RLCUSDT is currently hovering around a significant support area, and the recent price action indicates that this support level has been respected. This could potentially signal a reversal in the price direction, particularly if the support continues to hold strong. As a result, we identify a compelling buying opportunity in RLCUSDT, with a potential growth...
💎 Very soon, we might witness a strong growth opportunity for #RLCUSDT, especially after a clean bounce off the support. A few weeks back, #RLC demonstrated a remarkable bounce off multiple support indicators, including the uptrend trendline, 23.6% Fibonacci support, and Volume Profile. This highlights the immense strength of the $1.00 psychological demand level,...
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RLC symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Considering that we are in the mid-line of the channel, if I want to buy in the medium term, the first three lines are for the buying range, and if I want to check the long-term, the last three lines are green. The first is the roof of the channel and the next stage is the red lines
💎 RLC/USDT exhibiting a falling wedge pattern on the price chart which indicates a period of consolidation before a potential upward breakout. 💎 One key aspect of the falling wedge pattern is the presence of a strong support level. The price of RLC has consistently found support near a specific price point, which has prevented further downward movement. 💎 If the...
Two Double Tops are evident on chart I expect the breakdown to continue to this upper trend line which is shown with the bars pattern tool. From there we could see a recovery.
Price Retesting a good level and Trendline. I have longed here for a scalp will add littile more at 1.61 stops at 1.59. Note: Not a financial advice. Follow me here as i am now posting more often here on Tradingview.
Let's turn our attention to RLC, which is currently showing positive momentum. Over the past 24 hours, RLC has increased by 7% and is currently priced at $1.668, showing a strong bullish sentiment. The key resistance levels to watch out for are the 24-hour high of $1.758 and the upper Bollinger Band of $1.674, which the price is brushing against. These levels...
with the current price the bias of a w(DOUBLE BOTTOM ) is playing out well but there is no volume on my OBV. so taking some profit and allowing the market to still run because another W PATTERN HAS FORMED AND ITS ON ITS LAST LEG
I expect the support of the green dot and box for high numbers
This is an update to a previous post. RLC / BTC saw a strong reaction, bouncing hard off the neckline of the inverted head and shoulders on its 2nd re-test attempt. The 1st attempt nearly failed but also reacted strongly. Now we're forming a parallel uptrend as it works its way to the TP 1 of the HSi. Reaching TP 1 would confirm a breakout of that as well and...
Daily Inverted HS with a TP 2 near 11 dollars Weekly Wedge or Double-Bottom with more conservative TP 1 and 2. See related BTC pair chart linked below, which supports more aggressive targets for the USD pair here.
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Looking at the chart for RLC, we can see that the current price is at 1.973, with a 4-hour timeframe. The RSI is showing a value of 77, indicating that the coin is overbought at the moment. Looking at the Fibonacci levels, we can see that the 0.5 Fibonacci level is at 1.606, while the 1 Fibonacci level is at 1.657. These levels could act as potential support...
With the double bottom playing out and the RSI giving a divergence move and the Neckline has broken with a nice retest we are confirmed to hit the upper part of the down trend
If we successfully remain above the neckline, we should go for the weekly's inverted HS pattern targets at 1064 and 1490. We nearly hit 1064 on the first move up after crossing the neckline, and then nearly lost the neckline after closing below it briefly. There is also a golden cross on the 50/200 day EMA and this is our 2nd time approaching a cross back in...
Simple weekly chart here, RLC broke out of a falling wedge earlier in the year, with targets around 4.32 and 5.76. Note - Last time OBV rose to these levels we saw a spike up to 10-12 dollars. We also see golden crosses on the 50/200 day EMA and MA
Formed Bullish Pennant In h4 timeframe Incase Of breakout expecting 30 to 35% bullish Move Look For buying Opportunities After breakout