RLC/USDT { IEXECRLC } - BULLISH SETUPANALYSIS 🔎
- RLC/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00009289)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
RLC
RLC/USDT { IEXECRLC } - BULLISH SETUPANALYSIS 🔎
- RLCUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@3.9469)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
RLC > Moving in a Channel > Next Move?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of RLC.
According to my technical analysis, RLC is moving in a channel. Now, It will do a pullback then a move to the upside.
"My analysis is valid until i don't see a breakout from channel"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
RLCUSDT Triangle Formation!RLCUSDT (1H CHART) Technical Analysis Update
Triangle Breakout
RLC/USDT currently trading at $2.97
Buy-level: $2.94 - $2.96 (Wait for the small retracement)
Stop loss: Below $2.82
Target 1: $3.08
Target 2: $3.20
Target 3: $3.56
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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RLC/USDT Daily ChartBTC dump has put a end to the RLC breakout however still remains within the daily falling wedge formation.
Buying at below $5 will not be availabe for long and my suggested accumulation at these levels is still strong as I continue to dollar cost average my possition filling the bags deeper.
* Not financial advice