RLC / BTC Secondary trend. Double bottom.

The local downtrend breaks down. A double bottom is formed with a base of about 100%.
With a high degree of probability, the pumping will be an order of magnitude more than the previous one, provided the altseason continues.

This coin in coinmarketcap: iExec RLC

This coin is not a scam. The real work is done with very well-known brands of the "material world". If all the cards are revealed, then the price with a stream of news without FUD tales can be made by anyone. Dark Horse Coin as DOGE. I did not place this coin in group 2 according to my rating, as there are doubts about its "survival" in the long term due to competition in similar industries from the side of "material hegemons"

Past trading ideas for this coin and the result

RLC/BTC. Downward price channel. Bull Bat. Double bottom. Pump

+474%

RLC / BTC Falling Wedge. Local work

+357%

Comment:

+ 75% Pay attention to this trading pair, the trading situation is the same as in VET before the "shot" (exit from the accumulation channel). Now the price is in a local uptrend in the resistance zone of the accumulation channel. Soon the denouement.

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+ 55% from the breakout zone exactly to the specified local price resistance level. From the reversal zone + 144.41% Large buyer volume. Exit from accumulation. Coinbase Pro Trading News.

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+ 216%, + 72% From the breakthrough of the resistance of the accumulation channel. Judging by the comparison of the accumulation of the past and the present, this time the pumping will be very serious.

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+316% after ..... minutes an impulse started by 64.53% to the values of 0.00013651 Probably, according to the plan, some news should come out. But know this news is not "heavy artillery"

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+ 773% maximum value of the impulse (to the resistance of the big cup) or + 470% of the level reversal zone (marked in green). Large customer volume. Against the background of a local correction (at the moment) of the market, this pumping is held (including due to the cunning of exchanges) Important resistance zone 28500

Comment:

The chart shows the main trend of the RLC coin. 3 days ago) big pumping started. With an accumulation of more than + 700%. I specifically showed the 1 week timeframe to show the price in the main trend. The project is not a scam. In due time, work on cooperation at the state level will be announced. Fixing the price above the resistance of the cup will give potential for new heights not yet captured by the given price chart. Potential pullback zones if there is no price fixation above the resistance of the 28500 zone (yellow price resistance level) are shown on the chart.

I will add on my own. An ordinary trader of the "hamster level" with such pumping should not buy, but sell, regardless of where the price will go next.

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A local downtrend channel has formed between the two indicated level zones in the trend, which can act as a "canvas" of an upward pennant with a "flagpole" 240%

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the price has reached the specified price value of the channel support level, + 30% from it. At the moment, the price is at the resistance of the downtrend. An important point.

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After the impulse, the pullback to the previous values. The price is held by clamping orders on both sides. Reaching the position from the profit. The downtrend has turned into a sideways trend. The move is 50%. It is still possible to try one more time to sell to the dynamic support (arc) of the cup, if the market will allow, the overall picture of the chart will not be negatively affected, but it is a probability under the situation is not more.

Comment:

Comment:

Pair to BTC +45% from the wedge breakout. The price is in a local uptrend (channel). Important resistance 0.00011 (local cup).

Comment:

Local work. Further development of the price movement in the sideways 45%. Resistance 0.00011 was not overcome, the price at the moment rolled back to the zone of the level 0.00009 (the middle part of the accumulation channel).

Negative local scenario.
From it the formation of the descending flag and the impulse to the lower part of the channel or even lower (squeeze) to the dynamic support of the large cup (yellow). Further growth of the price for the beginning to the resistance of the channel.

Positive local scenario.
Fixing of the price above the level of 0.0009 and ascending movement for the beginning to the resistance of the given channel. Thereby "an inverted head and shoulders" will be formed and it is quite possible if it will be rational (general situation in the market) the exit from the sidewall.

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