
the deviation below the blue box appears to be a wyckoff spring section to my eyes
indicating that region wont be revisited and this is support
hence the scalp on offer..
given this might be the htf low also
the scalp could turn into a larger swing trade for stronger more patient hands
RLB
Time to roll the dice on Rollbit Coin aka RLBRLB or Rollbit is in a ascending channel and, looks like an accumulation cylinder has formed, also ascending triangle and potential inverse head and shoulders.
Good coin, makes a lot of income from their casino and derivatives exchange and feeds a % of profit back into RLB stakers.
New lower low, or break of channel would be my exit/stoploss.
Rollbit Coin | RLB ( Crypto & Casino )Rollbit Coin Dominates Top 100 Crypto Ranking With 10000% Gain less than a year 🎰
The price of Rollbit Coinis $0.16 today with a 24 hour trading volume of 52 million dollar. This represents a 55% price increase in the last 24 hours and a 100% price increase in the past 7 days. With a circulating supply of 3.3 Billion RLB, Rollbit Coin is valued at a market cap of 515 million dollar.
The RLB lottery will drive the demand for the token, acting as entry tickets that give holders the chance to win a share of the casino’s profits. RLB tokens must be staked to enter the lottery.The prizes will come from our profit sharing pool, where 20% of all the casino’s profits on a daily basis will accumulate over the course of each round.
By having a proven product and with Rollbit already running at a profit before launching the token, RLB provided utility from day one by being an integral part of the lottery, with prizes coming from a share of Rollbit's profits.
When all RLB tokens are staked, there’ll be a burn rate of 45% of the total supply per year. As more RLB is staked, this leads to a greater reduction in supply as a higher number of tokens are burned to enter the lottery. And as demand increases over time, this puts upward pressure on the price of RLB.
This week's surge has come largely as a result of RLB being listed by major CEX Poloniex, which has seen the altcoin's overall trading volume shoot up massively.
If you wonder whats the next RLB and crypto gem then you can count on our experts
RLBUSDT Triangle into Rectangle tradeRollbit Coin (RLBUSDT) has been trading within a Triangle pattern on the 4H time-frame for the past month. The price has completed 4 days of trading below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line).
We may gradually see the transition of this Triangle to a Rectangle (yellow) pattern, within the 0.618 - 0.236 Fibonacci range. Our trading plan is to buy as long as the 0.236 Fib holds and target 0.2100 (Just below the 0.618 Fib) or sell if it breaks below it and target 0.1100.
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$RLB LONGSomething tells me UNISWAP3ETH:RLBUSDT is about to go parabolic again. Nice s/r flip at 0.13 and descending channel breakout.
