RLCUSDT trade ideas
RLC forming strong patternsRLC has formed a rising wedge with a triple top pattern, which is a strong indicator for a dump, when we saw a triple top pattern we could say that dropping is in favor, but when that is combined with a rising wedge then shorting the Asset is very nice.
NOTE: always DYOW, be cautious to place STOP LOSSes and trade your own personality.
RLC : BREAKOUT EXPECTING $2.5RLC showing an important breakout trend and it seems ready to enter a new volume trend.
RLC did not show for long term this signal, we will follow it coming time to see what it can do in the short term
FOCUS price action is above $2.5
all markets can be very risky, do always study, as this is only our view and not trading advice.
RLC IEXEC LONG TRADE 20221212Signal: Red -> Green
RLC, IEXEC, RLCUSD, RLCUSDT, RLCUSDTPERP, CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
RLC/USDT - November 22Right now RLC is in wedge and can move both ways. Yesterday there was fake breakout and now its again in wedge. I am bullish for this coin because its was not much down as compare to others and it holds its main support of 0.80 . We have to see this coin very carefully because it has retested its main resistance and support multiple times.
Right now its main support is 0.80 and if it breaks then it can touch 0.60 and for upward movement it should break 1.23 and 1.45 properly.
If you want to buy this coin then Stoploss should be 0.80 and if you want to sell then 1.23 should be stoploss. Best think is to wait for breakout from both sides and then open a trade. No need to throw yourself in the middle.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
RLCUSDT(IEXEC RLC) Daily tf Range Updated till 21-11-22RLCUSDT(IEXEC RLC) Daily timeframe range. performing on a days like where btc dumping is real props right there. It got retail interest and pretty known to p and d groups. as you can see some nasty wicks. beside that it do have pretty decent swing setups all over its range levels.
RLCUSDT is testing the demand zone
The price is testing the demand zone and needs to hold it.
IF the price is going to lose this support we could see a new bearish impulse until
the daily support.
How to approach it?
IF the price is going to lose the support and retest ads new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐