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...
RLC/BTC -iExec RLC is currently forming a symmetrical triangle -The best trading strategy here is to but the breakout direction -Currently, it is testing the local resistance around 14100 sat range -You may enter aggressively on the break of local resistance -2nd idea is to place Buy orders once the downward trendline resistance is broken -3rd trading option is...
#RLCBTC TA Updates:- #RLCBTC Now trading at Support level or retest level. Hope you are now 50% profit in RLCBTC. But still you not enter then It will be good entry. Re entry:- 5000-5200 Satoshi Targets:- 8196/10689/13209/15620 sat Every dip is good Buying opportunity for me. Guys if you also booked profit and also Happy with our Analysis then Please LIKE...
RLC/BTC -3D TF is forming a potential bullish descending channel -we can also see on the left side history -if the pattern breaks to the upside -there is a chance of an inverse H&S is likely in play -now, to trade this descending channel -we wait for the break of the trendline resistance -to confirm the market direction and our bias decision -the pattern target...
RLC/BTC RLC is starting to make a bullish move as the price started pumping and reached the downtrend resistance line at 6700 sats. If we see the price consolidate within the green buy zone line. This is a good potential buy zone for another leg up and eventually break this descending channel to the upside. The stop-loss is placed under the candle at 4200 sats.
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...
RLC/BTC Bearish Head & Shoulder pattern broke to the downside and the target is between 0.618 Fib or 200 Day MA.
(Trade this coin on Binance from the link in my signature below!) I know absolutely nothing about this coin but took a look at it because of a recommendation from Turnip in our Crypto Cartel Discord. Check us out in my signature below. I love this chart and the fact that it was recently listed on Binance. It's had a few preliminary pumps that have all been...