BINANCE:RLCUSDT
Hello everyone 😃
RLC is moving into a bearish rising wedge.
Now MACD and Volatility are at their limits and they are being bearish.
Also Wedge higher line is near, so it will rejects any continuation for bulls...
MA 200 is located 1.9$ and it's reaching 2.1$'s support zone,
How ever MACD it's trying to support it's lower limit !
📌 2.1$...
Preconditions:
- Bullish trend locally.
- globally bullish trend.
- accumulation before the breakout.
- R/R - 1/9
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Perfect bear wedge.
This structure indicates a bear market.
Strong historical level.
Testing the level a few months later.
I expect to see an imbalance in this area.
The zone of profit taking.
