iExec RLC (RLCBTC) has grown by 420%+ since early May.
Incredibly enough this chart above tells us that additional growth is still possible.
Let's have a look at some of the signals coming from this chart:
RLCBTC Is growing massively and we can see higher and higher volume bars being printed each week.
We have a new peak compared to Nov. 2019.
The March 2019 peak is about to be challenged as well. We are seeing many altcoins breaking to new heights.
Prices are trading above EMA100 on the weekly timeframe.
This is the long-term chart that shows a bullish RSI and the MACD.
The MACD shows plenty of room still left available for more growth.
The blue dashed line on the chart can now be considered a strong support.
Above this level, RLCBTC can continue to grow.
Below it, we can see a retrace.
All the signals are bullish so there is no reason for a retrace to take place now.
Remember that charts are always changing... What we see today can be different tomorrow, so make sure to have a trading strategy/plan before entering any trades.
Hundreds (100s) of opportunities like this will develop in the coming weeks and months... The altcoins market is growing as we predicted day after day, week after week, month after month.
We kept on saying... "This is only the beginning... There will be so much more".
There is still room left for so much more for the altcoins market in general and even for this pair.
But if you looking to trade for profits, it is better to look for those that are sitting low around support rather than the ones that are higher up.
Here is my previous chart for this pair shared May 9 with 320%+:
I was needing this chart of yours, thanks for share! They are going to realese v5 tech this 31, would like to see another pump, but, we'll see
hugujunior
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Hi Allan,
Thanks for the update. I'm pretty disconcerted here. I bought well, in the range of 3900 sats, and sold 75% in 7200 thinking it was great ... when I realized that I was going to keep going up I couldn't find any reentry points. I sold my last 25% at 13800 and the rocket don't stop to fly man! What do you honestly think is any chance of a re-entry point? Which range should I get 11000 sats, 12000? Anyway, thanks for the amazing work!
AlanSantana
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@hugujunior, I would say... Take your profits, be grateful, and move on.
We sold at 0.00016700... Left about 40% behind for higher prices.
If it continues going much higher, I would just be happy with my profits and move to another opportunity/trade.
Looking to buy into the rally... What would you do if it suddenly stops and starts to retrace?
Lose money of course.
Take the win and move on.
That's my take.
Namaste.
hugujunior
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@alanmasters, I was in need of a sincere opinion, took a ton of weight off my back. Thank you very much for your attention!