RLCUSD trade ideas
#RLC AI (HYPE) Maybe the next big thing#RLC
3 Day Time frame,
1-Its in for a breakout,
2-it make higher lows,
3 a cross over 10-20 MA
And if the bull run its gonna start maybe it start already(?)
And there is gonna be a (AI) hype, than is RLC a part off it,
The project is already 6 years old, and they still working hard,
they come always with updates and they got big partners,
its a little bit long term trading,
but I think its gonna be worth!
Lets see how far it can GO
RLC 1.98-2.13 50% Move Incoming💯💪🤙🤪Not financial advice.
Take profit and stop loss levels highlighted.
This is the 3 week chart and anyone that follows me knows how I said to dip buy all the way back to .83c level which I will attach to view
Things of note:
Once RSI crosses we expanded 103% from where it started.
Applying that same metric gives us a target of 1.98-2.13
I've circled the areas and also notice the defined spike on Stoch Rsi.
It's ready to create some support and rock on up to 2.00 range
Dip buying encouraged with stop loss highlighted at .83c .
Remember to always practice patience and do your own research
I will note I have mapped this out for the longest time and feel confident in this trade.
Once we bypass 1.39 as a close I can see us trying to go after 2.40 which is almost 100% gain from here.
#PIK
Patience Is Key
#TLAW
Think Like A Whale
✴️ iExec [NYA]I am going to be honest with you, I shared a trade signal for this pair privately less than 16 hours ago... Meaning that I am bullish on this pair or else I would never share a trade but, allow me to read for you the chart.
The fact that we see a low 10-June is quite revealing, if you've been tracking the rest of the Altcoins market. This is when most of the Altcoins bottomed.
This low is followed by a consolidation phase and then the bullish breakout.
iExec is now breaking out of the consolidation pattern and we can easily expect a bullish wave.
Invalidation happens below the 10-June low.
The indicators are good... This is easy, for me it would be a simple buy and hold.
Namaste.
iExec RLC Utility Token iExec RLC Utility Token
On-Demand Decentralized Cloud Computing
Partnerships:
IBM, Intel, Ubisoft, Nvidia, Alibaba, Google cloud, Chainlink, Enterprise Ethereum Alliance and more
wait what?
This Token hasnt shown it's true potential jet in my opinion
Marketcap today 08-19-2022 $98,547,990
circulating supply (fixed) 86.999.785
Long RLCNot sure wtf RLC is but getting some confluence on the charts. Most other dog shit pumped off the 1 hour 200 D MA already but RLC is lagging, going to see if I can catch a pop here. Tight Stops. Cup and handle confirmed, really tracking the 200 Moving, also holding the HTF purple trend line. Think we get a pop. Not advise.
iExec RLC to $7On the above 1-day chart price action has found support on past resistance. The weekly chart below presents a clearer overall picture. The previous weekly candle closed a full body above resistance to confirm support, fantastic.
1st target $3.60 / 60%
2nd target $7
RLC/USD What should miners do after switching ETH to POS ?I've been following this project for a very long time and today I'm ready to share my thoughts, as it is very relevant on the threshold of Ethereum transition to POS!
Thanks to such projects as iExec ( RLC ) miners will be able not just to burn electricity looking for zeros and ones, but to sell their computing power to BUSINESS!
iExec ( RLC ), briefly about the most important
iExec claims to have created the first decentralized marketplace for cloud computing resources. Blockchain technology is used to organize a marketplace network where users can monetize their computing power, applications and data sets. By providing on-demand access to cloud computing resources, iExec can reportedly support compute-intensive applications in areas such as AI, big data, healthcare, rendering or FinTech.
The iExec network consists of computing resource providers. The providers of computing power are called "iExec Workers." As workers, users can connect their machines and be rewarded in RLC tokens for providing resources to the network. Application providers can monetize their applications and algorithms. Data providers who own valuable datasets can make them available for use by applications through iExec. The iExec PoCo (Proof of Contribution) consensus protocol provides consensus on off-chain computing and can also be used to integrate decentralized oracles with iExec.
iExec believes its strength lies in robust autonomous computing. Its representative leads the Reliable Computing group within the Ethereum Enterprise Alliance. It is working with Intel 🔥 to release a "reliable computing" solution for blockchain (TEE using Intel SGX ). Other iExec partners include Alibaba Cloud, IBM , Genesis Cloud, electrical equipment company EDF , EEA and Ubisoft. iExec was a member of the Trusted Compute Framework (Hyperledger Avalon) along with Microsoft , Intel , ConsenSys , Envision , PegaSys and Kaleido.
iExec works with various organizations and consortia to provide scalable, secure and easy access to services, datasets and computing resources.
I tried to show clearly which wave we are in on the additional indicators. Designated 2 levels to fix profits, as this is the market and it does not always fulfill analysts' forecasts).
☝️ But we should not equate 90% of shithcoins with such coins. Next year we will see the collapse of the biggest bubble, after which new "Googles" will appear and RLC will be one of them, part of the Ethereum virtual computer.
RLC to $150Following the break of $7 and a new weekly high it is time to consider new targets.
Looking left on the above weekly chart the targets with he most confluence that I can identify are shown in the traffic like colours, with $150 being the most conservative. 10-15x from here depending on which exchange you look at!
Is there anything else to support such a large move? Yes. The monthly chart below, (I published a week back or so for my month of May picks). The monthly chart continues to look amazing with Stochastic RSI above 80 - very bullish.
In the near term $17 is the target we should watch closely, support on here would be a clear signal to $150.
If you can stomach the volatility until the end of the year you might see a far higher target around $600.
Good luck!
WW