RLCETH trade ideas
RLCETH entered in Buy Zone for LongTerm SpotHi there,
RLCETH is one of the coin that I've been following for the trend channel price actions.
It seems at the bottom of the channel and located at the buy zone for spot.
This is just my idea and not a financial advise.
Please do your own analysis.
Cheers!
The RLC pair has a profit position of 10 to 15% against ETH.When the whole market is red with Bitcoin pairs or USDT and decreases! You can still make a profit in other markets!
The RLC pair has a profit position of 10 to 15% against ETH. RLCETH .
Everything is marked on the chart.
Do not forget capital management.
Do not forget to manage risk to Reward.
Good luck and profitable.
RLC/ETH REVERSAL OPPORTUNITY (REVERSE SYMMETRICAL TRIANGLE)iExec RLC / Ethereum
Technicals
Bullish Divergence on MACD Daily
Reversal on Stoch RSI Weekly
Reverse Symmetrical Triangle Pattern
5 waves compose the reverse symmetrical triangle (A-B-C-D-E).
Each of the A-B-C-D-E waves is composed of three sub-waves, so it has a 3-3-3-3-3 configuration
Break of the down trend line on USD and BTC charts
Fundamentals
Decentralised Oracles, Cloud Computing
Enterprise Marketplace Launch Q1
Collaboration and research with large industry players in the tech sector
Total Supply = 86,999,785 RLC
Circulating Supply = 80,070,793 RLC
Targets for RLC/ETH
TP1 = +-0.005
TP2 = +-0.008
TP3 = +-0.017
Will iExec (RLC) continue to rocket or call it a day?RLC seems to be breaking out on a larger scale.
If it confirms by closing above with a second channel on the weekly then I predict rlc will keep rising quite a bit.
Closing below on the second candle would be a rejection.
In the short term it looks like RLC will continue to go up, although I expect a test of the upper part of the channel at some point.
Things will be more clear as this triangle on the 15m sorts itself out.