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Long

RLC ANALYSIS (LONG OPPORTUNITY TO FILL THE HANDLE!)

BINANCE:RLCBTC   iExec RLC / Bitcoin
RLC is expected to form a cup and handle formation here as RLC hits the previous local support from the past years. RLC has seen a significant retrace and is expected to bounce from here to the 200 MA with an entry zone of 4200-5200 sats . It seems the reversal has already started therefore the chance of the lower end of the entry zone, near the 200 MA, will not likely be hit. I expect a rise to 100 MA at 6000 sats . Followed by 50 MA at 6990 sats . The handle will completely form after T3 and T4 successfully fill topping out at over 9000 sats . As long as BTC dominance doesn’t eat up the market, this setup is prime for long term success! Any stop loss should be set below the 200 MA as this invalidates the formation.

Possible Entries: 4200-5200 sats
Feb 04
Trade closed: target reached: WIN!
RLC/BTC Hit Target 1!

+20.00% Profit!
Feb 04
Trade closed: target reached: WIN!
RLC/BTC Hit Target 2!

+39.80% Profit!

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