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RLCUSD

RLC short setupFrom where we entered "start" on the chart, RLC correction seems to have started. It appears to be completing a bearish triangle now. We will look for sell/short positions in the red range. The target can be the green box. Closing a daily candle below the invalidation level will violate the analysis 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
Short
by behdark
RLC - An Unconventional Trade Opportunity - For Brave-hearted #RLCUSDT Analysis Description --------------------------------------------------------------- + RLC is presently consolidating near the resistance zone, displaying a consolidation pattern akin to its previous two consolidations. + Although this pattern may seem unconventional for trading, I maintain optimism regarding RLC's potential to adhere to this pattern and progress towards the next target. + Should this pattern persist, I intend to enter a long trade with a target set around 5.762. + Consider following this trade if you're willing to assume some risk in pursuit of substantial profits. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 3.870 Stop Loss: 3.383 ------------------------------ Target 1: 4.191 Target 2: 4.490 Target 3: 4.996 Target 4: 5.762 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-15x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023Logarithm. Time frame 1 day. Secondary trend. Working with a wedge . Breakout, pullback after breakout. Showed percentages, two targets in succession and two options if the breakout will be now or after another decline when forming a wedge from key support zones. Stop loss on such coins before reversals is usually knocked out. Its length does not matter (large slippage due to liquidity) The chart earlier is a witness to it. If you are working from the average buy/sell price , then put the average price between the two zones in your risk management, it is more rational. Hope for the best, but expect the worst. As a rule, breakouts on similar cryptocurrencies of such liquidity take place in impulses by a significant percentage. Take profits and forget it, move on to another similar coin before the breakout. Pump/dump coin is not for accumulation. Low and medium liquid alts. Try to take the momentum, that is, the first movements of the trend reversal (breakout of the wedge), do not emphasize the instrument (crypto coin), it is all conditionally crypto garbage. Use the given time, don't use high leverage + protect profits if they are substantial. There is no real shock capitulation yet, whether they will do it or not is another question.... But always more yes than no. 🧠 Mani and risk management. . In any case, always follow mani management, less margin, more spot. Limit potential risks, especially on HYIP garbage, observe adequate risk management especially when working locally, no matter you are working with stop loss or from average buy/sell price. Risks are calculated in advance, not post facto. Set adequate targets as for a local trend, without hamster x's (i.e. maximum channel range or a little more than the average price of targets (according to TA) of the wedge. Line chart.
Long
by SpartaBTC
3
RLC is definitely bullishWe have had an ascending channel that broke the bottom once but it was faked out and again the price returned to the ascending channel that I marked on the chart. On the bottom of the white boxes, they show the overflow that the candles have done well. From where I entered START, the upward movement has started. We have bullish CH and BOS on the chart and the candles have respected the demands well. Above we have a liquidity pool that I specified with $$$. The candles are going to clean this pool in the first step. I marked the TPs on the chart. I also marked a FLIP LINE on the chart that I use for my loss limit. When 1 daily candle closes below this line, the analysis will be invalidated. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
RLC/USDT Forms Falling Wedge Pattern with Strong Support!💎 RLC/USDT exhibiting a falling wedge pattern on the price chart which indicates a period of consolidation before a potential upward breakout. 💎 One key aspect of the falling wedge pattern is the presence of a strong support level. The price of RLC has consistently found support near a specific price point, which has prevented further downward movement. 💎 If the downward support is breached, meaning the price drops below this level and fails to recover quickly, it would invalidate the falling wedge setup. 💎 A break below support could signify a change in market sentiment, potentially leading to further downward pressure on RLC. 💎 However, as long as the strong support level holds, the falling wedge pattern remains valid and suggests a potential bullish move. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
Long
by MyCryptoParadise_Simon
RLC: Bullish Trend with Key Resistance at $1.758Let's turn our attention to RLC, which is currently showing positive momentum. Over the past 24 hours, RLC has increased by 7% and is currently priced at $1.668, showing a strong bullish sentiment. The key resistance levels to watch out for are the 24-hour high of $1.758 and the upper Bollinger Band of $1.674, which the price is brushing against. These levels could present some friction as RLC attempts to sustain its ascent. On the flip side, if a downward trend ensues, RLC has potential support at the EMA 50 level of $1.604 and the 24-hour low of $1.572. In addition, the 0 Fibonacci level at $1.642 could also serve as a support, creating a cushion for the price if a pullback occurs. As for the indicators, the RSI is currently at 64. It's inching closer to the 70 mark, which typically suggests overbought conditions, so keep an eye on that. Conversely, the MACD of 0.023 and Stochastic Oscillators at 52 both indicate a potential continuation of the current upward momentum, which is a positive sign. Lastly, the volume oscillator at 31% and the OBV of 247M suggest a healthy trading volume, reinforcing the current bullish trend. In summary, RLC's current trend is positive, but keep a close watch on key resistance levels at $1.674 and $1.758. Similarly, be aware of potential supports at $1.604 and $1.642. Adjusting strategy according to these markers could be beneficial. RLC is currently showing a bullish trend, which suggests that the price may continue to rise in the short term. Here's why: The price has increased by 7% in the last 24 hours, indicating a positive momentum. The MACD value at 0.023 and the Stochastic Oscillators at 52 are both suggesting a continuation of the upward trend. The current price is above the EMA 50 and the middle Bollinger Band, which is a positive sign for price movement. The volume oscillator at 31% and the OBV at 247M also suggest a healthy trading volume, which generally indicates a continuation of the current trend. However, it's important to note that the RSI is at 64, which is approaching the overbought threshold of 70. This could suggest a potential price correction in the future.
by ShawnMCR
8