FOMO IN...One of the best plays with real fundamentals to come into play at some point, expecting to see unrealistic numbers in the future.
RLCBTC trade ideas
RLC long term view BINANCE:RLCBTC
Hello everyone.
As we can see :
- major support
- bottom flat triangle
- pullback at support line
So we have a pullback from current support lane,
We expect some upward movement till triangle top lane !
If RLC reject from triangle then we have to see a retest from current support,
If RLC break triangle, then we will higher mounts to recent resistances.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
RLC / BTCIf Bulls Cleared the Resistance too, Next STOP Would be Around 15000 Sats (Next Resistance)
iExec breaking out. Big pump possible Currently RLCBTC is gaining a lot of momentum.
SMA 100
RLCBTC has tested the 100 SMA quite extensively over the last month. After it broke out downward of the Ichimoku cloud beginning of september we were negative on the performance of iExec. But the SMA 100 was succesfully tested.
Potential MACD crossover coming up
A bullish crossover occurs when the MACD turns up and crosses above the signal line. The Blue Line is now at equilibium and when it crosses the orange line iExec will gain a lot of momentum.
The Kijun Sen
The Kijun Sen (blue line) gives a bullish signal since it is now trading above it.
All and all the signals are looking good but RLCBTC first has to conquer the bottom of the Ichimoku cloud before it can go to its old highs.
RLC/BTC (Triangle Pattern? Bearish?)BINANCE: RLCBTC
-The price retested the previous support area
-A good bounce happened and will likely retest the trendline resistance
-The 8400 sat range is a strong confluence of previous resistance turned support
-How do you trade this market situation?
-Buy at key support with a tight stop loss and target the trendline resistance
-2nd is to buy the breakout of the trendline resistance because it will signal a trend change
-This is a high-risk trade so please use small allocation only
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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RLC Wedge and Overall FormationRLC forming a wedge within the normal crypto-moon formation (look up broadening triangle).
Expecting this to take breakout, reach the upper bound, bull trap, retest bottom, before really taking off if the crypto alt season restarts later this year.
Similar formation:
RLC / BTC Triangle. U-turn zone. Past idea + 355% (+ 475%)RLC / BTC at the moment, a symmetrical triangle with a fantastic base of 190% is forming on a trading instrument after pumping on a pullback. Enter on a breakout or retracement after a breakout to a breakout of this formation.
The coin has acceptable liquidity and has a margin that allows it to work in two directions. Available on Binance and Bitfinex.
It is worth noting that since this asset brought an acceptable profit and even after a rollback the price is far from the zone of the main players' recruitment, I recommend that beginners not participate in trading, especially on margin. Margin is not a game against price, but a game against the stock exchange.
Less risk - less profit! More risk - more profit! Excessive risk - zeroing the deposit!
Intermediate traders who know what risk management is and the right entry point can start trading when a good entry point appears. I have been trading the coin since May 13 (5).
Previous idea profit is + 355% without margin and leverage. A trading idea that was published a little earlier + 475% . I fully accompanied the price from the very beginning of the trend, as I actively participated in trading. You can see this in the updates under the last two trading ideas. The entry point was given a few days before the start of an uptrend at the lowest price.
Past trading idea for this pair:
RLC / BTC Falling Wedge Local work.
Result + 357% from the entry point. In the trading idea itself, see in more detail how I followed the price in the trend.
+ 357% exactly at the price level indicated in the last update of the idea.
The last idea. Published just before the trend reversal.
RLC / BTC Downlink. Bull bat. Double bottom. Super pump.
Result. + 474% The price has almost reached the specified "fantastic target level". Likewise, the price was accompanied by updates.
A trader's behavior in the market is the result of his thinking. Whoever understands the thinking of the majority can turn it against the majority. This is not magic. This is the level of intelligence and experience.
Your way of thinking affects your habits, and your habits are basically what makes money or loses it in the market. Put more emphasis on study and training rather than making money. It will pay off.
$RLCFA:
* 30 September: V5 Enterprise ANN
TA:
* Bounced from 0.618 FIB
* RSI is over 50 on 1D
* MACD turning bullish.
RLCBTC Cup and HandleRLC is forming a handle for the cup it printed this summer. RSI still showing strength, and volatility is going down.I expect this to take off shortly and possibly print an ath if things continue the way they have been. i.e. no crazy btc moves.
RLCBTC is attempting to reach weekly resistance 🦐After amazing Gain with the previous Idea RLCBTC is again interesting.
The price had a daily breakout and now is ready to reach weekly support.
According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
RLC/BTC (Wait For Breakout Direction)RLC/BTC
-iExec RLC is currently forming a symmetrical triangle
-The best trading strategy here is to but the breakout direction
-Currently, it is testing the local resistance around 14100 sat range
-You may enter aggressively on the break of local resistance
-2nd idea is to place Buy orders once the downward trendline resistance is broken
-3rd trading option is to buy on retest/pullback after breakout confirmation
-All depends on your risk appetite how you will approach this market
-Please, always follow your trading plan once entered the battlefield
RLCBTC - Long - Potential 22.47%RLCBTC - Long - Potential 22.47%
Entry - 12890
TP1- 14408
TP2 - 15798
SL- 11669
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there!
Bullish Cup and Handle Pattern What a beautifull cup and handle pattern. Normally is the handle slope downwards. But I like to make it a 'U' from.
High volume within the big 'U'. Low volume within the smaller one.
Exactly how this pattern is been made of!
This might explode to the upsidr anytime.
Not a financial advice. Do your own calculations.
RLCBTC Daily S/R| .618 Fibonacci|Technical Confluence|Swing highEvening Traders,
Today’s Analysis – RLCBTC- in strong uptrend breaking daily S/R. A retest of the level will allow for a long.
Points to consider,
- Immediate trend bullish
- Daily support confluence (.618 Fibonacci & 200MA)
- Swing high (immediate target)
- RSI above 50
- Stochastics flat
- Volume declining
RLCBTC’s trend has been establishing consecutive HH’s and HL’s giving us a bullish bias on the market.
The daily support is a key trade location with multiple technical confluences. The .618 Fibonacci and the 200 MA is likely to be respected upon a back test.
RLCBTC’s swing high is the immediate target; price action breaking this level will increase the probability of trend continuation.
The RSI is currently above 50, likely to dip with the correction, maintaining above 50- midpoint will keep the bullish bias intact.
Stochastics is currently in the lower regions, there is stored momentum to the upside that will coincide with price movement.
Volume is currently declining; this is an indication of an influx being probable at daily S/R as it is the next trade location.
Overall, in my opinion, RLCBTC is a valid long at daily S/R, risk being defined below previous low. Price action is to be used upon discretion/ management of the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
