RLCUSDT trade ideas
RlC turn around Every coin deep really badly.. I made a lot of post November 16 about this deep even btc too..
So here is a quick update on what I see next in the coin I am followingโฆ
Let start with RLC IT LOOKS REALLY CHEAP but everyone is probably scared or have lost a lot of money. There is a bullish divergence showing in 1hrsโฆ
Rlc look like it would reverse to the up side from here..
I have my entry @ 3.12 and I plan on sell @ 4.2 I will this would be a quick one..
I will update other coins too..
Check link to my bio to get quick update and for signals
RLC/USDT TA 1D ChartAfter RLCUSDT went parabolic and made an ATH, it has made several attempts to recreate the move or even go further to the new price discovery. I found a crucial resistance which is showed as a white box in the chart. Yesterday RLCUSDT looked really strong, but got rejected again. If it stays withing the ranges of triangle today, I think there is a great chance of testing the white box of resistance again, or even breaking out of it. I tried to draw a possible situation how I would see it happening.
RLCUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 6 - 7.5 - 9
after first target reached move ur stop to breakeven
stop: ~under 3.2 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
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RLC/USDT : Cup & Handle formed !BINANCE:RLCUSDT
Hello everyone ๐
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#RLC being hyped again recently, and the last 12H's candle confirms the Cup & Handle formation.
Now it's been rejected by the above Supply zone and it went to retest the local S/R zone ( Gray zone ) !
If #RLC manage to hold above the S/R zone, Then it will be likely to bounce above the supply and rush to conquer the Cup & Handle's target.
- What is the target of Cup & Handle ?
The minimum target of C&H pattern is the length measured by unit's scale from the dip till the top.
And the maximum target will be the percentage achieved by pattern from the dip till the top.
๐ Now the minimum target of C&H pattern is located on the higher H12's order-block ! Which is measured as $2.700 unit !
- How we'll play the chart ?
๐ I'll be waiting for a fresh retest on the S/R here and take a solid LONG with a invalidation as a candle close below my entry, I'll engage only 1.5% or lower of my portfolio !
In any other case, We'll be rejected into 12H Demand !
๐ On other hand, We can play safe and wait for the breakout above the Supply above and take a proper LONG to claim order-block above !
I'll engage the same rate of portfolio and set my invalidation as 3 candles close below the Supply.
๐ The average Risk/Reward will be around +8RR !
- Most of the needed information are mentioned on the chart, Hope you can earn enough !
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@Helical_Trades
๐ฅ RLC About To Go Parabolic?A couple of tokens have been seeing HUGE returns over the last 24 hours, looking at GXS, NULS, CTXC and the like.
All of them started with an initial bullish move and a bounce from one of the Fibonacci retracement lines.
The same seems to be happening with RLC as we speak. Big initial move and a bullish bounce from the $5, between the 0.5 and 0.618 Fibonacci retracements.
In case $4.9 holds, I'm looking at a potential target of $6, or even $7 if we're going to follow the prior parabolic moves. Be aware that this is a risky set-up, so apply your portfolio management accordingly.
Happy trading!
Long RLCUSDTLong RLCUSDT
I will enter this trade after a breakout and retest of the resistance zone of the 5.20 area with a 6H candle close above this zone.
It has been consolidating in this range since May 30. Im expecting a big push up...
Entry trigger 6H close above 5.20
1st target 8.2 zone
2nd target 9.93 zone
3rd target 11.50
Invalidation day close below 4.40
RLC is at its bottomRLC successfully completed 'M' pattern at the beginning of November and is at its support level, which may give very good trade possibilities with good Risk/reward.
I expect it to start uprising anytime soon, Notice that resistance at $6.6 has been tested, so there's a chance it makes huge wick all the way up to previous ATH.
Double Your Investment Ideas : RLC/USDtRLC are currently standing at the point where it can be bounce anytime and we could make at least 2x return ...
DISCLAIMER : Invest with Safety and Risk Management . Invest with D.C.A ( Dollar Cost Averaging ) strategy so you Make better returns with Minimize Risk.
Learn D.C.A if you are not aware about it.
Good Luck !
RLC is looking crazy good...I know there has already been an analysis done on this coin projecting to $150, and after doing mine, funnily enough, it ended up projecting the same idea. It bounced off the 1.618 fib channel range, making the high with the 2.618, where we are now at the 3.6118... so to the 4.618 to finish up this nice even flow of golden ratio numbers. The purple checkmarks denote where RLC was with respect to Bitcoin during given times. The movement of Bitcoin inevitably and inherently effects the movement of coins and the comparison of a given coin to Bitcoin at pivotal moments can give you an idea as to when a coin will top, as they typically do it within a range of Bitcoin's. I think Bitcoin, at longest, could run up until, or some degree into, Q2 of 2020, so I'd assume RLC would do it in that range as well... and it vey well could lag slightly behind like most alts do.
BTC Chart:
RLC/USDT-1D-BINANCEThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
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๐งRLC - Resistance ahead but the price is well supportedAfter getting rejected in the area of major resistance the price went down and found support in the area of confluence of many support levels: key level(4.01), 200EMA, dynamic support- bottom trendline of parallel channel (aqua) and some local levels. We can expect another breakout attempt soon.
Entry: buy between current price and 200EMA (flexible)
Targets:
--!! important notice: Targets might not be relevant because of the event that had place during the pump in April/May. RLC trading on Binance was disabled, while the price was pumping on other exchanges. Once the trading was brought back, the price skyrocketed trying to keep up with the global price ignoring previously established levels !!--
4.65
4.91
5.69
6.62
8.99
11.65
16.37
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Source: coinmarketcap
RLCUSDT Technical Analysisโณ Spot
๐ RLCUSDT has formed a descending channel and after the rejection from the support line the price is moving to the resistance zone. After the breakout we can expect a bullish move
๐ Tradingview
๐ต Invest Only 5% of your Portfolio
๐ณ Entry/Pullback now or from 4.022 - 3.801
โ๏ธ TP1 4.259
๐บ TP2 4.627
๐ป TP3 5.000
๐พ TP4
๐ท TP5
๐ธ TP6
๐น TP7
๐ TP8
๐ซ SL 3.801 - 3.556
Good Luck ๐ฒ
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