RLC/USDT gave a good demonstration of what is to come.
It recently broke the bearish wedge going just below the 0.78% Fibonacci retracement level. After this movement, it is now showing signs that the buying zone will return hobbled on the chart to make new highs.
The profit potential is plotted on the chart.
This is just my idea, not financial advice.
NOTE: NOT A FINANCIAL ADVICE TO BUY/LONG or SELL/SHORT
Previous Analysis on related ideas.
There is a bearish divergence while moving average is acting as resistance.
In the Chart
Possible downtrend breakout.
Possible bullish diversion on MACD 4H.
Possible inverted head and shoulders.
Strong support level respected.
RLC had a lot of good news recently and it is indeed a very interesting project long term.
Play safe, and remember to check BTCUSDT and BTC .D before book your positions.
If BTC doesn't behave or the strong support line...
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