RLC
#rlc update: Bullish & Bearish view #iexecrlc #rlcbtc #crypto
#RLC after forming a bearish reversal pattern i.e bearish butterfly around the 30ksats resistance, has dropped over 30% .
Currently doing an ABC ZIg-Zag with c point expected to be: 18.5-20ksats , at the uptrend line support and 61.8fib region .
Bearish Ts-Ks crossover in 1D t-f
50DMA resistance: 20.3k sats
RSI : bearish, curving below 50,
however there's hidden bullish divergence indicating the downside momentum is now weakening.
In 4H t-f
RLC is below the cloud and facing strong resistance from 20k-24ksats region.
Bullsih view: If we get confirmation of price reversal around the 18.5-20ksats region i.e at the uptrend line support and 61.8fib region .
Bearish view: If rlc breaks below the uptrend line then next support level is at the 100DMA support: 16.5k sats
RLC Getting Ready for an Oversold BounceHere we have a very solid project. Having announced their recent partnership with Intel, there are many gains on the horizon for RLC. We have a great entry point now with RLC being very Oversold on the 4hr charts and due for a reversal soon. We have included Swing Trade targets and Long Term Hold targets for this coin.
Entry Target: Below 0.0001900
Swing Trade Targets:
1: 0.0002265
2: 0.0002385
3: 0.0002565
4: 0.0002950
Long Term Hold Targets:
5: 0.0003540
6: 0.0004250
Happy Trading!
iExec RLC vs Bitcoin Uptrend Is ValidSince April, iExec RLC has been steadily moving upwards and gained 180% against the Bitcoin in just 6 weeks. Price went from 1k satoshis up to the 3.2k satoshis high, where it formed a double top.
Nevertheless trend remains bullish and RLC/BTC continues to reject the uptrend trendline and the 50 Moving Average, while producing higher highs and higher lows. On the recent corrective wave down, RLC found the support at 50% Fibonacci retracement level, that is 2120 satoshis. The support has been rejected cleanly, suggesting that the uptrend might continue.
But the confirmation of the uptrend would be preferable and break and close above the 3k satoshis resistance could be the first signal. Then RLC/BTC could jump towards the strong resistnace area, between 5.3k and 5.5k satoshis, that it confirmed with the Fibs retracement applied to the corrective wave down after the breakout of the 2120 resistance.
The downtrend could take place only if the 3k resistance will not be broken and price breaks below the 2120 support and the uptrend trendline.
RSI bullish divergences in accumulation zone?RLCBTC is in downtrend for 2 days and 18 hours with 25% loss. Before that we are had spike with 25% up. Now we are in the same zone of accumulation (channel) that we had been before last spike up. U can see that we have some smart money here because they are hunting stop losses above the channel of consolidation (accumulation).
Also u can see that we are having a RSI bullish divergences. I'm waiting for price goes above the channel, then to touch channel to make a support and then goes up to 2644 (line of the cup and handle pattern on 1D timeframe). After that we will see some retracement, and another bull run to breakout from C&H pattern
Also one good indicator for up from the accumulation zone is EMA bullish crossover. We need to see that EMA 50 will crossover the EMA 200, that will be a good sign.
P.S. Zoom out to see a previous accumulation zone, and the breakout to distribution zone.
iExec RLC One Day Volume Tops $6.63 Million"iExec RLC (CURRENCY:RLC) traded 15.5% higher against the US dollar during the twenty-four hour period ending at 12:00 PM ET on May 26th. One iExec RLC token can now be purchased for $2.12 or 0.00028157 BTC on major exchanges including Livecoin, Ethfinex, Gatecoin and Liqui. Over the last seven days, iExec RLC has traded down 3.1% against the US dollar. iExec RLC has a total market cap of $169.58 million and $6.63 million worth of iExec RLC was traded on exchanges in the last 24 hours"
ledgergazette.com
"New astronaut in the BlockShow Space! Gilles Fedak, CEO & Co-founder at @iEx_ec, INRIA research scientist, Best Paper & PIFI Award Owner"
twitter.com
"We are proud to form another unique partnership to provide sustainable cloud solutions to blockchain applications. Today, @Nerdalize becomes a resource provider within the iExec cloud marketplace."
twitter.com
"iExec among the Best 5 Crypto Projects in France according to French @BlocsNews blockchain newsletter. "
twitter.com
"Want to catch up with the latest iExec News? Intel and RSK collaborations, new listings and the upcoming Version 2 release, all summed up in one page."
twitter.com
"just partnered with Nerdalize, INTEL 1.26% , UBISOFT and RSK! They were voted 2nd most promising and best crypto-project by Blocknews! "
RLC/BTC now on Binance!
BEST SIGNAL EVER: Make 150 % on RLC/BTC now on Binance!RLC just partnered with Nerdalize, INTEL, UBISOFT and RSK! They were voted 2nd most promising and best crypto-project by Blocknews!
And everybody get ready: RLC will be announcing iExec’s Version 2 during Blockshow Europe in Berlin, on May 29! From a TA perspective we have a beautiful Cup and Handle formation!
You are welcome, guys!
D4 Loves you <3 And he might make you rich - please leave a LIKE!
#Rlc about to moon!! Wave 3 #iexec
Rlc breaking out of the falling wedge and has started another impulsive wave sequence.
Wave 1 was till 0.0002555
Wave 2 was a 50fib retrace
Now if we get a break above Wave 1 high at 0.0002555, then we can have a full 1-5 EW sequence with Targets:
Wave 3 Target: 0.000278-0.000279 (taking as 1.618fib extension of wave 1)
Wave 4 retracement till 38.2fib : 0.000260-0.000261
Wave 5 Target : 0.000295-0.000300 (taking as 1.618fib extension of wave 1)
RLCBTC More retracement possibleRLC looks to have had a truncated 5th wave that fell short of reaching wave 3
ABC correction has not reached a 1:1 extension yet
1:1 Extension would correlate with a retracement down between the .5-.618 level
1:1 Extension would also place the end of the correction right into the large wick on wave 1
Buy zone: 2076-1946
iExec RLC: NEW EXHANGE LISTINGS = 20.88% PROFIT!!!Our "Crypto Bottom" Signal has correctly identified a buy in point on the 17th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 20.88% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 28: iExec is featured in Forbes.
April 6: iExec co-Founder, Dr 0.95% . Haiwu He, Selected as an Expert of the China Computer Federation. It has only 78 members in total.
April 19: iExec Chosen as a 2018 Red Herring Top 100 Europe Winner.
April 28: iExec recently announced a collaboration with Ubisoft
May 7: iExec is featured on the tech segment of the (a leading news channel in France) about its collaboration with Ubisoft.
May 15: iExec announces its compatibility with RSK 0.35% , a side-chain that enables smart contracts on the the Bitcoin -0.03% blockchain.
May 16: iExec announces the imminent release of iExec v2 in 2 weeks.
May 16: Hashed, a Korean blockchain project accelerator and investment fund announces that it has included iExec in it's investment portfolio.
May 17: Intel -2.39% and iExec have started a parrtnership which aims to develop privacy-preserving offchain computing.
May 17: CEO & Co-Founder of iExec, meets the French Minister of The Economy to discuss the rising decentralised economy.
(NEW) May 18: Gate.io lists iExec RLC.
(NEW) May 18: TokenJar lists iExec RLC.
These positive developments including the new exchange listings as well as a general recovery in the cryptocurrency markets have led to a surge in price of iExec RLC.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
#RLCBTC iExec RLC forming a Bullish harmonic gartley #RLC#RLCBTC 1H has formed a Harmonic pattern & currently in a ascending triangle.
Bullish Gartley pattern in works around 50fib retracement of the move from 11.7ksats-32.4ksats which also lies around the 61.8-78.6fib level of the recent spike from 20ksats-32.4ksats.
Currently price is nearing a ascending triangle breakout.
We should wait for confirmation i.e break of the triangle trendline resistance at 25ksats to enter the trade with
sl-24ksats , Risk-4%, Risk:Reward- 3.7
Target1-26.4k sats
Target2-28.7k sats
Trail sl to breakeven as Target 1 is achieved for a risk free trade for target 2.
www.tradingview.com
iExec RLC: NEW DEVELOPMENTS - 24 HOURS = 58.45% PROFIT!!!Our "Crypto Bottom" Signal has correctly identified a buy in point on the 16th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 58.45% PROFIT!!! in 24 HOURS
The increase in price may also be explained by positive developments including:
March 28: iExec is featured in Forbes.
April 6: iExec co-Founder, Dr. Haiwu He, Selected as an Expert of the China Computer Federation. It has only 78 members in total.
April 19: iExec Chosen as a 2018 Red Herring Top 100 Europe Winner.
April 28: iExec recently announced a collaboration with Ubisoft
May 7: iExec is featured on the tech segment of the (a leading news channel in France) about its collaboration with Ubisoft.
May 15: iExec announces its compatibility with RSK , a side-chain that enables smart contracts on the the Bitcoin blockchain.
May 16: iExec announces the imminent release of iExec v2 in 2 weeks.
May 16: Hashed, a Korean blockchain project accelerator and investment fund announces that it has included iExec in it's investment portfolio.
May 17: Intel and iExec have started a parrtnership which aims to develop privacy-preserving offchain computing.
May 17: CEO & Co-Founder of iExec, meets the French Minister of The Economy to discuss the rising decentralised economy.
These positive developments as well as a general recovery in the cryptocurrency markets have led to a surge in price of iExec RLC.
The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.
iExec (RLCBTC): Huge potential as releases arriveWith big releases to come during this month (v2.0/Marketplace) RLCBTC is perfoming very well during last weeks. Cup and handle pattern just being confirmed. We see a big potential growth from current levels, we could see it around 65k during this month.
iExec RLC - Low Cap Low Volume Steady RiserChart looking good here for iExec RLC
Steady one month uptrend
Hidden bullish divergence on the Daily
I'm going in here, my trading strategy on Binance:
RLC on Binance
Buy up to 18000
T1: 19800 10% profit
T2: 21600 20% profit
Stop Loss : 15300
Rating : :star: :star: :star:
Volume 120 BTC