🧇RLC - Resistance ahead but the price is well supported

After getting rejected in the area of major resistance the price went down and found support in the area of confluence of many support levels: key level(4.01), 200EMA, dynamic support- bottom trendline of parallel channel (aqua) and some local levels. We can expect another breakout attempt soon.

Entry: buy between current price and 200EMA (flexible)

Targets:

--!! important notice: Targets might not be relevant because of the event that had place during the pump in April/May. RLC trading on Binance was disabled, while the price was pumping on other exchanges. Once the trading was brought back, the price skyrocketed trying to keep up with the global price ignoring previously established levels !!--

4.65
4.91
5.69
6.62
8.99
11.65
16.37

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Source: coinmarketcap
Chart PatternsiexecrlcParallel ChannelRLCUSDRLCUSDTRLCUSDTPERPTrend Analysisweb3

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