Time to RALLY! Don't sleep on this one 🔥Hey guys! Today I'm sharing a nice catch that is still early in the green market we're having in crypto! So this is RALLY a beautiful project and now let me share analysis per Ichimoku Cloud:
1D - It broke through Kumo from below to above which is a strong bullish reversal sign, specially in the long term for the Daily Timeframe! So this is really great news!
4h - Kumo is getting thicker which means the uptrend is getting stronger and acts a support. Kijun-sen has been pretty flat all the way warning about retracements along the way but you can consider these as opportunities to enter and ride the upcoming Daily Timeframe uptrend that's just starting out! Tenkan sen is pretty strong pointing upwards!
1h Our entry trigger timeframe would be here: It hit a resistance from 0.0142 to 0.0159, if we see a breakout from this resistance, you go long! ♥ That would be the safe set up for this!
Happy trading & stay shiny! ✨
Rlylong
RLY upcoming Rally? HUOBI:RLYUSDT
Lets take a look on this low cap coin next trade
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Thank you.
Possible Targets and explanation idea
➡️We got 2 first one and local term resistance zones.
➡️First zone we can meet at after test "Exit" line on Take Profit indicator
➡️We got perfect bounce at "Buy line" on same indicator and important note with Volume
➡️Strong signal to buy on "Direction" indicator
➡️On Local resistance zone ill start looking set up to open short for correction.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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$RLY taking a long here at the lows for chance at large upside$RLY went a lot lower than most people thought was possible (including myself). I've been waiting patiently and watching for some indications that this could be bottoming and it looks like we finally just got some signals.
The big signal that stands out to me is the 2D buy volume being the highest on the chart right at the bottom. That gave me the confidence to take an entry here at $.021.
If this starts moving higher, I think we could see a pretty strong bear market rally to retest resistance at $.30 and potentially even $.45 (the 50% retracement from the highs). The R/R is really good here 1300-2000% upside w/ minimal risk. Taking a small position w/ a shot at big returns.
Longing RLY/USDT- Breaking resistance
- Part of the Coinbase Ventures Portfolio
- Indicators confirmation
- NEVER RISK MORE THAN 2/3% - ONLY WHAT YOU CAN AFFORD TO LOSE
