RLC/USDT TA 1D ChartAfter RLCUSDT went parabolic and made an ATH, it has made several attempts to recreate the move or even go further to the new price discovery. I found a crucial resistance which is showed as a white box in the chart. Yesterday RLCUSDT looked really strong, but got rejected again. If it stays withing the ranges of triangle today, I think there is a great chance of testing the white box of resistance again, or even breaking out of it. I tried to draw a possible situation how I would see it happening.
RLCUSDT
RLCUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 6 - 7.5 - 9
after first target reached move ur stop to breakeven
stop: ~under 3.2 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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RLC/USDT : Cup & Handle formed !BINANCE:RLCUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#RLC being hyped again recently, and the last 12H's candle confirms the Cup & Handle formation.
Now it's been rejected by the above Supply zone and it went to retest the local S/R zone ( Gray zone ) !
If #RLC manage to hold above the S/R zone, Then it will be likely to bounce above the supply and rush to conquer the Cup & Handle's target.
- What is the target of Cup & Handle ?
The minimum target of C&H pattern is the length measured by unit's scale from the dip till the top.
And the maximum target will be the percentage achieved by pattern from the dip till the top.
📚 Now the minimum target of C&H pattern is located on the higher H12's order-block ! Which is measured as $2.700 unit !
- How we'll play the chart ?
📍 I'll be waiting for a fresh retest on the S/R here and take a solid LONG with a invalidation as a candle close below my entry, I'll engage only 1.5% or lower of my portfolio !
In any other case, We'll be rejected into 12H Demand !
📍 On other hand, We can play safe and wait for the breakout above the Supply above and take a proper LONG to claim order-block above !
I'll engage the same rate of portfolio and set my invalidation as 3 candles close below the Supply.
📚 The average Risk/Reward will be around +8RR !
- Most of the needed information are mentioned on the chart, Hope you can earn enough !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Long RLCUSDTLong RLCUSDT
I will enter this trade after a breakout and retest of the resistance zone of the 5.20 area with a 6H candle close above this zone.
It has been consolidating in this range since May 30. Im expecting a big push up...
Entry trigger 6H close above 5.20
1st target 8.2 zone
2nd target 9.93 zone
3rd target 11.50
Invalidation day close below 4.40
Double Your Investment Ideas : RLC/USDtRLC are currently standing at the point where it can be bounce anytime and we could make at least 2x return ...
DISCLAIMER : Invest with Safety and Risk Management . Invest with D.C.A ( Dollar Cost Averaging ) strategy so you Make better returns with Minimize Risk.
Learn D.C.A if you are not aware about it.
Good Luck !
🧇RLC - Resistance ahead but the price is well supportedAfter getting rejected in the area of major resistance the price went down and found support in the area of confluence of many support levels: key level(4.01), 200EMA, dynamic support- bottom trendline of parallel channel (aqua) and some local levels. We can expect another breakout attempt soon.
Entry: buy between current price and 200EMA (flexible)
Targets:
--!! important notice: Targets might not be relevant because of the event that had place during the pump in April/May. RLC trading on Binance was disabled, while the price was pumping on other exchanges. Once the trading was brought back, the price skyrocketed trying to keep up with the global price ignoring previously established levels !!--
4.65
4.91
5.69
6.62
8.99
11.65
16.37
--------------------------
About iExec RLC:
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security and much more.
Source: coinmarketcap
RLCUSDT Technical Analysis⏳ Spot
💎 RLCUSDT has formed a descending channel and after the rejection from the support line the price is moving to the resistance zone. After the breakout we can expect a bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 4.022 - 3.801
☕️ TP1 4.259
🍺 TP2 4.627
🍻 TP3 5.000
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 3.801 - 3.556
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
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Have a profitable day 😊👍🏻
RLCUSDT Technical Analysis⏳ Spot
💎 RLCUSDT has formed a descending channel and after the rejection from the support line the price is moving to the resistance zone. After the breakout we can expect a bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 4.022 - 3.801
☕️ TP1 4.259
🍺 TP2 4.627
🍻 TP3 5.000
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 3.801 - 3.556
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
RLCUSDT - 270% Profit after PullbackWait for the best time to arrive. That is, after the pullback, it is broken to the surface of the triangle.
Pay attention to the SL and TPs that I put, and after reaching the same TPP, save your profit and never be greedy.
Hoping for financial success for all investors.
Follow me on TRADINGVIEW , if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
🧇 iExec RLC 1D- testing key levelThe price broke out of daily dynamic resistance and is now getting close to key level (4.01). To confirm this entry I'd like to see a breakout from the purple channel (go to lower timeframes to see it)
Long-term targets:
TP1: 4.91
TP2: 5.69
TP3: 8.99
TP4: 11.65
TP5: 16.37(~300%)
TP6: OPEN++
-------------------------------------
About iExec RLC:
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security and much more.
Source: coinmarketcap
RLC looks good for swing trade#RLC (update)
Technical analysis:
Symmetrical Triangle Upside Breakout ✅ and its breakout the downtrend as well as trading above the both MA's (21 & 50-Day MA), and the beginning of parabolic uptrend is expected. well risk & reward setup for swing trade.
Take Profits:
TP1= @ 5.78
TP2= @ 9.10
TP3= @ 12.60
TP4= @ 16.50
SL= below 3.50 usdt on daily closed bases
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#RLCcoin #crypto #nextmove #bullmarket #dailyclosed