iExec RLCGiant head and shoulders forming on the higher timeframe?
Or do you prefer the cup and handle? as shown in my previous analysis here:
To me these technical indicators show the growing probability of the RLC token prize going (MUCH) higher in the beginning of next year. (Right around the launch of the regulated and compliant environment).
Check out there website here:
iex.ec
And more info on the eRLC token here:
iex.ec
iExec must be one of the most underappreciated crypto-projects in existence...
Thanks for looking!
Sven
RLCUSD trade ideas
Iexec RLCIexec proved to be difficult to price since the high of January 2018. Holders who bought at ICO have had there patience tested.
The teams development and promising collaborations attracted more buyers which shows in a giant bullish pattern forming.
We see what we want to see in these charts, but if the 0,80$ support holds and collaborations become use cases (from February 2021 onwards), we should see a serious price appreciation next year.
Thanks for looking and stay safe!
Sven
RLCUSD Can give massive gains.RLC can be one of those assets which can show massive Gains.
-After a major downtrend during these bear markets we have seen RLC Showing some good Strength with almost making a good higher high along with a higher low while flipping its resistance for support.
-After conquering EMA50,100,200 it showed us some strength which can be considered as one of the bullish factors.
-The price also bounced from EMA50's Support.
-While We can Also See a formation of Cup along with handle being started to form it plays another good sign for the price to move upwards.
-Price Might consolidate a bit before starting its upward movement.
-Based on the chart patterns TP's are marked along with support zones.
-SL manual: Daily Close below Support Zones.
Thanks & Regards.
Aanuj Tated
This is not Financial Advice. DYOR
RLC - Retrace buyActually bought this off the 2 hour chart with these indicator settings butthe 4 hour just confirmed the reversal in this timeframe as well.
Purple arrows.
About iExec RLC
iExec claims to have developed the first decentralized marketplace for cloud computing resources. Blockchain technology is used to organize a market network where users can monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec is reportedly able to support compute-intensive applications in fields such as AI, big data, healthcare, rendering, or FinTech.
The iExec network is made up of computing resource providers. Computing power providers are called ‘iExec Workers’. As workers, users can connect their machines and be rewarded in RLC tokens for contributing 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 consensus protocol ‘PoCo’ (Proof of Contribution) provides consensus over off-chain computing and can also be used to integrate decentralized oracles with iExec.
iExec believes that its strength lies in trusted off-chain computing. Its representative heads the ‘Trusted Compute Working’ group within the Ethereum Enterprise Alliance. It has partnered with Intel to release a 'trusted compute' solution for blockchain (TEE using Intel SGX). Other iExec collaborators include Alibaba Cloud, IBM, Genesis Cloud, EDF electrical utility company, EEA, and Ubisoft. iExec was one of the contributors to the Trusted Compute Framework (Hyperledger Avalon) alongside Microsoft, Intel, ConsenSys, Envision, PegaSys, and Kaleido.
iExec is working with various organizations and consortiums with the goal of providing scalable, secure and easy access to the services, datasets, and computing resources.
RLC - BreakingRLC breaking over resistance.......oddly enough just as LINK is also breaking channel resistance. RLC is the runner up to link. Decentralized cloud oracle. Check it out. Solid play, Targeting 2.12
iExec RLC (Intel company going to pump it)This coin has partnerships with intel and other computer companies which are testing and developing on top of it.
It is clearly showing a strong accumulation period which will result in massive spike leading it most likely to All times highs.
Trade accordingly, be safe.