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RLCUSD

RLC/USDT Forms Falling Wedge Pattern with Strong Support!💎 RLC/USDT exhibiting a falling wedge pattern on the price chart which indicates a period of consolidation before a potential upward breakout. 💎 One key aspect of the falling wedge pattern is the presence of a strong support level. The price of RLC has consistently found support near a specific price point, which has prevented further downward movement. 💎 If the downward support is breached, meaning the price drops below this level and fails to recover quickly, it would invalidate the falling wedge setup. 💎 A break below support could signify a change in market sentiment, potentially leading to further downward pressure on RLC. 💎 However, as long as the strong support level holds, the falling wedge pattern remains valid and suggests a potential bullish move. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
Long
by MyCryptoParadise_Simon
RLC: Bullish Trend with Key Resistance at $1.758Let's turn our attention to RLC, which is currently showing positive momentum. Over the past 24 hours, RLC has increased by 7% and is currently priced at $1.668, showing a strong bullish sentiment. The key resistance levels to watch out for are the 24-hour high of $1.758 and the upper Bollinger Band of $1.674, which the price is brushing against. These levels could present some friction as RLC attempts to sustain its ascent. On the flip side, if a downward trend ensues, RLC has potential support at the EMA 50 level of $1.604 and the 24-hour low of $1.572. In addition, the 0 Fibonacci level at $1.642 could also serve as a support, creating a cushion for the price if a pullback occurs. As for the indicators, the RSI is currently at 64. It's inching closer to the 70 mark, which typically suggests overbought conditions, so keep an eye on that. Conversely, the MACD of 0.023 and Stochastic Oscillators at 52 both indicate a potential continuation of the current upward momentum, which is a positive sign. Lastly, the volume oscillator at 31% and the OBV of 247M suggest a healthy trading volume, reinforcing the current bullish trend. In summary, RLC's current trend is positive, but keep a close watch on key resistance levels at $1.674 and $1.758. Similarly, be aware of potential supports at $1.604 and $1.642. Adjusting strategy according to these markers could be beneficial. RLC is currently showing a bullish trend, which suggests that the price may continue to rise in the short term. Here's why: The price has increased by 7% in the last 24 hours, indicating a positive momentum. The MACD value at 0.023 and the Stochastic Oscillators at 52 are both suggesting a continuation of the upward trend. The current price is above the EMA 50 and the middle Bollinger Band, which is a positive sign for price movement. The volume oscillator at 31% and the OBV at 247M also suggest a healthy trading volume, which generally indicates a continuation of the current trend. However, it's important to note that the RSI is at 64, which is approaching the overbought threshold of 70. This could suggest a potential price correction in the future.
by ShawnMCR
8
A little RLC can go a long way IExec RLC/BTC I spent yesterday evening looking for tokens/coins that have outperformed or kept on par with their BTC valuations. The obvious ones are MATIC and ETH but I'm looking for other smaller hidden opportunities in the charts. I cam upon RLC, and it might be worth keeping an eye on this. Neutral for now but its coiling. - Forming Pennant - High volume increase from May 2022 - Feb 2023 - Volume lower now but still generally significantly up since this time last year. - During the same period up 150%+ against BTC - low cap 197 rank coin by market cap (High risk) - No longer above the 10 or 12 SMA. this would be ideal as it tends to ride higher off it. - The USD pair is technically in a churning uptrend. IMPORTANT: I used HITBTC Exchange as it highlights or emphasizes the volume increase. On Binance the volume is still pressing gradually up and the that chart i not as stark. HITBTC Exchange is one of the older exchanges where new coins where born. Buys - Bottom of pennant channel (or slightly under) - If we get above 10 day SMA. In the last bull run in 2020/21 I made a killing on this coin from $0.50 to $8. At the time the coin had a lot of promise. It had partnered with IBM, Intel, Ubisoft and Nvidia. At present they are working on an AI offering and this could see the AI promise in the crypto space. But we focus on the chart, the price tells us everything. That's the main indication here. Price over everything. A little background can give the token distinction for memories sake. Lets keep an eye on this one. PUKA
by PukaCharts
2
iExec RLC price will be able to repeat the growth as in 2020 ?What is iExec RLC? iExec is a provider of decentralized computing based on the blockchain. Blockchain is used to organize a marketplace network where people can monetize their computing power, as well as applications and even datasets. This is done by providing on-demand access to cloud computing resources. IExec can support applications in industries such as: "big data", healthcare, artificial intelligence (AI), rendering, and fintech. Application vendors can monetize their algorithms, and data providers who own valuable datasets can make them available for use through iExec So why should you pay attention to RLC if the price stays above $1.30 in the coming days/weeks? the project was founded in 2016, and the RLCUSD, RLCUSDT trading pair has been on crypto exchanges since 2017 (it has survived more than one crypto winter, and is still developing) RLC token reached its maximum price at the peak of the DeFi boom, as it is directly related to the DeFi sector. RLC token can be used in the field of "artificial intelligence (AI)," and the hype around it is only gaining momentum. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
39
RLC: TREND VIEWRLC shows some trend patterns that could give some increasing trends coming time. We will see if this coin is ably confirmed. Until now there are still no confirmations for an uptrend, it's only a view that can become interesting coming time. For most of the coins, the trend is still breakdown. These times are very difficult to find the right coins that are going to build real volume, last time most coins increase only for the take profit zone. Trade safe with always risk management. we start to check this coin from $1.35 Build always your chances on more trades, a good trader is able to make more failed trades and just to succeed in 1 trade very well. If you like our content, give us a follow Thanks
Long
by Goldenbreakout