A little RLC can go a long way IExec RLC/BTC
I spent yesterday evening looking for tokens/coins that have outperformed or kept on par with their BTC valuations.
The obvious ones are MATIC and ETH but I'm looking for other smaller hidden opportunities in the charts.
I cam upon RLC, and it might be worth keeping an eye on this. Neutral for now but its coiling.
- Forming Pennant
- High volume increase from May 2022 - Feb 2023
- Volume lower now but still generally significantly up since this time last year.
- During the same period up 150%+ against BTC
- low cap 197 rank coin by market cap (High risk)
- No longer above the 10 or 12 SMA. this would be ideal as it tends to ride higher off it.
- The USD pair is technically in a churning uptrend.
IMPORTANT: I used HITBTC Exchange as it highlights or emphasizes the volume increase. On Binance the volume is still pressing gradually up and the that chart i not as stark. HITBTC Exchange is one of the older exchanges where new coins where born.
Buys
- Bottom of pennant channel (or slightly under)
- If we get above 10 day SMA.
In the last bull run in 2020/21 I made a killing on this coin from $0.50 to $8.
At the time the coin had a lot of promise. It had partnered with IBM, Intel, Ubisoft and Nvidia.
At present they are working on an AI offering and this could see the AI promise in the crypto space.
But we focus on the chart, the price tells us everything. That's the main indication here. Price over everything.
A little background can give the token distinction for memories sake.
Lets keep an eye on this one.
PUKA
RLCBTC
iExec RLC Should Resume Bullish Move SoonIf we successfully remain above the neckline, we should go for the weekly's inverted HS pattern targets at 1064 and 1490.
We nearly hit 1064 on the first move up after crossing the neckline, and then nearly lost the neckline after closing below it briefly.
There is also a golden cross on the 50/200 day EMA and this is our 2nd time approaching a cross back in the other direction, the first unsuccessful. If this 2nd attempt at a death cross is also unsuccessful, the bull case gets much stronger, and 1490 could be easily exceeded. Not pictured is the golden cross on the 50/200 day MA, which is still golden ;)
RLC IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the RLC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Long RLCNot sure wtf RLC is but getting some confluence on the charts. Most other dog shit pumped off the 1 hour 200 D MA already but RLC is lagging, going to see if I can catch a pop here. Tight Stops. Cup and handle confirmed, really tracking the 200 Moving, also holding the HTF purple trend line. Think we get a pop. Not advise.
RLC CAN DROP AGAINHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RLC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✳️ iExec RLC Huge Potential (130% to 458%)RLCBTC has huge potential to grow mid to long-term.
We saw how crypto went green as soon as we entered 2023 but the smaller altcoins are yet to speed up.
We do have a bullish bias as can be seen from this chart and the bullish indicators but sustained growth hasn't taken place.
RLCBTC is trading above all EMAs and MA200.
It has a very strong RSI on the weekly timeframe with a low hit back in May 2022, ,which means that this pair has been growing for 8 months now.
Slowly but surely it is moving up...
All that is left is a sudden jump.
We have two targets on the chart, 130% and 458%.
Namaste.
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Previous trade idea 22-Dec-2022
✳️ iExec RLC vs Bitcoin Higher Lows Since Sept. 2019 (125%)
viewpoint Short For RLCHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RLC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RLC: TREND VIEWRLC shows some trend patterns that could give some increasing trends coming time.
We will see if this coin is ably confirmed.
Until now there are still no confirmations for an uptrend, it's only a view that can become interesting coming time.
For most of the coins, the trend is still breakdown.
These times are very difficult to find the right coins that are going to build real volume, last time most coins increase only for the take profit zone.
Trade safe with always risk management.
we start to check this coin from $1.35
Build always your chances on more trades, a good trader is able to make more failed trades and just to succeed in 1 trade very well.
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Thanks
RLC IEXEC Long 20221225Signal: Red -> Green
Context: Green
15m trade, hope a pulse can reach the target, as Bitcoin is bearish
RLC, IEXEC, RLCUSD , RLCUSDT , RLCUSDTPERP , CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
✳️ iExec RLC vs Bitcoin Higher Lows Since Sept. 2019 (125%) RLCBTC has a very strong bullish bias.
The weekly RSI, we consider good/bullish above 30 and in this case it is already at 64.73 (very strong).
Trading above EMA50 daily is considered bullish midterm, here we have RLCBTC trading above EMA100, EMA50 and MA200 weekly, a signal 7 times stronger.
This pair has been printing higher highs and higher lows since September 2019.
The easy target is set at 80%.
120%+ also possible short-term.
Remember to do your own research and build a strategy before trading.
What would you do if you were to buy and prices start dropping instead of going up?
Will you hold?
If yes, for how long will you hold?
Will you sell at a loss?
If yes, how big would be your risk?
What would you do if you were to buy and prices start growing?
Will you hold?
If yes, for how long?
Will you sell?
If yes, when and how much?
These are questions that need to be answered BEFORE taking any trades.
We are not responsible for your actions so make sure to do your own research. This is not financial advice.
Wishing you luck, wealth, health and success...
Now & Always!
Namaste.