RLC
RLC/USDT Daily ChartBTC dump has put a end to the RLC breakout however still remains within the daily falling wedge formation.
Buying at below $5 will not be availabe for long and my suggested accumulation at these levels is still strong as I continue to dollar cost average my possition filling the bags deeper.
* Not financial advice
RLC Value Areas! This is where you BUY!!Let’s talk about how amazing $RLC looks here on the daily.
💥 Hidden bullish divergence on the MACD
💥 Hidden bullish divergence appeared at a consolidation zone looking left acting as a support
💥 Potential double bottom
💥 78.6% Retrace from High to Low if you fib from the November 5th, 2020 low to the May 10th, 2021 high.
💥 I'm still learning harmonics (XABCD) so I'm not sure if there is any bullish harmonic pattern on the chart yet but you can see that I plotted an XABCD. Even though it's probably nothing in terms of a specific bullish harmonic like a gartley, butterfly, shark, cypher etc. it still is an XABCD with a 83.6% retrace. Yes, thats right. There is a 83.6% SALE on $RLC.
Thanks
iExec RLC formed bullish Gartley for upto 185% moveHi dear patrons, hope you are well and welcome to the new update on iExec RLC token.
Previously we had a nice trade of RLC token:
Now this time on the 2-day time frame chart, price action of RLC has completed the final leg of Gartley pattern. Thre is also 25 simple moving average support below the buying zone and the 50 SMA below this area.
Buying and sell targets:
Buy between: $7.38 to $4.90
Sell between: $9.33 to $14.01
Stop loss:
The maximum extent of potential reversal zone $4.90 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 185% and a high loss possibility of 34% but at this time the price action is already at the very end of buying zone therefore it is very low risk trade.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
🆓iExec RLC (RLC) May-22 #RLC $RLCRLC is moving in wide ranges and it's very difficult to handle. At the moment, 6$ zone is a good support and the selling pressure is decreasing so we can expect a recovery or even a new rally in the next few days up to 8$, 10$ and 12$. But if it loses the 6$ zone, it could dump to 4$ easily
📈BUY PLANS
-Buy: 5.8-6.2$. SL if B
-Buy: 7.8-8.2$ if A. SL if B
📉SELL PLANS
-Sell: 7.8-8.2$. SL if A
-Sell: 9.7-10.3$. SL if A
-Sell: 11.7-12.3$. SL if A
♻️BACK-UP PLANS
-Sell: 5.8-6.2$ if B. SL if A
-Buy: 3.8-4.2$. SL if B
❓Details
🕯Timeframe : 8 Hours
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
$RLC/USDT 3h (Binance Futures) Bullish pennant near breakoutiExec RLC has been consolidating and looks ready for another big move-up!
Current Price= 8.1297
Buy Entry = 8.1560 - 7.4440
Take Profit= 10.2520 | 13.4110 | 21.1710
Stop Loss= 6.1690
Risk/Reward= 1:1.5 | 1:3.44 | 1:8.2
Expected Profit= +31.44% | +71.94% | +171.42%
Possible Loss= -20.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
RLC/USDT 1hr - Breakout Imminent! Oracle Szn?The only doubt I had about this set up was the lack of volume; however, RLC is an oracle and oracles like to run together. Not how Chainlink is ignoring the dip, which indicates upside for RLC and other oracles. I believe this will breakout with great upside once BTC chills out - it has been holding the bottom range throughout these dips.
I have been accumulating at the bottom of this pattern with a SL at invalidation around $6.30-$6.50 - depending on your risk tolerance.
As always, keep and eye on BTC and DYOR.
Cheers
2 options on the table right nowResistance at 11.
Support at 9.8.
Either RLC will hit 50% again(FIBR) and bounce back up to resume bull run.
OR
It'll keep dropping passed to the 61.8% zone and will keep price of 10.5000 for a while.
Personally I think RLC is close to surpassing the $14! Let's see how it develops