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TA-wise, big picture is still hard to see, but i think RLC did find its bottom and since hitting that, it have been gathering some volume and momentum to build a bullish movement to critical area where it is going hit the old resistance and support zones. First target in the critical area. Second target in the old ATH.
RLCBTC trade ideas
iEx - Broke downtrend for now, retest incomingiEx broke the downtrend-line and bounced after retesting the support at this line.
I expect a retest of upper resistance at the 50% fib retracement level, then a pullback to the lower support line.
RSI crossed and showing upwards
MACD crossed and showing upwards
Volume catched up during the pump
market closed inside Bollinder Bands before pump and now seems to close above.
Good entry point is at the retest of the lower support if a clear bounce off can be observed or if it breaks through the downtrend-line.
RLC-BTC Near The Suppor Line In The ChannelBlue lines: Resistant lines
Red lines: Support lines
Green lines: Trend lines
Comment:
After touching support line of the channel, it bounce up very quickly and reached the resistance line several times.
This time I expect similar movement in the channel as well.
Good luck.