iExecRLC Hits Oversold (Volume Breakout), Chart Turns BullishiExecRLC hit oversold recently on the RSI after hitting a new all-time low on Binance.
We are also looking at bullish divergence on both the MACD and RSI... Here is the long-term chart where you can spot the divergence:
Looking at iExecRLC (RLCBTC) short-term, daily time frame, we can see a volume breakout; we are looking at the highest volume since March, as well as a very strong green bullish candle.
RLCBTC has the potential to bounce and move up from here.
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RLC
RLC Breakout Coming..!!$RLC #RLC (Update)
Falling Wedge In Daily TF..
Volume Increasing..
70-100% Profit Expected In Next Few Days..
Introduction...!!!
iExec has developed the first blockchain-based decentralized marketplace for trading cloud resources. It uses the blockchain to organize a market network where everyone can monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec supports the most compute-intensive decentralized applications in fields such as AI, big data, fintech or 3D rendering.
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RLC/USD POSSIBLE FALLING WEDGE? LET'S SEE...RLC/USD is a token with low marketcap and, so, high volatility. Try to read a clear pattern is really hard, but if you match the trade the gain could be huge!
This is not a complex example to understand, here it is :
I think that RLC USD pair is drawing a falling wedge, seems that the price is moving sideways bouncing on the 0.37 $ support, that is also the 38,2% retracement of Fibonacci. If this trong support can hold the price until the end of the week, could be started a new bullish wave breaking the falling wedge.
1° Target : 0.44 $
2° Target : 0.51 $
In a bearish scenario the price could fall down to 0.29 $ (next Fibonacci retracement)
See you soon for the next update!
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-- This is not financial advice, for illustrative purposes only. Thanks! --
RLC Long - Potenial 90% profitRLC has respected the demand zone multiple times.
RSI just crossed the 30.
A close above the 10 EMA would be an excellent confirmation. It already did on other exchanges but not yet on Binance.
This trade needs IMO 3 to 7 weeks, so patience is key. As you know the markets loves to reward patient people!
750 sat is IMO an achievable target.
SL and targets are in the chart.
Like & Follow for more trading ideas. And let me know if you agree or disagree with the trading idea. We can learn from each others insight.
PS: NEVER NEVER forget your Stop Loss!
RLC breaks strong resistance, could go up higherBINANCE:RLCBTC
RLC has high chance of breaking out strong resistance of last month, facing first Fib. local resistance.
TRIX + MA/TRIX indicator (see link below) pointed out good trend for RLC, strengthen bullish sign.
On overall RLC is good to invest for short-term profit (this week).
Details are as shown in chart.
rlcbtc about to break???What we see on the daily chart:
- 650 seems to be the bottom so far after this big retracement
- volume coming in, buyers stepping up? Tight candles suggest there still are some sellers left, but it looks like an area where buyers might step up big time and sellers run out, but we need to keep in mind btc is still the boss here
-RLC likes to move fast , I would trade this of the daily and aim for a 20-30% move
- also RSI bottomed
shitcoins are the means to the end of more ZEC / BSVCZ doesn't understand how bitcoin works (imagine rolling back an immutable chain because you dun goofed LOL) and Binance will probably go bankrupt because CZ doesn't understand Bitcoin. In the meantime, cop some RLC after deposits and withdrawals open back up next week. This play will take some time for the entry to trigger break and retest of (.828 usd). I don't like trading shitcoins against BTC right now. All my successful plays have been on dollar pairs. Keep making $ to slowly accumulate ZEC and BSV. Long term, I'm working towards 50% ZEC /50% BSV as my sole crypto holdings after my shitcoins make a move.
RLC-BTC Long Trade PlanCommodity : iEXECRLC
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 3% of the total Trading Balance.
Prospective Profit : 12% to 43%
Prospective Loss : 7%
RRR : Between 1.6 and 5.66 depending on TPs
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
RLC - Sell Wall Bot Buy SignalI'm sharing one of our Sell Wall Bot buy signals today.
Sell Wall Bot has over 80%+ Success rate!
If you are interested in the stats, please see the link below.
Sell wall buy signal for RLC was at 0.00006900
Sell Targets
T1: 0.00007176
T2: 0.00007314
T3: 0.00007590
Stop loss: 0.00006210
This play looks strong. RLC had a nice bounce off the trend line. Just some volume needed now.