iExecRLC (RLCBTC), for which we shared a chart recently, is trading above a bullish triangle. This pattern can produce a breakout that generates up to 25% profits or more.
The RSI is bullish sitting at 60.55.
The MACD is on the bullish zone with the histogram going in favor of the bulls.
RLCBTC is currently trading above EMA5, EMA10, and EMA50.
iExecRLC hit oversold recently on the RSI after hitting a new all-time low on Binance.
We are also looking at bullish divergence on both the MACD and RSI... Here is the long-term chart where you can spot the divergence:
Looking at iExecRLC (RLCBTC) short-term, daily time frame, we can see a volume breakout; we are looking...
RLC has high chance of breaking out strong resistance of last month, facing first Fib. local resistance.
TRIX + MA/TRIX indicator (see link below) pointed out good trend for RLC, strengthen bullish sign.
On overall RLC is good to invest for short-term profit (this week).
Details are as shown in chart.
Commodity : iEXECRLC
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 3% of the total Trading Balance.
- RSI bullish hidden divergence on all TF's
- Double bottom (bottom)
- Previous fib algo target reached, now moving up
- Perfect pitchfork
- Broke this little wedge / flag or trying
- Inside bearish pitchfork near top channel (last resistance of pitchfork) - here you have your first take profit zone - bottom box - 0.382 fib.
How you could trade...
Since April, iExec RLC has been steadily moving upwards and gained 180% against the Bitcoin in just 6 weeks. Price went from 1k satoshis up to the 3.2k satoshis high, where it formed a double top.
Nevertheless trend remains bullish and RLC/BTC continues to reject the uptrend trendline and the 50 Moving Average, while producing higher highs and higher lows. On...
Our "Crypto Bottom" Signal has correctly identified a buy in point on the 16th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 58.45% PROFIT!!! in 24 HOURS
The increase in price may also be explained by positive developments including:
March 28: iExec is featured in Forbes.
April 6: iExec...