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RLC

RLC / BTC Falling Wedge. Local work.RLC / BTC Local operation. Descending wedge. Under a downtrend (wedge resistance) in a local uptrend, an upward triangle forms at its peak, which, in cases of confirmation and breakdown, will break through the wedge resistance (downtrend line). Input Entrance on a breakthrough or rollback after a breakthrough of a given local figure or if lateral movement begins - breakdown and price fixing above a descending trend line (wedge resistance). Fixing the price above it will mean a reversal of the main trend. Before, time should not enter the market, as the trend is globally expressed in a downtrend. In cases of not overcoming the resistance of the wedge or not fixing the price - movement inside the wedge canvas and the continuation of the downtrend. A similar situation was the coin Tron a few months ago. Then all the wedge goals for my trading idea were taken. Compare the graphs. TRX / BTC. TRX / BTC Falling Wedge. Work on a coin. Breakdown of the resistance of the wedge. The TARGET is taken. Estimate the accuracy of the forecast. After the breakdown of the downtrend line of the wedge trend (resistance) and price fixing above it. Target If an upward triangle is formed in the wedge and it will be broken up. The target is the width of the base of the triangle. Perhaps this will be the emergence of an uptrend. Pamp Coin Binance and Bitfinex. Therefore, if a reversal occurs, this is the first local target. The following price levels are shown on the chart. You need to understand that the goal is not a line, but a zone near the target level. Stop loss Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work. This is a RLC / BTC coin in a main trend RLC / BTC Downlink. Bull Bat. Double bottom. Pump.
by SpartaBTC
1
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. -------- Previous chart perfectly mapped | May 9
Long
by AlanSantana
3
RLC critical moment.Hello Traders, RLC/BITCOIN is about to make a decision of the future trend direction, we are above a important support level, but on it seems to be a bearish acumulation pattern, now is time to be pacience and wait for more clear indications to go with the trend. On the chart we mark important informations as entry points, and our objectives of the two direction, Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
by MarketMinds
RLCUSDT formed Gartley | A good long opportunityWorld's 100th ranked crypto out of more than 2300 cryptocurrencies iExec RLC (RLC) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look at the dimensions of iExec RLC price action's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci (here I have ignored very minor difference) and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.3901 to $0.3805 Sell between: $0.3977 to $0.4160 So this very short term 8hr time period chart is giving very good long opportunity Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
RLC ANALYSIS (LONG OPPORTUNITY TO FILL THE HANDLE!)RLC is expected to form a cup and handle formation here as RLC hits the previous local support from the past years. RLC has seen a significant retrace and is expected to bounce from here to the 200 MA with an entry zone of 4200-5200 sats. It seems the reversal has already started therefore the chance of the lower end of the entry zone, near the 200 MA, will not likely be hit. I expect a rise to 100 MA at 6000 sats. Followed by 50 MA at 6990 sats. The handle will completely form after T3 and T4 successfully fill topping out at over 9000 sats. As long as BTC dominance doesn’t eat up the market, this setup is prime for long term success! Any stop loss should be set below the 200 MA as this invalidates the formation. Possible Entries: 4200-5200 sats
Long
by altchicasignals
RLC/BTC - Round 2After finding support at the 0.618 and consolidating for a few weeks, I believe RLC is ready for another leg up. My reasoning: Location/structure: Strong support and nice structure "W" at the 0.618 Divergence: Confirmed histogram div, RSI looking good. Willy coming out of stupid. Strong OBV VPVR: Lots of volume traded at this level I should note there is a lot of unresolved business below. The 3300 - 5000 sat range has been a very weak area for the bulls in the downtrend, and for the bears in the uptrend. Right now, I'm not too concerned as the OBV gives us a nice bullish case in the short-medium term. Hit the LIKE button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.
Long
by AndyTheKing
1