Jnsane

RLCBTC iEXEC algo target

Long
Jnsane Updated   
BINANCE:RLCBTC   iExec RLC / Bitcoin
RLC iEXEC

- RSI bullish hidden divergence on all TF's
- Double bottom (bottom)
- Previous fib algo target reached, now moving up
- Perfect pitchfork
- Broke this little wedge / flag or trying

Risk:
- Inside bearish pitchfork near top channel (last resistance of pitchfork) - here you have your first take profit zone - bottom box - 0.382 fib.

How you could trade this one?

1) Enter between 539 and 550 SATS with stop-loss below last lower high.
2) Wait for confirmation break the of the flag (not bold line on top of price)
3) Wait to cross and find support on 0.236 or break of the pitchfork.

Take profit zones are rectangular boxes.
Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.