janwatson

iExec breaking out. Big pump possible

Long
BINANCE:RLCBTC   iExec RLC / Bitcoin
Currently RLCBTC is gaining a lot of momentum.

SMA 100
RLCBTC has tested the 100 SMA quite extensively over the last month. After it broke out downward of the Ichimoku cloud beginning of september we were negative on the performance of iExec. But the SMA 100 was succesfully tested.

Potential MACD crossover coming up
A bullish crossover occurs when the MACD turns up and crosses above the signal line. The Blue Line is now at equilibium and when it crosses the orange line iExec will gain a lot of momentum.

The Kijun Sen
The Kijun Sen (blue line) gives a bullish signal since it is now trading above it.

All and all the signals are looking good but RLCBTC first has to conquer the bottom of the Ichimoku cloud before it can go to its old highs.

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