🧇 iExec RLC 1D- testing key levelThe price broke out of daily dynamic resistance and is now getting close to key level (4.01). To confirm this entry I'd like to see a breakout from the purple channel (go to lower timeframes to see it)
Long-term targets:
TP1: 4.91
TP2: 5.69
TP3: 8.99
TP4: 11.65
TP5: 16.37(~300%)
TP6: OPEN++
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About iExec RLC:
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security and much more.
Source: coinmarketcap
RLCUSD
rlc cupagain :) cup handle again :) it is amazing
Since the summer of 2020, decentralized exchanges (DEX) have been all the rage and in 2021 developers and investors continue to flock to the sector due to the ease of listing and buying into new projects.
While the method has proved fruitful for many projects, the price performance for iExec RLC (RLC), a blockchain-based decentralized cloud computing network that recently listed on several centralized exchanges, shows that CEX listings still carry the most weight when it comes to initiating price movements.
RLC iExec Long Opportunity 20210915Signal: Blue -> Green
context: Green
Structure Confirmation: Break Through Resistance
RLC, iExec, RLCUSD, RLCUSDT,RLCUSDTP, BITCOIN,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.
RLCUSDT Triangle Formation!RLCUSDT (1H CHART) Technical Analysis Update
Triangle Breakout
RLC/USDT currently trading at $2.97
Buy-level: $2.94 - $2.96 (Wait for the small retracement)
Stop loss: Below $2.82
Target 1: $3.08
Target 2: $3.20
Target 3: $3.56
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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RLC/USDT 1hr - Breakout Imminent! Oracle Szn?The only doubt I had about this set up was the lack of volume; however, RLC is an oracle and oracles like to run together. Not how Chainlink is ignoring the dip, which indicates upside for RLC and other oracles. I believe this will breakout with great upside once BTC chills out - it has been holding the bottom range throughout these dips.
I have been accumulating at the bottom of this pattern with a SL at invalidation around $6.30-$6.50 - depending on your risk tolerance.
As always, keep and eye on BTC and DYOR.
Cheers
2 options on the table right nowResistance at 11.
Support at 9.8.
Either RLC will hit 50% again(FIBR) and bounce back up to resume bull run.
OR
It'll keep dropping passed to the 61.8% zone and will keep price of 10.5000 for a while.
Personally I think RLC is close to surpassing the $14! Let's see how it develops