RLCUSD Successful Breakout 4x potential Minimum
Hi Guys,
RLC Looks ready to explode as breakout in progress with nice bullish Engulfing candle.
It has been range bound for 736 days and then the first breakout happened on 5th July 2020
Then market lost momentum and came back to retest the range Support on November 2020 and then on January 2020 around .70 cents region and
created a double bottom there. Then RLC went up to retest of previous August highs at $2. Then it broke the 2 dollar mark and retested it successfully twice and
afterwards it formed a bullish Engulfing.
Expecting the prices to go to 10 dollars first and then 15 dollars.
Macd Also crossed bullish on 3day chart.
Some bearish divergence on RSI though, but we will go with the price action.
Successful Continuation of break and retest trend in progress and we expect it to go much higher
THanks
Enjoy your day
Take care
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RLC Looks ready to explode as breakout in progress with nice bullish Engulfing candle.
It has been range bound for 736 days and then the first breakout happened on 5th July 2020
Then market lost momentum and came back to retest the range Support on November 2020 and then on January 2020 around .70 cents region and
created a double bottom there. Then RLC went up to retest of previous August highs at $2. Then it broke the 2 dollar mark and retested it successfully twice and
afterwards it formed a bullish Engulfing.
Expecting the prices to go to 10 dollars first and then 15 dollars.
Macd Also crossed bullish on 3day chart.
Some bearish divergence on RSI though, but we will go with the price action.
Successful Continuation of break and retest trend in progress and we expect it to go much higher
THanks
Enjoy your day
Take care
Please like and subscribe for more analysis
Comment:
well so far It got the momentum it needed and touched 7.50 thats some descent profits