RLC vs BTC low TF playAscending triangle breakout supported by bullish RSI divergence into bearish Chuvashov fork.
RLCBTC trade ideas
RLC fundamentalsiExec has several upgrades coming in July and September. That should be a good reason for price to grow. Consider this trade mid/long term as below targets are for 20% to 70% profit. Worth waiting.
Right now moves within descending channel and now at the higher border of it. Either will bounce once again from 4900 support and breakout. Or pullback down to 4500 - 4000 and move sideways there till the same trendline until it breakout.
🛒 Under 4500
✊ HODL targets 6500 - 7000 - 7777
RLCBTC now 50% profit but 329% ride still waiting#RLCBTC TA Updates:-
#RLCBTC Now trading at Support level or retest level.
Hope you are now 50% profit in RLCBTC.
But still you not enter then It will be good entry.
Re entry:- 5000-5200 Satoshi
Targets:- 8196/10689/13209/15620 sat
Every dip is good Buying opportunity for me.
Guys if you also booked profit and also Happy with our Analysis then Please LIKE and Comments.
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Thank you.
RLC-BTC ready for a 50%-90% pump!?>>> Weekly closed above 21 MA.
>>> Breakout from falling wedge with daily candle close.
>>> Broken resistance level (4550-4900) and flipped into support.
>>> A daily close above 200 MA will makes this bullish .
>>> 1st Resistance: 7780-8300 (50%)
>>> Main resistance: 9800-10600 (90%)
RLC \ BTC. Profitable pattern in 72%Although the Elliot wave system is very controversial and not accepted by many, the idea of a "cyclical market" cannot be denied.
So here you have downward annual trends with a very interesting dependence
When a trend breaks, there is a steady increase in good interest
A breakthrough should happen the other day
Good luck and accuracy in the bidding!
RLC / BTC Falling Wedge. Local work.RLC / BTC Local operation. Descending wedge. Under a downtrend (wedge resistance) in a local uptrend, an upward triangle forms at its peak, which, in cases of confirmation and breakdown, will break through the wedge resistance (downtrend line).
Input
Entrance on a breakthrough or rollback after a breakthrough of a given local figure or if lateral movement begins - breakdown and price fixing above a descending trend line (wedge resistance).
Fixing the price above it will mean a reversal of the main trend. Before, time should not enter the market, as the trend is globally expressed in a downtrend. In cases of not overcoming the resistance of the wedge or not fixing the price - movement inside the wedge canvas and the continuation of the downtrend.
A similar situation was the coin Tron a few months ago. Then all the wedge goals for my trading idea were taken.
Compare the graphs. TRX / BTC.
TRX / BTC Falling Wedge. Work on a coin. Breakdown of the resistance of the wedge.
The TARGET is taken. Estimate the accuracy of the forecast. After the breakdown of the downtrend line of the wedge trend (resistance) and price fixing above it.
Target
If an upward triangle is formed in the wedge and it will be broken up. The target is the width of the base of the triangle. Perhaps this will be the emergence of an uptrend. Pamp Coin Binance and Bitfinex. Therefore, if a reversal occurs, this is the first local target. The following price levels are shown on the chart. You need to understand that the goal is not a line, but a zone near the target level.
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.
This is a RLC / BTC coin in a main trend
RLC / BTC Downlink. Bull Bat. Double bottom. Pump.
iExec RLC Perfectly Mapped, Long-Term Chart +188%We already looked at iExec RLC (RLCBTC) short-term, this chart is shared at the bottom of this post.
Now, we are looking at RLCBTC long-term, weekly (W) timeframe.
Here we have a very strong bullish chart... 100% green signals, let's get started!
First, we have a strong wave that corrected all the way down to the 0.786 Fib. retracement support... Now, prices are starting to jump.
We have prices moving above EMA10 and also EMA50 weekly. Going above EMA50 on the weekly timeframe is a very strong bullish signal.
The trading volume is going in favor of the bulls (green).
The MACD is showing a young bullish crossover.
The RSI is curving up.
Broken falling wedge pattern (the falling wedge is a bullish pattern).
Perfectly hit higher low.
All of these signals are pointing UP! ...
Remember to hit LIKE to show your support.
Namaste.
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Previous chart perfectly mapped | May 9
RLCBTC Weekly Falling Wedge|Local Resistance|Technical Target
Evening Traders,
Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation.
Points to consider,
- Local Resistance (Key level)
- 21 MA (Visual support)
- Technical Target Confluence
- Stochastics Buy Cross
- RSI Breaking 50
- Increasing Volume
RLCBTC needs to close this weekly candle above local resistance, this will allow for the smaller time frames to back test the level (S/R flip retest) for a long entry.
The 21 MA will act as a visual guide; price trading above this indicator will be very bullish .
The target for the falling wedge is in confluence with structural resistance – discretion needs to be used here for when taking profits.
Stochastics has a valid buy cross, indication of momentum shifting on the macro time frame. The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market.
Volume is noticeably increasing, this must sustain on the weekly time frame from continued follow through.
Overall, in my opinion, RLCBTC next most important move is closing above local resistance on the weekly. This will validate a true break of the falling wedge and allow for a risk defined entry.
What are your thoughts?
Please leave a like and comment,
And remember,
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
RLC/BTC Iexec Head and shoulders PatternRLC/BTC Iexec
Possible Head and shoulders Pattern
x4 on your BTC
RLC/BTC (Two Bullish Patterns?)RLC/BTC
-3D TF is forming a potential bullish descending channel
-we can also see on the left side history
-if the pattern breaks to the upside
-there is a chance of an inverse H&S is likely in play
-now, to trade this descending channel
-we wait for the break of the trendline resistance
-to confirm the market direction and our bias decision
-the pattern target is the swing top up to 10633
RLC - Go long for 600% profitsRLC is looking amazingly bullish on higher time frame charts.
Bullish falling wedge into high timeframe support. Target is range high at 29000 sats
RLC / BTC 1 HOUR VERY FAST EDITRLC, wil this one breakout hard?
RSI looking good also almost 0 volume! Let's see what happen with this one!
RLCBTCProbability of profit in the short term
personal opinion
Buy and sell with more research
If you buy, stick to stop loss
