#Rlc about to moon!! Wave 3 #iexec

Rlc breaking out of the falling wedge and has started another impulsive wave sequence.
Wave 1 was till 0.0002555
Wave 2 was a 50fib retrace
Now if we get a break above Wave 1 high at 0.0002555, then we can have a full 1-5 EW sequence with Targets:

Wave 3 Target: 0.000278-0.000279 (taking as 1.618fib extension of wave 1)
Wave 4 retracement till 38.2fib: 0.000260-0.000261
Wave 5 Target: 0.000295-0.000300 (taking as 1.618fib extension of wave 1)

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We didn't get a break above Wave 1 high at 0.0002555, as btc's drop after making a double top around 8500, completely derailed the wave 3 progress for #RLC

this setup is now invalidated.

Comment:

rlc updated analysis here: twitter.com/rajista0.../1000475898783514624

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