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Rlcusdlong

RLCUSD Can give massive gains.RLC can be one of those assets which can show massive Gains. -After a major downtrend during these bear markets we have seen RLC Showing some good Strength with almost making a good higher high along with a higher low while flipping its resistance for support. -After conquering EMA50,100,200 it showed us some strength which can be considered as one of the bullish factors. -The price also bounced from EMA50's Support. -While We can Also See a formation of Cup along with handle being started to form it plays another good sign for the price to move upwards. -Price Might consolidate a bit before starting its upward movement. -Based on the chart patterns TP's are marked along with support zones. -SL manual: Daily Close below Support Zones. Thanks & Regards. Aanuj Tated This is not Financial Advice. DYOR
BINANCE:RLCUSDLong
by aanuj.tated16
RLCUSDT formed Gartley | A good long opportunityWorld's 100th ranked crypto out of more than 2300 cryptocurrencies iExec RLC (RLC) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look at the dimensions of iExec RLC price action's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci (here I have ignored very minor difference) and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.3901 to $0.3805 Sell between: $0.3977 to $0.4160 So this very short term 8hr time period chart is giving very good long opportunity Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
RLC/BTC TA Update (Long Term Bullish Pattern?)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 bullish buying area. I wouldn't surprised to see further growth or retest previous High at 10k in the future. Bearish scenario if the price closes below 200MA that will signal the pullback hasn't done yet and we could see the coin drop to 2.5k sats area.
Long
by PolarHusk