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RLC (iExec RLC) Token Analysis 23/03/2021Fundamentals: 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. The iExec network has been made up of computing resource providers. These are known as iExec Workers. If users want to be these workers, they can connect their machines and will be rewarded with RLC tokens for contributing their resources to the network. Application providers can monetize their algorithms, and data providers that own valuable datasets can make them available for usage through iExec. Then there is also the consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing. Thanks to this proof-of-contribution, external resources providers have the usage of their resources certified on the blockchain itself. IExec also provides distributed applications running on the blockchain known as DApps scalable secure and easy access to servers, data-sets and computing resources, and since all of this works on Ethereum, it allows for a Virtual Cloud Infrastructure that can provide high-performance computing services on demand. As such, iExec supports the emerging class of blockchain-based distributed applications and enables cost-effective, high-performance computing through a decentralized cloud infrastructure. Through making access to machines easier, a distributed cloud will allow a drastic increase in the environmental footprint of data centers. When it comes to the Founders of iExec RLC, Gilles Fedak is the CEO and co-founder. Before he began work on iExec, he worked in INRIA as a research scientist at a postdoc in UC San Diego and at ATER at University Paris-Sud. He has a Ph.D. in philosophy and computer science. Haiwu He is the co-founder and head of APAC at iExec. Before that, he was a professor at the Chinese Academy of Sciences, an innovation transfer research engineer at ENS Lyon, the co-founder of iRentCPU, a research engineer expert at INRA and an assistant professor at Hohai University. He has a Ph.D. in computing sciences. This means that iExec is built upon the work of team members who have done INRIA and CNRS research in the field of desktop grid computing. Technical analysis: there exist a bearish divergence of Price and MACD which is the sign of trend reversal or Some retracements. post retracement there are total of 3 Targets Defined by Fibonacci Projection of the retracement Wave.
by BitonGroup
8
RLC/USDT : Indicators are being bearish BINANCE:RLCUSDT Hello everyone 😃 RLC is moving into a bearish rising wedge. Now MACD and Volatility are at their limits and they are being bearish. Also Wedge higher line is near, so it will rejects any continuation for bulls... MA 200 is located 1.9$ and it's reaching 2.1$'s support zone, How ever MACD it's trying to support it's lower limit ! 📌 2.1$ support zone could be a good retest point for RLC. 🔴 Funding is very high, So it's to wait for a better points to enter market !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
10
RLC formed BAT move for up to 27% rallyHi friends, hope you are well and welcome to the new update on iExec RLC token. On a small time period 4-hr chart, the price action of the RLC has completed the final leg of bullish BAT and spiked in the potential reversal zone. It may give us another chance to catch from the buying zone before starting the bullish rally. this trade has profit possibility of 27% and the loss possibility is only 4% Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade
Long
by moon333
RLCUSDT (RLC) - UPTREND CONTINUATION ANALYSIS 🔎 - RLCUSDT pumped and hit a swing high. - Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level. - Price action printed the double bottom trend reversal pattern at the retest area. - Price brokeout above the double bottom neckline resistance. - Price action is printing an ascending triangle pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level R1 - Horizontal resistance level R2 (swing high). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
RLC / USDT In buy zone for long termHello everyone. Excuse me for my english, i dont have very tecnical vocabulary but I hope my level will be enough to make you understand what i see! Today i want to show you this idea about RLC / USDT. RLC/USDT has it's own personality. Meanwhile everything is going to hell, RLC can go up. Meanwhile everything is going up, RLC can be going down or in range. This idea is good either for acumulating RLC for those who believe in the project and never have acumulated RLC, and also for people who want to try to take a 80% profit in a few weeks. As you see, the price is respecting the purple line same as did in March. I suggest to buy right now at any zone between the blue line and the purple line. I put the stop-loss there because a fast shakeout can happen. The risk/profit ratio is still good. The price had been in long range between 0,17$ to 0,80$ and finally we could break that resistance with autority, and now is retesting the old resistance being a new support. If price doesn't fall down and respects the trendline, it would be a higher high with higher low, expecting a new higher high and a new higher low. If weekly candle closes down of the purple line, we will have reasons to worry about. But that's not the situation now. I opened long witouth intention to sell because off the project. I may sell a part of the position if reaches the 2,20$, but I will be holding RLC for years. But first TP would be 1,40$-1,50$. (Almost 100% profit from now) Next one would be 2-2,20$ If you want to be more sure about this idea, or you dont want to have capital locked in this acumulation zone (wich could last many weeks from now), you could wait to see signs of strength. I will be updating this idea. Good luck and I wish you tons of profits in your trades! Marc.
BINANCE:RLCUSDLong
by WhiteMarc
1