RLC/ETH REVERSAL OPPORTUNITY (REVERSE SYMMETRICAL TRIANGLE)iExec RLC / Ethereum
Technicals
Bullish Divergence on MACD Daily
Reversal on Stoch RSI Weekly
Reverse Symmetrical Triangle Pattern
5 waves compose the reverse symmetrical triangle (A-B-C-D-E).
Each of the A-B-C-D-E waves is composed of three sub-waves, so it has a 3-3-3-3-3 configuration
Break of the down trend line on USD and BTC charts
Fundamentals
Decentralised Oracles, Cloud Computing
Enterprise Marketplace Launch Q1
Collaboration and research with large industry players in the tech sector
Total Supply = 86,999,785 RLC
Circulating Supply = 80,070,793 RLC
Targets for RLC/ETH
TP1 = +-0.005
TP2 = +-0.008
TP3 = +-0.017
RLC
IEXEC RLC / BITCOIN - Long Term TrendA great project with strong fundamentals and the potential to provide decent BTC ratio gains during the start of the altcoin cycle
Fundamentals:
Promising project with a technically knowledgable team, decentralized Oracles (look at what happened in price action compared to LINK), Cloud Computing for graphic 3d rendering and AI (machine learning models), etc.
Enterprise Marketplace Launch Q1
Collaboration and research with large industry players in the tech sector
Total Supply = 86,999,785 RLC
Circulating Supply = 80,070,793 RLC
Technicals:
Weekly MACD histogram showing bullish flip on the weekly chart
Parabolic SAR indicates a start to a potentially strong uptrend on the daily chart
Price broke out of the long-term bullish descending wedge and formed a medium-term bullish descending wedge
Price forming Ascending triangle on 4h chart
Long-term Gann line acting as support should the ratio drop
EMA Cross on daily (20 EMA ready to cross above 50 EMA)
Fractal points to a future price increase up to at least red horizontal or orange resistance lines
Targets for RLC/BTC
TP1 = +-0.00021
TP2 = +-0.00026
TP3 = +-0.00039
TP4 = +-0.00057
iExec RLC (RLC) to the MOON!Hi
R L C to the Moon -Andrew Anthony
iExec is an open-source, decentralized cloud computing platform, running on Ethereum blockchain. iExec allows decentralized applications (dApps) an on-demand access to computing resources and technologies on iExec cloud. iExec has built a blockchain network where dApps can take advantage of cost effective and high-performance resources such as servers, databases, SaaS applications, web hosting and computer farms. iExec’s native cryptocurrency — The RLC token is the primary asset used to access services in iExec infrastructure. RLC is short for “Run on Lots of Computers.”
after coorection you can add it to your bag
RLCUSDTThe price is going to form a M pattern. The details are shown for you on the chart. However, we have shown only 10 percent of it which you can easily gain profit from.
"We suggest you to use leverage 2 or 3 to have more ease of mind while trading. You can use higher leverages if you hold more margin in your Futures' wallet. Good luck!"
iExec; Decentralization for Cloud Resources:(RLCUSDT analysis)The First Decentralized Marketplace for Cloud Resources
❇️(coinmarketcap data:
Rank #266 , Kind: Token , On 24,149 watchlists
Market Cap: $216,409,460 , Fully Diluted Market Cap :$236,787,130
Volume24h: $10,991,601 ,( Volume / Market Cap) : 0.05092 (ratio)
Circulating Supply : 80,070,793 RLC , Total Supply: 86,999,785
What Is 🌟iExec (RLC)🌟?
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
❇️The iExec Token: RLC
RLC is the native token of the iExec cloud platform. In exchange for RLC tokens, users can utilize the network to rent servers, data and applications.
✅An innovative market network where everyone can monetize their applications, servers and data-sets.
A decentralized network giving applications access to trusted off-chain computation and data.
👉1-For Developers
As a Developer, you can use iExec to overcome blockchain limitations, by executing your computations on a new distributed infrastructure.
👉2-For Providers
As a Provider, you can rent out your machine’s computing power, monetizing it by executing tasks for applications.
👉3-For Token Holders
As a token holder, you can get into the world of crypto-economy by trading your RLC tokens whenever you want.
✅Products:
Scaling blockchain applications with open-source software and protocols.
👉1.iExec Marketplace
👉2.iExec SDK
👉3.Dapp Store
👉4.Data Wallet
❇️Who Are the Founders of iExec RLC?
When it comes to the Founders of iExec RLC, Gilles Fedak is the CEO and co-founder. Before he began work on iExec, he worked in INRIA as a research scientist at a postdoc in UC San Diego and at ATER at University Paris-Sud. He has a Ph.D. in philosophy and computer science.
refrences: coinmarketcap - iex.ec
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for RLC/USDT, the price is trading at around $2.7 .
We are facing an bullish trend for this, and RLC has good dynamic and static support, which can have an uptrend channel that is moving forward, as it is likely to correct in the short term to EMA 20, a little entry point We considered it below, but because the risk/Reward is nice, so you can enter one step at this point.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
RLC is about to EXPLODE!!!!!!Rlc/btc hast just crossed the 200 daily Moving average .As you can see every single time we break it we had a least pump of 100% this time could just be similar unless btc dumps promptly .With btc dominance heading into lows more money is going to flood in altcoins and rlc is about to do something big .however its for the best to wait for btc to settle down then buy in a position.
Make sure to like and follow
No financial advice do your own research. cheers!