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iExec RLC / Bitcoin

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RLCBTC trade ideas

RLCBTC. On support but looking for a buy at around 11500.RLCBTC 4H. Pumped even further right after Chico Crypto's uTube video the other day. Probably not a coincidence. In a nice descending channel. RLC has retraced somewhat now and is finding support at Fibonacci 0.5. Probably some upside from this level for a scalp but I am looking for a retest of trend line 'A' partly as I believe BTC is heading for 9600 and RLC definitely dives when BTC moves, and partly because I feel there is better support at that level. If trend line 'A' breaks then I'm definitely looking at buying some RLC at 'C' the 0.618 level and have placed an order at 11513. Generally, most alts look oversold to me and a healthy correction has got to be more probable for sustainable new highs in the medium term....? EMA 21 & 200.
by iDoji
iExec RLC Can Do More After 425%...iExec RLC (RLCBTC) has grown by 420%+ since early May. Incredibly enough this chart above tells us that additional growth is still possible. Let's have a look at some of the signals coming from this chart: RLCBTC Is growing massively and we can see higher and higher volume bars being printed each week. We have a new peak compared to Nov. 2019. The March 2019 peak is about to be challenged as well. We are seeing many altcoins breaking to new heights. Prices are trading above EMA100 on the weekly timeframe. This is the long-term chart that shows a bullish RSI and the MACD. The MACD shows plenty of room still left available for more growth. The blue dashed line on the chart can now be considered a strong support. Above this level, RLCBTC can continue to grow. Below it, we can see a retrace. All the signals are bullish so there is no reason for a retrace to take place now. Remember that charts are always changing... What we see today can be different tomorrow, so make sure to have a trading strategy/plan before entering any trades. Hundreds (100s) of opportunities like this will develop in the coming weeks and months... The altcoins market is growing as we predicted day after day, week after week, month after month. We kept on saying... "This is only the beginning... There will be so much more". There is still room left for so much more for the altcoins market in general and even for this pair. But if you looking to trade for profits, it is better to look for those that are sitting low around support rather than the ones that are higher up. Here is my previous chart for this pair shared May 9 with 320%+: Thanks a lot for your continued support. Namaste.
by MasterAnanda
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