Deflationary Casino CoinI would not sleep on this token.
They buy back then 🔥 a portion of their total supply every hour.
With the MACD creeping back up on a 1D, it's showing some divergence. And it currently being oversold - hard to pass up the opportunity.
Bullish crypto market scenario leads us to 0.18
Conservative bearish outlook we still land around 0.11
Disclaimer: I am not affiliated with Rollbit and do not encourage anyone to gamble.
RLBUSD trade ideas
We love the casino coin RLBYou have a big structure (blue box). Within that structure you get the final SFP before price breaks down further. This structure is what creates resistance if price gets back to it.
You can't SFP the SFP (unless it's a Short Deviation Setup which isn't possible here due to horizontality).
When price manages to get back to the SFP it's a sign that the structure doesn't provide resistance anymore. For true resistance price should never come back to this SFP high (green line).
The lowest low is a 1D SFP which creates a solid base.
Without any technical basis you can also see that price has started trending back up (HH's which aren't SFP's).
No resistance + solid base (1D LL SFP) + LTF uptrend = future HTF uptrend?
Normally I'm more hesitant regarding altcoin charts (my only real expertise is BTC) but given that BTC is highly likely to pump, good looking/most altcoins will pump with it. And this coin certainly looks good.
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The casino coin...
Crypto casino + low cap + sponsors eSports (FaZe up you can do it too) and football/soccer = I like this coin.
What's more to like than a crypto casino? A casino within a casino? Sold immediately.
RLB - Picture Perfect Prediction
Please refer to our last prediction^
As predicted, after confirming the breakout RLB has retested our trendline around $0.085. After buyers cam back in a held that as support we are trying to gain momentum to the upside for our run back to $0.20. The only thing left is to watch the 3D RSI (right chart) to flip that RSI level of old resistance into new support.
The only way to negate this prediction would be if price starts to close daily candles back below that red trendline.
RLB - Breakout ConfirmedHere is an updated to our previous post that can be found here:
Since that post TSX:RLB has seen an explosive 35% pump on the 3D breakout. Here's what to watch for next.
Price has seen some sellers come in and defend the liquidity zone around $0.115. Getting the retracement now, we want to see price hold and create a higher low between $0.085-$0.095. This would confirm the retest of the breakout and would most likely send price to an initial target around $0.20 (130%).
You can also watch the 3D RSI we have been mentioning. If the 3D RSI continues to close above the 55 level and confirm that as a new level of support, it would give an even stronger confirmation of the potential 130% move.
RLB - Structure UpdateRLB continues to build a phenomenal structure both in price and with our strength index. This next week could be a massive week for RLB given BTC starts its recovery.
What we want to see is RLB close a 3D candle above our red line in price while also closing our RSI above its red line which sits around 55. If we see another rejection from both these levels then we could see one more drop towards the green levels.
RLB is lining up to see some massive gains based on its current technical structure and also its deflationary tokenomics structure.
One additional key technical aspect of strength is the weekly timeframe. If you examine price vs RSI you can see a clear downtrend of lower lows while at the same time on the RSI a clear uptrend of higher lows. This is a clear bullish divergence that shows strength continues to increase when price drops. What this indicates is a high demand for RLB during dips.
RLB solid bottomThe Rollbit token (RLB) has recently formed a solid bottom, indicating a strong foundation for potential future gains. This price stabilization suggests that the token has found significant support, setting the stage for a bullish outlook. As the market sentiment shifts positively, we anticipate more upside potential in the near term. Investors and traders should keep an eye on this momentum, as the current market conditions appear favorable for further upward movement in the Rollbit token.
RLB - Bottom is in (pt 2)Here is an update to our previous post where we predicted the bottom for TSX:RLB was in. That post can be found here.
This post did mark a short term bottom as TSX:RLB rallied almost 74%! Then we hit our resistance trendline as labeled "current resistance" in the post found below. Which caused price to create a lower low.
Now we are back with a part 2 saying confidently the bottom is in. We are making this prediction as the structure has developed beautifully which give us a clear direction of what to look for next.
The first is our trendline of resistance that we predicted before we hit is, acted as sell pressure before the 50% drop. This gives us a valid trendline to watch. Once we break this trendline the true bullmarket for TSX:RLB should begin.
The second signal would be that we printed a 3D doji at the bottom. The first time we called the bottom it was off a daily doji (which sent price up 74%) and now we have an even more powerful doji on the 3D.
The final signal would be the massive bullish divergence that has formed on the 3D. In temrs of price we have seen 3 consecutive lower lows "marked LL" and on our RSI we have seen 3 consecutive higher lows "marked HL" creating a great buy signal.
We also saw our 3D rsi form a double top around 54 which means once we get a 3D close above 54 that should give us another signal of the true bull market for RLB.
RLB - Beautiful StructureAfter our prediction of TSX:RLB 's bottom being in:
RLB's price action has started to demonstrate the strength of how well this structure is being built.
So far, The daily doji has marked the reversal. After having a swift move to the upside, price came down to retest our demand zone of strong support around $0.10. In doing so, buyers stepped in and have continued to demonstrate the strong buying demand at $0.10.
Once our "resistance level" (red line) is broken we could see new highs for RLB.
RLB - Bottom is in Here Viaquant is making the prediction that TSX:RLB just created the bottom or is very very close to the bottom before its bullmarket kicks off. Here are the reasons why. If you want to know the fundamental reasons of why RLB is undervalued, please check out our previous post here:
Now let's focus on what the chart is showing us that could be foreshadowing that the bottom was just created.
The demand zone is the first thing to notice. This zone is a strong liquidity zone between $0.10-$0.115 where we have seen a lot of accumulation in that region.
Then, once our RSI uptrend was broken on the daily we had a crash down to the $0.09 level. This is what is known as deviation from the established range. This causes lot of selling pressure that allows the whales to buy large amounts without affect the price to much, thus filling their bids at optimal levels.
Once this occurred, price created a daily doji on March 22, 2024 that looking back into the past from the future could signal the bottom was created on the day before the bull market. This is usually a good example of a trend reversal with other factors verifying your thesis. Therefore, we predict the bottom is in.
Also, looking at our RSI we see that the crash led us exactly to oversold conditions and we have seen a strong rebound from the 30 level on our RSI.
RLB - Showing signs of strengthWe will examine the fundamentals that could pump this token then we will get into the chart analysis.
First let's look at revenue. Yearly revenue far exceeds current marketcap.
21 Revenue - $0.89B
22 Revenue - $0.88B
23 Revenue - $1.04B
Current Market cap - $413 M or ($0.41B).
This shows that strictly based on market cap vs revenue, RLB token is undervalued by over 50%.
This does not even include the incredible tokenomics with their buy & burn system. So far almost 50% of their tokens have been burned. Therefore, once demand reaches a diminishing supply the increase in value will be massive.
Just this year, 156.7M tokens have been burned which is 3.14% of the total supply.
Now, lets add the technicals to this analysis. First off, we can see based on the price chart that we are starting to form a rounding bottom with strong buying pressure holding the $0.10 level. Looking back on this chart in the future it will be pretty clear that this was the formation before a hockey stick to the upside.
The RSI also shows us the buying momentum continues to grow on the daily. Even with price action remaining relatively flat our RSI has maintained a continued uptrend. This is represented by our yellow line. Therefore, buying strength + strong fundamentals = strong bull case for RLB.