RLC/USDT LOOKS PROMISING FOR BULLISH MOVE The RLC/USDT pair is currently exhibiting a breakout from a triangle pattern on the 4-hour timeframe chart. If this breakout is successful, we may anticipate a bullish move ranging between 20% to 40%. It is advisable to exercise caution and wait for confirmation of the breakout before considering any trading decisions.
Please note that this information is not intended as financial advice. It is crucial to conduct thorough research (DYOR - Do Your Own Research) and consider various factors before making any investment decisions. Trading in the cryptocurrency market carries inherent risks, and it is important to stay informed and use proper risk management strategies.
RLCUSDT trade ideas
RLC/USDT Lose Moment to upward, Keep an eye on the OB or demand.💎 RLC has recently encountered significant developments in the market. There is potential for RLC to retest the Bullish OB around $3.55 before resuming its upward movement and possibly reaching our target area.
💎 However, if RLC fails to bounce and instead breaks down below the Bullish OB, the next support level to watch for is around $2.8.
💎 The demand area holds significant importance, as a strong bounce from this level could signal continued upward momentum for RLC. However, if RLC breaks down below the demand area, it would indicate a shift to bearish sentiment, potentially leading to further downward movement.
iExec RLCWhat Is iExec RLC (RLC)?
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
Total Supply
86,999,785
Strongly undervalued price comparing to Total Supply. Partnered with Microsoft Azure few times ago.
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Trading Parts :
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Buy Zone : 4.7$ (Now) - 4$ (Rebuy More)
TP1 : 7.5$ (Security TP)
TP2 : 15-16$
TP3 : 24.5$
STOP : 2.8$
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Stay Safe + Follow TheKing
Happy Tr4Ding !
RLC/USDT Indicating continue the upward movement for RLC!💎 RLC has recently undergone notable market dynamics. Following its breakout from the supply area, RLC experienced a significant upward movement, with no retesting observed thus far.
💎 RLC can retest the demand area and subsequently bounce for further upward movement. However, if RLC breaks the resistance without retesting the demand, it could signal a continuation of the upward movement towards our target area.
💎 On the other hand, if RLC fails to bounce during the retest of the demand area and instead breaks below it, this could be interpreted as a bearish sign. In such a scenario, the price of RLC may continue its downward trajectory, leading to further declines.
#RLC/USDT#RLC
The price moves in a triangle pattern on a 1-hour frame
It is expected that the triangle will be penetrated upward with stability above the Moving Average 100
We have strong support to rely on at the lower border of the triangle
Also we have oversold on MACD
Current price 2.36
The first goal is 2.47
The third goal is 2.55
Third goal 2.66
#RLC/USDT#RLC
The price broke the descending triangle upwards on a 4-hour frame
Drawing support from the green support area
We have support from the RSI indicator
We have a higher stability of Moving Average 100 that supports the rise
Expected to rise on targets
Entry price 2.38
The first goal is 2.45
Second goal 2.52
The third goal is 2.60
RLC/USDT Facing strong resistance, Could RLC breakout this area?💎 RLC has witnessed significant developments in the market. Currently, RLC is facing strong resistance in the market. Just a few days ago, RLC attempted to break through this resistance but faced a hard rejection, causing the price to retest the support area.
💎 Now, RLC is once again attempting to break through this formidable resistance level. If this attempt succeeds, it could trigger a bullish momentum, leading to a significant upward movement in price and probability reaching our target at the bearish OB area.
💎 However, if RLC fails once more to break through the resistance and displays bearish rejection candles similar to what occurred previously, there is potential for the price to retreat back to the support level around 1.85 to gather momentum for another attempt.
💎 The support area is of utmost importance, and a bounce from this level is necessary. If RLC is unable to sustain its position above the support, indicating a breakdown of support, it could lead to a shift back to a downward movement, potentially revisiting the demand area or even going further down.
RLC - An Unconventional Trade Opportunity - For Brave-hearted #RLCUSDT Analysis
Description
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+ RLC is presently consolidating near the resistance zone, displaying a consolidation pattern akin to its previous two consolidations.
+ Although this pattern may seem unconventional for trading, I maintain optimism regarding RLC's potential to adhere to this pattern and progress towards the next target.
+ Should this pattern persist, I intend to enter a long trade with a target set around 5.762. + Consider following this trade if you're willing to assume some risk in pursuit of substantial profits.
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VectorAlgo Trade Details
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Entry Price: 3.870
Stop Loss: 3.383
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Target 1: 4.191
Target 2: 4.490
Target 3: 4.996
Target 4: 5.762
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-15x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
RLC - Descending Channel Tightening I just longed GETTEX:RLC with a tight stop loss (%2) I just like the way it is shaping up in this tight channel and with the altcoin market showing strength today this one has been lagging.
Looks good for a push to fill in the inefficiency above.
May just dump and hit my stop overnight, but worth the risk imo.
Trade safely, use stops.
$RLC Poised for a 71% Rally in the Upcoming Week or Twoweekly chart is looking very bullish, another 71% upside here is almost guaranteed at this point,
ultimately, it runs higher to new all time highs, but market dynamics have to play out first.
weekly volume isn't even that high compared to the volumes seen in summer 2022.
RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023Logarithm. Time frame 1 day. Secondary trend.
Working with a wedge . Breakout, pullback after breakout. Showed percentages, two targets in succession and two options if the breakout will be now or after another decline when forming a wedge from key support zones. Stop loss on such coins before reversals is usually knocked out. Its length does not matter (large slippage due to liquidity) The chart earlier is a witness to it.
If you are working from the average buy/sell price , then put the average price between the two zones in your risk management, it is more rational. Hope for the best, but expect the worst. As a rule, breakouts on similar cryptocurrencies of such liquidity take place in impulses by a significant percentage. Take profits and forget it, move on to another similar coin before the breakout. Pump/dump coin is not for accumulation.
Low and medium liquid alts. Try to take the momentum, that is, the first movements of the trend reversal (breakout of the wedge), do not emphasize the instrument (crypto coin), it is all conditionally crypto garbage. Use the given time, don't use high leverage + protect profits if they are substantial. There is no real shock capitulation yet, whether they will do it or not is another question.... But always more yes than no.
🧠 Mani and risk management. .
In any case, always follow mani management, less margin, more spot. Limit potential risks, especially on HYIP garbage, observe adequate risk management especially when working locally, no matter you are working with stop loss or from average buy/sell price. Risks are calculated in advance, not post facto. Set adequate targets as for a local trend, without hamster x's (i.e. maximum channel range or a little more than the average price of targets (according to TA) of the wedge.
Line chart.
✴️ Easy 80% Bullish Jump Confirmed | iExec RLCWe have a strong chart with many great signals pointing to a nice jump, it can happen fast as soon as confirmation comes in.
➖ iExec RLC produced a higher low in August 2023 vs June 2022, a long-term higher low.
➖ This is the fifth session to close bullish (green). 5 weeks straight.
➖ Volume is rising and this week marks the first bullish close above EMA50 since January 2023.
➖ These signals are supported by a strong RSI.
👉 We can see 80% growth fast and easy , this is no big deal. With more possible long-term.
This is not financial advice.
Remember to do your own research and planning because the charts can always change.
Thank you for reading.
And thanks a lot for your continued support.
You are appreciated.
Thanks for the follow. 👑
Namaste.