iExec RLC just regained 100EMA support and looks good for bullish continuation from here.
That DeFi token is focused on Privacy and AiBigData, they are about to launch their own NFT marketplace, more info on iex.ec
Current Price= 0.00008212
Buy Entry= 0.00008234 - 0.00007392
Take Profit= 0.00011137 | 0.00015939 | 0.00020573
RLC consolidated above the 1D EMAs and support zone . Ready for the pullback move of the downtrend at least.
Best entries: 0.00008212 - 0.00009150
Max leverage: na
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- RLC/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00009289)
- Limit entry: test of the ascending triangle's inclined support.
The price action and MACD are both tapering. RSI looks close to oversold.
OBV does not seem to show lot of selling even when the price action has been downward.
Expecting this to breakout in the coming weeks. This is a project with good fundamentals and will compete directly with the
centralized cloud compute providers. The market cap is still under $1 billion...
iExec has had amazing gains last days. Current resistance is a macro down-trend. If we break these levels, RLCBTC gets even more bullish. But this seems to be a logical place to cool down and consolidate before breaking to the upside.