Cryptor07
Short

iExec at the top of its speculative hype without foundations

BINANCE:RLCUSD   iExecRLC / US Dollar (calculated by TradingView)
French-Chinese company created in October 2016 with deployment of their RLC token in April 2017,
which proposes to extend the reduced capacity of Ethereum for the decentralized Cloud.

The different types of actors in this marketplace, namely applications, servers, datasets, are supposed to value their resources in RLC , that is to say, to gain RLC as a server provider, by processing the data to be processed.

In short, all the paraphernalia of more or less vague concepts regularly encountered in altcoins of this type, alongside Dapp, sidechain, servers-radiators at home etc.

As always in the field, nothing is too good to attract the barge with obviously the highlight of the show, the partners: Intel (understand that they use Intel processors, sic!), Microsoft (understand that they use MicroSoft licenses, re-sic!) and even, explaining the latest pump of hype: our french electricity supplier, EDF ("Electricité De France")... oddly not informed in their list of official partners on their website, unlike Intel and MicroSoft .

In short, as a French company, understand that they use electricity from EDF (re-re-sic!).

Because of course, this type of so-called partnership was mentioned in May 2019 on many articles copied and pasted on each other, on all the "newspapers" dedicated to the blockchain... partnership announced everywhere in the small cryptosphere, except at the principal concerned, EDF . Comical? we are used.

You will understand, therefore, that despite the current hype among "moonboys" as they are affectionately called at the top of the current Pump & Dump, the iExec chart is moribund.

In my opinion, we are obviously in a descending triangle of continuation of the bear market, easy to trace with the logarithmic scale necessary to appreciate this long-term time scale.

RLC is apparently close to the top of the last hype of speculative hype, encountering now or very soon its bearish long term, resistance that it would be difficult to cross with fundamentals as ... absent.

So I can see an extremely strong next dump with a target calculated on the break of the historical support of the descending triangle , as drawn on my chart.

DISCLAIMER: This is not trading advice, you are solely responsible for your actions.
Invest only what you can afford to lose, and only what you really understand.
Oct 29
Comment: Here is an example of partner officially announced by iExec,
whose concept of partnership is completely overrated: I named INTEL!

The reality is that the iExec team is content to implement the INTEL SGX solution:
https://medium.com/iex-ec/iexec-end-to-e...

For their part, INTEL is careful not to mention iExec as a customer of this solution, but INTEL obviously quotes ETHEREUM with the Enterprise Ethereum Alliance:
https://www.intel.com/content/www/us/en/...
Oct 29
Comment: In short, simply create a Ethereum-based token, apply it INTEL SGX designated for, in a few weeks of coding / parameterization by one or two analyst-programmers, and you have become "INTEL partner" with a new "promising and innovative token "! Amazing!

If you really want to invest in companies that create innovation, invest in the shares of INTEL or IBM. The latter, for example, having created or taken over a whole area of IT innovation for more than a century (yes, already at the beginnings of IT)... punch cards, Fortran, PC, hard disk, AS/400 servers (iSeries) etc. until today with their blockchain "IBM Food Trust", which is the only one to have real applications (in France, Carrefour uses it concretely since September). This is concrete, real added value, true technological wealth! And yet I have no actions, but against have my feet on the ground and the technophile bluff of shitcoins does absolutely not impress me.
Dec 06
Comment: Note that this pump started exactly on September 17th, the day when the crypto specialized "newspapers" relayed "copied and pasted" the news of the version V4 of iExec.

Pump certainly maintained by the announcement of the participation of iExec in the "Blockchain and the City Challenge" co-organized by EDF, where I remember as usual that, even if proven useful skills of iExec at the service of EDF, it has no correlation - if not the passing speculation in Pump & Dump - with the value of their token RLC!

In short, when you buy RLC, you do not buy shares with dividends at iExec !! Only the iExec team is remunerated by the possible contracts with EDF, like any subcontractor, not you, dear speculators of utility tokens!

Like what basic speculation still manages to work with some altcoins like RLC, but do not forget the saying hundreds of times checked on the altcoins: "buy the rumor, sell the news"!

I am nevertheless surprised that EDF has no qualms about directly serving the promotion of speculation on the RLC (including students from "INSA Lyon"). This will sooner or later turn against EDF and be blamed, the confusion between corporate actions and cryptocurrencies fooled only an extremely naive fringe of the world population, but maintain this naivety and loss of money induced by these speculators seems to be the least of EDF's concerns! Image deplorable for our dear country, from a company owned 80% by the French State :(
Dec 06
Comment: The red wick @ $ 0.50 announces it seems "the beginning of the end" of this speculative hype with a retracement sub 61.8%.
This is often a first sign of loss of confidence on the part of speculators.

Announcement of version V4 already integrated.

Get ready to see the Dump phase come alive like the previous Pump & Dump of May 2019.

My 1st bearish target is $ 0.16 !
Thanks for this objective analysis. May I ask you what do you think about Chainlink pls? Thanks
Reply
RLC holding up rather nicely it seems...

Any updates from your part? Or do you still see a price target of 0.03$ in the following months?

Are you aware that they will deliver there fully operational version (v4) on december 13 (as allways, ahead of shedule)?

Greetings and good luck!
Reply
@svenso, Yes of course I know it for the "V4", and as always with the news, it has already been bought by the last pump (*) and will be sold according to the usual saying verified thousands of times on crypto: "buy the rumor , sell the news ". So do not make my readers buy this empty shell on my own page please! ;)

(*) NOTE THAT THE PUMP STARTED ON SEPTEMBER 17, EXACTLY ON THE DAY WHERE NEWS OF THE V4 WAS RELAYED BY THE "CRYPTOS-NEWSPAPERS" (who relayed the extremely dubious partnership with "Electricité de France" without checking anything)... I hope that you don't want us to do buy the result of this ridicular speculation ? ;)

Good luck too, thank you!
+1 Reply
Thank you!
+1 Reply
Nice Trade Set Up!
+1 Reply
Nice Trade Set Up there !
+1 Reply
epancis12 AzizKhanZamani
@AzizKhanZamani, he was short not long lol
Reply
Cryptor07 epancis12
@epancis12, and I intend to remain so, bearish !
Reply
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