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TA-wise, big picture is still hard to...
iEx broke the downtrend-line and bounced after retesting the support at this line.
I expect a retest of upper resistance at the 50% fib retracement level, then a pullback to the lower support line.
RSI crossed and showing upwards
MACD crossed and showing upwards
Volume catched up during the pump
market closed inside Bollinder Bands before pump and now...
So, generally my idea is that RLCBTC price will correct soon for 15%-20% in 1 week approximately, if not it will go lower to 7700 level. Pay attention to RSI indicator, it touched lower border, which is good signal to buy it.
Blue lines: Resistant lines
Red lines: Support lines
Green lines: Trend lines
Comment:
After touching support line of the channel, it bounce up very quickly and reached the resistance line several times.
This time I expect similar movement in the channel as well.
Good luck.
