IEXEC RLC / BITCOIN - Long Term TrendA great project with strong fundamentals and the potential to provide decent BTC ratio gains during the start of the altcoin cycle
Fundamentals:
Promising project with a technically knowledgable team, decentralized Oracles (look at what happened in price action compared to LINK), Cloud Computing for graphic 3d rendering and AI (machine learning models), etc.
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
Technicals:
Weekly MACD histogram showing bullish flip on the weekly chart
Parabolic SAR indicates a start to a potentially strong uptrend on the daily chart
Price broke out of the long-term bullish descending wedge and formed a medium-term bullish descending wedge
Price forming Ascending triangle on 4h chart
Long-term Gann line acting as support should the ratio drop
EMA Cross on daily (20 EMA ready to cross above 50 EMA)
Fractal points to a future price increase up to at least red horizontal or orange resistance lines
Targets for RLC/BTC
TP1 = +-0.00021
TP2 = +-0.00026
TP3 = +-0.00039
TP4 = +-0.00057
Rlcbitcoin
RLC/USDT looking bullish Rlc / usdt
Analysis
Became back above trend support
Break trendline resistance
Bullish green candels
Break local resistance between 0.87-0.935
As long as RLC above this local support we can expect big pumps like before
Please have a plan before trading and use stoploss
Good luck and happy trading
RLC/BTC (Triangle Pattern? Bearish?)BINANCE: RLCBTC
-The price retested the previous support area
-A good bounce happened and will likely retest the trendline resistance
-The 8400 sat range is a strong confluence of previous resistance turned support
-How do you trade this market situation?
-Buy at key support with a tight stop loss and target the trendline resistance
-2nd is to buy the breakout of the trendline resistance because it will signal a trend change
-This is a high-risk trade so please use small allocation only
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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RLC critical moment.Hello Traders,
RLC/BITCOIN is about to make a decision of the future trend direction, we are above a important support level, but on it seems to be a bearish acumulation pattern, now is time to be pacience and wait for more clear indications to go with the trend.
On the chart we mark important informations as entry points, and our objectives of the two direction,
Please support this publication with your like. You are welcome to follow us on the Tradingview.
Best regard Sandro and Gustavo.
RLCBTC forming bullish Shark | A good long opportunityHi fox hope you are well, In my previous post the iExec RLC (RLC) formed bullish Shark on 4 hour short term chart and this trading idea produced more than 64% profit:
Now this time on 1 hour chart is forming another harmonic pattern and this time it is another bullish Shark. All legs are formed now the priceline is forming last leg.
The Pattern:
Lest’s dig the pattern deeper to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Crab pattern should be:
Buy between: 0.00006681 to 0.00006501 sats
Sell between: 0.00006855 to 0.00007228 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00006501 sats can be used as stop loss in case of complete candle stick closes below this level.
RLC ANALYSIS (LONG OPPORTUNITY TO FILL THE HANDLE!)RLC is expected to form a cup and handle formation here as RLC hits the previous local support from the past years. RLC has seen a significant retrace and is expected to bounce from here to the 200 MA with an entry zone of 4200-5200 sats. It seems the reversal has already started therefore the chance of the lower end of the entry zone, near the 200 MA, will not likely be hit. I expect a rise to 100 MA at 6000 sats. Followed by 50 MA at 6990 sats. The handle will completely form after T3 and T4 successfully fill topping out at over 9000 sats. As long as BTC dominance doesn’t eat up the market, this setup is prime for long term success! Any stop loss should be set below the 200 MA as this invalidates the formation.
Possible Entries: 4200-5200 sats
#iExec RLC | Good Move Before Take OffA currency #RLC has witnessed a strong rise in the previous months and is now in the process of correcting the wave, which reached 560%
We expect from this region to take the price up again
Do not hurry to buy, the price may go down to good places
Do not risk a large amount of your money
Please share your opinion in the comments box and do not forget to press the like button
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RLC/BTC TA Update (Long Term Bullish Pattern?)RLC/BTC
Looking at the bigger picture of RLC, this is technically bullish as long as the price can hold the 200 Day MA in the coming weeks.
But RLC's number 1 enemy right now is the downward trend-line resistance
which keeps the price respecting it from the peak High 10k sats area.
If RLC breaks this trend-line, form a new Higher Low and consolidate within the bullish buying area.
I wouldn't surprised to see further growth or retest previous High at 10k in the future.
Bearish scenario if the price closes below 200MA that will signal the pullback hasn't done yet and we could see the coin drop to 2.5k sats area.
RCLBTC has formed bullish Shark | Upto 19% move expectedPrice action of iExec RLC / Bitcoin has formed a bullish Shark and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00006448 to 0.00006137
Sell between: 0.00006712 to 0.00007328
Regards,
Atif Akbar (moon333)
RLCBTC has touched the support after a year|Upto 234% potentialThe priceline of iExec / Bitcoin Cryptocurrency is moving within a pennant and hits at pennant's support after Aug 2018.
The price action has found a strong support at 0.00003080 sats and strong resistance at 0.00012261 sats.
Now the candle sticks are hitting the 0.00003080 support and after hitting at support the MACD has turned weak bearish from strong bearish.
RSI is entered in oversold zone after Dec 2018, from here the price action will take bullish divergence soon insha Allah.
I have defined the targets using Fibonacci sequence and the sell targets are as below:
Sell between 0.00006587 to 0.00010296
Regards,
Atif Akbar (moon333)