A_Cryptastic_Mind

RLCBTC - Break-out moment of truth (>+100% potential)

BITFINEX:RLCBTC   iExec / Bitcoin
On @Alexander_AG 's request, quick post about RLCBTC:

--> Classic triangle formation. Up or out. Bulls are in favour here. We are in a downward trend channel, close to be broken.
--> Bullish cross in the MACD
--> You can see what happened at previous bullish crosses (very positive signals) and at death crosses.
--> Bullish "SMI" typically a little bit before the break-out.
--> Note that this is a stock with considerable pumping & dumping, likely due to the low market cap (see the outliers, there are a lot :-) )
-->CCI oversold, trend upward ( bullish )

--> Divergence in Cumulative volume index versus price ( bullish here)



Seems like a trade with the bulls in favour of your odds. Definitely 100%+ potential if break-out upwards, given history of this crypto. Trade wisely, use stop losses if necessary.


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DYOR – this is not investment advice :-)
Many thanks for TA.
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