A little RLC can go a long way IExec RLC/BTC
I spent yesterday evening looking for tokens/coins that have outperformed or kept on par with their BTC valuations.
The obvious ones are MATIC and ETH but I'm looking for other smaller hidden opportunities in the charts.
I cam upon RLC, and it might be worth keeping an eye on this. Neutral for now but its coiling.
- Forming Pennant
- High volume increase from May 2022 - Feb 2023
- Volume lower now but still generally significantly up since this time last year.
- During the same period up 150%+ against BTC
- low cap 197 rank coin by market cap (High risk)
- No longer above the 10 or 12 SMA. this would be ideal as it tends to ride higher off it.
- The USD pair is technically in a churning uptrend.
IMPORTANT: I used HITBTC Exchange as it highlights or emphasizes the volume increase. On Binance the volume is still pressing gradually up and the that chart i not as stark. HITBTC Exchange is one of the older exchanges where new coins where born.
Buys
- Bottom of pennant channel (or slightly under)
- If we get above 10 day SMA.
In the last bull run in 2020/21 I made a killing on this coin from $0.50 to $8.
At the time the coin had a lot of promise. It had partnered with IBM, Intel, Ubisoft and Nvidia.
At present they are working on an AI offering and this could see the AI promise in the crypto space.
But we focus on the chart, the price tells us everything. That's the main indication here. Price over everything.
A little background can give the token distinction for memories sake.
Lets keep an eye on this one.
PUKA
