The RLC / USD pair (not tradeable) is about to break out from a large falling wedge after compressing down to a key support. The slow descent with declining volume would indicate that this is about to break up with force. Either enter on break upwards of wedge or retest of the wedge trendline if being more cautious.
This needs to be traded via the BTC pair but I...
We've been tracking iExecRLC for a while now and we now that this altcoin project is solid and strong, we also know that this pair, RLCBTC, can generate some massive profits and go on long runs when it starts to move up.
We are seeing bullishness increase on the chart above (recent break above EMA50), so we want to share a trade signal wishing and hoping that you...
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.
$RLC #RLC (Update)
Falling Wedge In Daily TF..
70-100% Profit Expected In Next Few Days..
iExec has developed the first blockchain-based decentralized marketplace for trading cloud resources. It uses the blockchain to organize a market network where everyone can monetize their computing power, applications, and...
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/USD is a token with low marketcap and, so, high volatility. Try to read a clear pattern is really hard, but if you match the trade the gain could be huge!
This is not a complex example to understand, here it is :
I think that RLC USD pair is drawing a falling wedge, seems that the price is moving sideways bouncing on the 0.37 $ support, that is also the 38,2%...
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.
RLC has respected the demand zone multiple times.
RSI just crossed the 30.
A close above the 10 EMA would be an excellent confirmation. It already did on other exchanges but not yet on Binance.
This trade needs IMO 3 to 7 weeks, so patience is key. As you know the markets loves to reward patient people!
750 sat is IMO an achievable target.
SL and targets are in...
What we see on the daily chart:
- 650 seems to be the bottom so far after this big retracement
- volume coming in, buyers stepping up? Tight candles suggest there still are some sellers left, but it looks like an area where buyers might step up big time and sellers run out, but we need to keep in mind btc is still the boss here
-RLC likes to move fast , I would...