RLCBTC trade ideas
$RLC About to Make A DecisionA member of our free discord requested I look at this coin. If you're interested in joining please check out my profile.
Not much to say about this. Didn't look at it from a FA standpoint, pure TA. It looks like its making a move but not sure where. Its near bottom but I don't know much about this coin. Symmetric triangle. So if you life the fundamentals it should break up.
It is time to buy.I am not good at writing so I will be short here.
So a good and really strong sign is that we are at 0,786 fibbonachi right now, the all mighty number and a big sign of reversal. Accompanying this is also that we have been drawing a massive bull flag for the last two months. At the moment I think we are doing a double bottom if confirmed I believe we are drawing a cup and handle . The timing for this is ideal as it might be that we are preparing for May and V2 when we are going to hit new ATH.
RLC with more than 40% profit Buy Opportunitywithout making it very tall i tray all the the time to make my ideas very simple as best as i can
young coin like iExec with project of Cloud Computing and Building the first marketplace for Cloud resources. can be a good choice to go long with it ...
analysing the chart :
1- cup pattern showing it self very clear at the chart with breakout from the green line it may tell us that we are looking to test the support line one time next to complete the handle of the cup .
2- MACD looks prety good at 4H chart and this is a bullish signal.
3- breakout with strong volume
shortly moving to the targets near the next prices :
0.0001686
0.0001888
0.0002081
keep updating will need few likes to make me happy doing that all the day
iExec (RLC) Downward Trend Reversal. Ready for a Breakout?I've been long BINANCE:RLCBTC for a while now. It's safe to say that I've taken a beating since late January. This issue was only exacerbated by the
COINBASE:BTCUSD downward trend. However, I'm seeing a potential trend reversal in the charts! So let's break this down.
BINANCE:RLCBTC has tested the black curved line FOUR times since the spike in late January. To me, it looks like the bears are tired. We see that the RSI is showing that BINANCE:RLCBTC was oversold when it hit the black resistance line for the fourth time. Right before this, we saw the downward channel established from the spike and the high on the 13th of February. My only hesitation is that we're not seeing a strong rally nor a strong volume over the past couple of days. Hopefully, we'll see this in the next coming days. If we do, I think that we'll see a strong bullish rally and the establishment of an upward-sloping channel.
I'm long-term bullish about BINANCE:RLCBTC , but I'm now short-term bullish as well. I'm tired of taking a beating on this coin, aren't you? The next few days will be telling, so stay tuned for my updates on BINANCE:RLCBTC . If I'm right, that's great for all of us and I'll continue to track the reversal. If I'm wrong, I think we can all learn a bit about the potential failings of technical analysis.
I'd like to hear your thoughts on BINANCE:RLCBTC ! Is this the end of the downtrend? Or will we see BINANCE:RLCBTC continue to lose ground to COINBASE:BTCUSD ? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***