RLCBTC
RLCUSDT (RLC) - UPTREND CONTINUATION ANALYSIS 🔎
- RLCUSDT pumped and hit a swing high.
- Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level.
- Price action printed the double bottom trend reversal pattern at the retest area.
- Price brokeout above the double bottom neckline resistance.
- Price action is printing an ascending triangle pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level R1
- Horizontal resistance level R2 (swing high).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
RLC-BTCGreetings,
There has been a pullback to support 0.000034 after the wedge breakdown, at the moment there is a local uptrend again. Price is moving in a channel. Targets at 51,64,87, 109, 138,190
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
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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 !
Ç
The max opportunity of your life! Alt entry targets and date Most likely Hit bottom by Mid Jan 2021 Then pump until April 2021.
Currently, alts will keep dropping until early-mid January.
Buy Targets of most awesome high return alts:
DGB/BTC @37
RLC/BTC @1020
Doge/BTC @12
XVG/BTC @18
Sell: As seen in the chart ^
These are the optimal prices ^ to buy alts at.
People will call these craziest calls, but hey they all will regret it soon.
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.