Get started

RLCBTC

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
RLCBTC Weekly Falling Wedge|Local Resistance|Technical Target Evening Traders, Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation. Points to consider, - Local Resistance (Key level) - 21 MA (Visual support) - Technical Target Confluence - Stochastics Buy Cross - RSI Breaking 50 - Increasing Volume RLCBTC needs to close this weekly candle above local resistance, this will allow for the smaller time frames to back test the level (S/R flip retest) for a long entry. The 21 MA will act as a visual guide; price trading above this indicator will be very bullish . The target for the falling wedge is in confluence with structural resistance – discretion needs to be used here for when taking profits. Stochastics has a valid buy cross, indication of momentum shifting on the macro time frame. The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market. Volume is noticeably increasing, this must sustain on the weekly time frame from continued follow through. Overall, in my opinion, RLCBTC next most important move is closing above local resistance on the weekly. This will validate a true break of the falling wedge and allow for a risk defined entry. What are your thoughts? Please leave a like and comment, And remember, “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
Long
by AzizKhanZamani
2
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
RLCBTC forming bullish Shark | A good long opportunityHi fox hope you are well, In my previous post the iExec RLC (RLC) formed bullish Shark on 4 hour short term chart and this trading idea produced more than 64% profit: Now this time on 1 hour chart is forming another harmonic pattern and this time it is another bullish Shark. All legs are formed now the priceline is forming last leg. The Pattern: Lest’s dig the pattern deeper to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: 0.00006681 to 0.00006501 sats Sell between: 0.00006855 to 0.00007228 sats Stop Loss: The potential reversal zone area which is up to to 0.00006501 sats can be used as stop loss in case of complete candle stick closes below this level.
Long
by moon333
1
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