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iExec RLC / TetherUS

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RLCUSDT trade ideas

Overbought with Potential Support and Resistance LevelsLooking at the chart for RLC, we can see that the current price is at 1.973, with a 4-hour timeframe. The RSI is showing a value of 77, indicating that the coin is overbought at the moment. Looking at the Fibonacci levels, we can see that the 0.5 Fibonacci level is at 1.606, while the 1 Fibonacci level is at 1.657. These levels could act as potential support levels if the price were to fall. On the other hand, the upper Bollinger band is at 1.982, indicating a possible resistance level if the price continues to rise. The lower Bollinger band is at 1.422, which could serve as a solid support level if the price were to drop significantly. The middle Bollinger band is currently at 1.703, and it may also act as a support level in the future. Looking at the volume oscillator, we can see that it is currently at 13%, which is not too high but not too low either. The MACD is showing a value of 0.094, which is a positive sign. The stochastic oscillator is quite high at 95, indicating that the coin is in overbought territory. The hourly EMA 50 is at 1.666, which may act as a support level if the price were to fall. The On-Balance Volume (OBV) is currently at 247.766M, which is a good sign and indicates that the volume is increasing as the price rises. Based on the chart analysis, we can identify some key support and resistance levels. The 0.5 Fibonacci level at 1.606 could act as a solid support level if the price were to drop. The lower Bollinger band at 1.422 could also serve as a strong support level. On the resistance side, the upper Bollinger band at 1.982 may act as a solid resistance level if the price continues to rise. Additionally, the 1 Fibonacci level at 1.657 could also serve as a potential resistance level. Overall, the indicators suggest that the coin is currently overbought and may see a correction in the near future. However, the increasing volume and positive MACD are encouraging signs for the long-term trend of the coin.
by MonoCoinSignal
4
RLCUSDT needs to hold the support!RLCUSDT is testing a crucial support level after experiencing a clear rejection from the $2.3 area, which is the weekly resistance level for the market. If the price of RLCUSDT fails to hold this support level, it may likely retest it as a new resistance level according to Plancton's Rules, which is a technical analysis approach used in trading. In such a scenario, it may be a signal for short-term traders to initiate new short positions. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
RLC/USDT possible "Double Bottom" Hey guys 👋 RLC coin has a nice formation where we see a potential of "double bottom" to be formed here. main confirmation is still breaking that neckline zone but until that there is a hight probability of reaching it! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
14
✴️ iExec RLC (Update by request)This is a reply to @kush23456 in the comments section, this might be useful to others that follow RLCUSDT. It looks quite ready to move forward. First, here is RLCUSDT weekly: - Last week it moved above EMA50 and this week EMA100 and EMA10. - This is happening after 5 weeks of correction and within a higher low. - These are strong reversal signals but the week is still young. On the daily timeframe you get many more confirmations: - The high volume yesterday confirms the bullish action that is present in the past 11 days. - The correction low closed in a hammer and Doji and then strong up. - There is also a V shaped recovery pattern. This is a mixture of recovery signals followed by multiple confirmations. It is already growing and set to move higher. At this point one would look for an invalidation point since the bulls already confirmed having the upper hand. If RLCUSDT moves and closes daily below EMA300 (1.536) you can say the bullish momentum weakens but still there. If it moves below MA200 ($1.36) more weakness but the bullish bias remains intact. As long as it stays above the 10-March low, the potential is 100% up. We should see additional growth based on the current chart. I hope that helps. Namaste.
Long
by MasterAnanda
3