RLCUSDT trade ideas
RLCUSDT's Historic MoveHello guys! I will share to you my technical experiment on ELCUSDT, I believe that this coin will do a historic move. For so, my buying area is $2.2 and $1.8. If this will be true, this coin pair will go to 2.8and even higher. This is a 1 week time frame but I believe that before March ends, it can go up to $3.2.
RLCUSDTentry: around 2.18
TP1: 2.55
TP2: 2.79
TP3: 2.93
TP4: 3.11
SL: 1.8752
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- My trades are not financial advices
- always use stop-loss
- invest only the amount of money you are ready to lose
- trade with a strict money management method
RLC.USDT (Y21.P1.E1).Macro.TAHi All,
Going with some patterns here, I'm guessing RLC is done the top and is doing its correction wave.
Based on its previous rise, I'm looking for patterns, support and resistance trendlines.
My guess is that it will retrace to the 0.5 or to the 0.618 level before reversing.
See if you can make sense of this.
All the best,
S.SAri
If BTC dominance is to go up, this fits into the narrative.
RLC formed BAT move for up to 27% rallyHi friends, hope you are well and welcome to the new update on iExec RLC token.
On a small time period 4-hr chart, the price action of the RLC has completed the final leg of bullish BAT and spiked in the potential reversal zone. It may give us another chance to catch from the buying zone before starting the bullish rally.
this trade has profit possibility of 27% and the loss possibility is only 4%
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 the trade
RLCUSDT (RLC) - UPTREND CONTINUATION ANALYSIS 🔎
- RLCUSDT pumped and hit a swing high.
- Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level.
- Price action printed the double bottom trend reversal pattern at the retest area.
- Price brokeout above the double bottom neckline resistance.
- Price action is printing an ascending triangle pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level R1
- Horizontal resistance level R2 (swing high).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
🆓iExec RLC/USDT Analysis (2/2) #RLC $RLCRLC has conquered 1.2$ zone and this will be a step to help RLC increase strongly this February to $2 and $2.6 zones.
📈BUY
-Buy: 1.17-1.23$. SL if B
-Buy: 1.37-1.43$ if A. SL if B
📉SELL
-Sell: 1.9-2.0$. SL if A
-Sell: 2.6-2.7$. SL if A
♻️BACK-UP
-Sell: 1.17-1.23$ if B, SL if A
-Buy: 0.95-1.0$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"