RLCBTC is a new coin that has very, very recently been listed on Binance. As of now, it seems to have formed a descending channel to consolidate after its recent breakout, which is excellent for trading the highs and lows. Depending on how long the channel lasts, this can result in >40% profit in one swing, due to the decreasing trend and nature of the current volatility. Let's see if it lasts that long. It also has potential to form into a bullish flag, should it break upwards - I will publish a separate analysis, should it happen. As always, trade with care.
If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated!
BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM
ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.