$RLC/BTC 2D (Binance Spot) Descending wedge breakout

Nov 4, 2021

iExec RLC just regained 100EMA support and looks good for bullish continuation from here.
That DeFi token is focused on Privacy and AiBigData, they are about to launch their own NFT marketplace, more info on iex.ec

Current Price= 0.00008212
Buy Entry= 0.00008234 - 0.00007392
Take Profit= 0.00011137 | 0.00015939 | 0.00020573
Stop Loss= 0.00006147

Risk/Reward= 1:2 | 1:4.88| 1:7.66
Expected Profit= +42.54% | +104.01% | +163.32%
Possible Loss= -21.32%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 4.5 months

Nov 10, 2021

Trade active

All entries filled

iExecRLC dipped and is heading towards 200MA (purple) retest where it would very likely bounce, let's be patient!

Dec 6, 2021

Note

Back in profit

iExecRLC went down retesting 200MA as previously mentioned then bounced back.
Now it regained 50MA support and is heading towards targets, patience will pay off!

Dec 6, 2021

Note

Back in loss

First target was missed for iExecRLC with up to +27.54% then pulled back to wedge support.
Set-up remains valid but could range a bit more first, let's update SL down to 0.00005590₿