RLCUSDT trade ideas
RLC Making movesRLC heading back up to test resistance, see $3.8 then $4.2 major resistance needing to be clerared before can make serious moves.
Short -RLCShort
Reasons,
Fakeout detected confluent supply zone in grey box.
Targets and invalidation in the chart
Risk 1%
Rlc short 16% Follow the chart
My previous long idea on Rlc got ban.
Follow for quick update on Rlc breakdown
RLC Break Out Of Wedge FormationRLC has broken out of the daily wedge formation and has some nice volume coming in, next resistance $3.80
RLC Expected Breakout NearingAs we covered recently RLC is set to break out, currently testing resistance and cant possibly get ant tighter here, expect is coming very soon.
Refer website for more TA
RLC/USDT Daily ChartBTC dump has put a end to the RLC breakout however still remains within the daily falling wedge formation.
Buying at below $5 will not be availabe for long and my suggested accumulation at these levels is still strong as I continue to dollar cost average my possition filling the bags deeper.
* Not financial advice
Scalp Long - RLCLong
Reason,
Ascending trendline touched tree times, confluent retest at local PA support,
Expected a jump here,
Targets / invalidation point in the chart
RLC/USDT 4HR Chart - Breakout Iminent RLC is in a long term galling wedge abd currently testing resitance trendine.
Fantastic entry level. Last month we entered at $4 and got a 4X in 3 days. It wont be $5 much longer.
#RLC LONG POSOTION 147% Profit!!BINANCE:RLCUSDT
#RLC (RLC/USDT) LONG POSOTION 147% Profit 4H Chart !!
#RLCUSDT
RLC Value Areas! This is where you BUY!!Let’s talk about how amazing $RLC looks here on the daily.
💥 Hidden bullish divergence on the MACD
💥 Hidden bullish divergence appeared at a consolidation zone looking left acting as a support
💥 Potential double bottom
💥 78.6% Retrace from High to Low if you fib from the November 5th, 2020 low to the May 10th, 2021 high.
💥 I'm still learning harmonics (XABCD) so I'm not sure if there is any bullish harmonic pattern on the chart yet but you can see that I plotted an XABCD. Even though it's probably nothing in terms of a specific bullish harmonic like a gartley, butterfly, shark, cypher etc. it still is an XABCD with a 83.6% retrace. Yes, thats right. There is a 83.6% SALE on $RLC.
Thanks
RLC/USDT LIMIT BUY SIGNALThis is still a downtrend, but a strong pullback up, towards the 88.6% Fibs is expected.
iExec RLC formed bullish Gartley for upto 185% moveHi dear patrons, hope you are well and welcome to the new update on iExec RLC token.
Previously we had a nice trade of RLC token:
Now this time on the 2-day time frame chart, price action of RLC has completed the final leg of Gartley pattern. Thre is also 25 simple moving average support below the buying zone and the 50 SMA below this area.
Buying and sell targets:
Buy between: $7.38 to $4.90
Sell between: $9.33 to $14.01
Stop loss:
The maximum extent of potential reversal zone $4.90 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 185% and a high loss possibility of 34% but at this time the price action is already at the very end of buying zone therefore it is very low risk trade.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
RLC bullish, damnWait for two 4h strong candle above the triangle and then you are eligible to enter
Target is 15
Don't rush, wait for two strong 4H candle above the triangle
Super bullish, I believe.
