A currency #RLC has witnessed a strong rise in the previous months and is now in the process of correcting the wave, which reached 560%
We expect from this region to take the price up again
Do not hurry to buy, the price may go down to good places
Do not risk a large amount of your money
Please share your opinion in the comments box and do not forget to press...
RLC is expected to form a cup and handle formation here as RLC hits the previous local support from the past years. RLC has seen a significant retrace and is expected to bounce from here to the 200 MA with an entry zone of 4200-5200 sats. It seems the reversal has already started therefore the chance of the lower end of the entry zone, near the 200 MA, will not...
Looking at the bigger picture of RLC, this is technically bullish as long as the price can hold the 200 Day MA in the coming weeks.
But RLC's number 1 enemy right now is the downward trend-line resistance
which keeps the price respecting it from the peak High 10k sats area.
If RLC breaks this trend-line, form a new Higher Low and consolidate within the...
Price action of iExec RLC / Bitcoin has formed a bullish Shark and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00006448 to 0.00006137
Sell between: 0.00006712 to 0.00007328
Atif Akbar (moon333)
The priceline of iExec / Bitcoin Cryptocurrency is moving within a pennant and hits at pennant's support after Aug 2018.
The price action has found a strong support at 0.00003080 sats and strong resistance at 0.00012261 sats.
Now the candle sticks are hitting the 0.00003080 support and after hitting at support the MACD has turned weak bearish from strong...
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...
Forget to publish the chart...
-In 4h the little wedge is also broken.
-Volume seems to increase.
-Falling wedge is now out depending on Fib retracement.
-In the long term, weekly and yearly, you can see that it made the dip and even started to go UP.
Target points are 470(%45) and 600(%85).
Prediction is prediction.
PATIENCE and TAKING PROFIT are the keys...
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.