Hello, dear TradingView members.
This idea is an RLC analysis.
RLC just pumped more than 30% and got rejected by the upper Bollinger Band.
The rejection wasn't that powerful that's why it's still moving in the short-term ascending channel and we might see a retest any hour now.
There are two support levels on the chart holding the price up, and two resistance levels pushing down on value.
There are two possible scenarios.
Scenario One:
The price will gather more buy volume and after moving near the support level it will pump to the potential target zone.
Scenario Two:
The price will lose strength. Then it will be rejected by the resistance level, and fall on support.
The Speedometer indicator shows Buy volumes on the market for RLC on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is an RLC analysis.
RLC just pumped more than 30% and got rejected by the upper Bollinger Band.
The rejection wasn't that powerful that's why it's still moving in the short-term ascending channel and we might see a retest any hour now.
There are two support levels on the chart holding the price up, and two resistance levels pushing down on value.
There are two possible scenarios.
Scenario One:
The price will gather more buy volume and after moving near the support level it will pump to the potential target zone.
Scenario Two:
The price will lose strength. Then it will be rejected by the resistance level, and fall on support.
The Speedometer indicator shows Buy volumes on the market for RLC on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
