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RLCUSDT

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
iExec RLC a Good Buy? My Fellow Crypto Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ ANALYSIS: ( Long Term Hold ) iExec RLC is undervalued by far. As many should know, data is a precious commodity that holds a significant amount of value. If crypto finally gains the respect it deserves, then iExec will most definitely reap the benefits with their cloud computing tech. Therefore, iExec, whose token is RLC, is of great value at $0.84. It appears RLC is rounding out into an area of accumulation before a major move. Look for RLC to deep as low as $0.78, in which it would have entered a phase of being heavily sold. Thus, RLC should have a nice bounce in hopes to re-test the the $0.96 resistance. KEY: Blue = 4hr timeframe resistance/support White Triangle = Entry point (Buy Zone)
Long
by AB_Trading-Intelligence
2