I'm sharing one of our Sell Wall Bot buy signals today.
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Sell wall buy signal for RLC was at 0.00006900
Stop loss: 0.00006210
This play looks strong. RLC had a nice bounce off the trend line. Just...
- RSI bullish hidden divergence on all TF's
- Double bottom (bottom)
- Previous fib algo target reached, now moving up
- Perfect pitchfork
- Broke this little wedge / flag or trying
- Inside bearish pitchfork near top channel (last resistance of pitchfork) - here you have your first take profit zone - bottom box - 0.382 fib.
How you could trade...
#RLC - still holding and has given a few opportunities to buy on the trend line if you've been watching. Now I am looking at a solid break and retest of 730. If that can happen then stop can go right below 730, first target 780, second 844. Conservative for this market.
(Careful of this in light of EVX's break but fail on the retest yesterday).
The price action is being dropped into buying zone of expected harmonic pattern insha Allah.
100MA is already in buying zone to support the price line.
I have defined the targets on chart plz find.
Atif Akbar (moon333)
The RLCBTC is expected to form a harmonic pattern insha Allah. The further definition whether is it gartley butterfly or shark it all depends on where it will be bounced from 100MA.
Atif Akbar (moon333)
Looking at RLCBTC 1D
Very big notch at 9600 sats that needs to be filled in
Waiting for bullish divergence to come in on histogram
Willy not yet oversold
OBV is healthy
Price sitting around the POC
Would like to see more structure in price
Setting bids at the 4680 mark
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Looking at the current price action, RLC/BTC is forming a double bottom, which so far has been rejected. This could invite buyers over the coming weeks, resulting in a correctional move upwards or even a trend reversal. Nevertheless, Moving Average has to be broken for the wave up to start, only then price could be heading towards one of the Fibonacci resistance...