RLC is an Ethereum token (web3 crypto) of IExec, specialized in cloud computing. In the roadmap of the company, they intend to announce "RLC Learn & Earn" program in 2023. Will it be a new hype after "Play & Earn" with AXS, "Run & Earn" with (STEPN) GMT? Let wait until then... But at the moment, RLC seems to make a big move the next days.
RLC's prices have been consolidating in a diamond pattern for almost 4 months. A breakout is expected to be very soon. RSI is also at the breaking point. An upside rally would be favored (indeed the pattern looks like a diamond bottom one), but let's play safe and wait until confirmed breakout to enter.
* Tommorow, markets would have high volatility with the PCE report on inflation in the US.
RLC's prices have been consolidating in a diamond pattern for almost 4 months. A breakout is expected to be very soon. RSI is also at the breaking point. An upside rally would be favored (indeed the pattern looks like a diamond bottom one), but let's play safe and wait until confirmed breakout to enter.
* Tommorow, markets would have high volatility with the PCE report on inflation in the US.
Comment:
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Comment:
RLC broke out toward the upside. We need more volume the next day.
Trade closed manually:
One should wait for a better entry. RLC has not gained momentum after breakout.
Comment:
RLC broke down. The destination toward the lower target is more likely to happen.
