RLCUSDT
$RLC/USDT 3h (Binance Futures) Bullish pennant near breakoutiExec RLC has been consolidating and looks ready for another big move-up!
Current Price= 8.1297
Buy Entry = 8.1560 - 7.4440
Take Profit= 10.2520 | 13.4110 | 21.1710
Stop Loss= 6.1690
Risk/Reward= 1:1.5 | 1:3.44 | 1:8.2
Expected Profit= +31.44% | +71.94% | +171.42%
Possible Loss= -20.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
RLC/USDT 1hr - Breakout Imminent! Oracle Szn?The only doubt I had about this set up was the lack of volume; however, RLC is an oracle and oracles like to run together. Not how Chainlink is ignoring the dip, which indicates upside for RLC and other oracles. I believe this will breakout with great upside once BTC chills out - it has been holding the bottom range throughout these dips.
I have been accumulating at the bottom of this pattern with a SL at invalidation around $6.30-$6.50 - depending on your risk tolerance.
As always, keep and eye on BTC and DYOR.
Cheers
2 options on the table right nowResistance at 11.
Support at 9.8.
Either RLC will hit 50% again(FIBR) and bounce back up to resume bull run.
OR
It'll keep dropping passed to the 61.8% zone and will keep price of 10.5000 for a while.
Personally I think RLC is close to surpassing the $14! Let's see how it develops
RLCUSDTThe price is going to form a M pattern. The details are shown for you on the chart. However, we have shown only 10 percent of it which you can easily gain profit from.
"We suggest you to use leverage 2 or 3 to have more ease of mind while trading. You can use higher leverages if you hold more margin in your Futures' wallet. Good luck!"
RLC/SUDT : Broke falling wedge ! BINANCE:RLCUSDT
Hello everyone 😃
RLC had a breakout from falling wedge which is making it more bullish !
How ever it's still moving into a big rising wedge but majority will be bullish for this coin.
There wasn't any important gesture in last 10 days...
📌 Also volatility is being bullish...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades