$RLC/BTC 2D (Binance Spot) Descending wedge breakout
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
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
Trade active:
All entries filled
iExecRLC dipped and is heading towards 200MA (purple) retest where it would very likely bounce, let's be patient!
iExecRLC dipped and is heading towards 200MA (purple) retest where it would very likely bounce, let's be patient!
Comment:
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₿
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₿
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!