RLC
RLC looking good !#RLC / BTC ( Binance, Bittrex )
Buy Range : 0.00002500-2550
Stop Loss : 4h Close below 0.00002386
Target 1 : 0.00003133
Target 2 : 0.00003868
- RLC got a lot of potential. This coin has been doing very well in last altseason having a good performance. If we look at the prices, i think have much upside and we can take some advantage of it
- Firstly, price action has broken MA20 in 4h and is looking to find some support here. Indicators suggest more upswing
In daily timeframes we can see how price has broken my yellow moving average with a good volume supporting this move. Indicators was totally oversold and the buy pressure made it bounce.
In short-term price is trying to hold and find support, making the price going down which is a perfect moment for a dip. This movement could carry price to 2500 sats. So, you can put different buy entries to have a good average
Risk/Reward is around 6.70 which makes attractive this trade.
Just wish you good luck and remember use correctly your funds !
more trades in my channel !
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RLC / USDT In buy zone for long termHello everyone. Excuse me for my english, i dont have very tecnical vocabulary but I hope my level will be enough to make you understand what i see!
Today i want to show you this idea about RLC / USDT.
RLC/USDT has it's own personality. Meanwhile everything is going to hell, RLC can go up.
Meanwhile everything is going up, RLC can be going down or in range.
This idea is good either for acumulating RLC for those who believe in the project and never have acumulated RLC, and also for people who want to try to take a 80% profit in a few weeks.
As you see, the price is respecting the purple line same as did in March.
I suggest to buy right now at any zone between the blue line and the purple line. I put the stop-loss there because a fast shakeout can happen. The risk/profit ratio is still good.
The price had been in long range between 0,17$ to 0,80$ and finally we could break that resistance with autority, and now is retesting the old resistance being a new support.
If price doesn't fall down and respects the trendline, it would be a higher high with higher low, expecting a new higher high and a new higher low.
If weekly candle closes down of the purple line, we will have reasons to worry about. But that's not the situation now.
I opened long witouth intention to sell because off the project. I may sell a part of the position if reaches the 2,20$, but I will be holding RLC for years.
But first TP would be 1,40$-1,50$. (Almost 100% profit from now)
Next one would be 2-2,20$
If you want to be more sure about this idea, or you dont want to have capital locked in this acumulation zone (wich could last many weeks from now), you could wait to see signs of strength.
I will be updating this idea. Good luck and I wish you tons of profits in your trades!
Marc.
RLC back in the buy zone. Future of cloud computing. Fundamentals:
This is one of the promising projects which is building a decentralized cloud computing platform where computation can be aggregated from sources all across the globe. They are directly competing with the incumbents AWS, Google, IBM, Microsoft etc. Currently the market cap sits around $65 million which is a steal. The team is made up of several PhDs and experts in the cloud computing field.
They are also working on decentralized oracles which will compete with Chainlink, Band etc.
In addition, they have become a member of the Intel AI ecosystem giving it more credibility with the enterprise customers.
The cloud computing market as a whole is growing exponentially and is predicted to surpass $500 billion+ in 2022 (kinsta.com). Even capturing a small percentage of this market will propel
RLC to a multi billion dollar market cap.
Technicals:
RSI: Heavily oversold
OBV: Accumulation has been going on since the last 2 bull cycles
This is a long term hold. Expecting the marketcap to exceed $1 billion + in the coming years.
Note:
This is not financial advise. Please do your own research.
RLC/BTC Local work Breakdown of wedge resistance. Reversal areaI have been accompanying the movement of this coin since the beginning of the inception of the last uptrend (pump more than + 400%). Also the entire downward movement of the subsequent trend. Under the description of the idea, I secured all the trading ideas for this coin published on this resource for open access in which I accompanied the price from the inception of an uptrend and its reversal and change to a downtrend.
At the moment, the long buy level (zone) has been reached (green level). There was a rebound from it. At the moment, the breakdown of the wedge resistance. A local triangle is drawn in the breakout zone; there is a possibility that it will act as a canvas of an upward pennant in cases of price fixation above the wedge resistance.
iExec RLCGiant head and shoulders forming on the higher timeframe?
Or do you prefer the cup and handle? as shown in my previous analysis here:
To me these technical indicators show the growing probability of the RLC token prize going (MUCH) higher in the beginning of next year. (Right around the launch of the regulated and compliant environment).
Check out there website here:
iex.ec
And more info on the eRLC token here:
iex.ec
iExec must be one of the most underappreciated crypto-projects in existence...
Thanks for looking!
Sven
RLC/USDT looking bullish Rlc / usdt
Analysis
Became back above trend support
Break trendline resistance
Bullish green candels
Break local resistance between 0.87-0.935
As long as RLC above this local support we can expect big pumps like before
Please have a plan before trading and use stoploss
Good luck and happy trading
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