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RLCUSDT

RLC/BTC (Triangle Pattern? Bearish?)BINANCE: RLCBTC -The price retested the previous support area -A good bounce happened and will likely retest the trendline resistance -The 8400 sat range is a strong confluence of previous resistance turned support -How do you trade this market situation? -Buy at key support with a tight stop loss and target the trendline resistance -2nd is to buy the breakout of the trendline resistance because it will signal a trend change -This is a high-risk trade so please use small allocation only ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Happy Trading! Thank you! :)
by PolarHusk
6
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
RLC/BTC (Wait For Breakout Direction)RLC/BTC -iExec RLC is currently forming a symmetrical triangle -The best trading strategy here is to but the breakout direction -Currently, it is testing the local resistance around 14100 sat range -You may enter aggressively on the break of local resistance -2nd idea is to place Buy orders once the downward trendline resistance is broken -3rd trading option is to buy on retest/pullback after breakout confirmation -All depends on your risk appetite how you will approach this market -Please, always follow your trading plan once entered the battlefield
by PolarHusk
1
iEXEC RLC ✅ Massive Uptrend! Horizontal Levels To Keep an Eye on💬 iExec's RLC token "runs on lots of computers" and RLCs price action just keeps running. We are coming up to the last point of resistance for RLC's USDT chart, and logically it may be time for another pullback. If and when we get that pullback there are some juicy support levels to look for if RLC is to make new highs (new highs could be in the cards given RLC's correlation with other alts making waves recently; see the related ideas). Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Higher Timeframe overview: Support: S1: The S1 S/R flip is the first level of support for RLC. This one could see a reaction on the way down or perhaps hold in a quick corrective move if the bulls are adamant about not correcting until resistance is fully breached. S2: The S2 orderblock is the next best bet for the bulls if S1 can't hold. If S2 doesn't work as support, it should at least see a reaction as price moves past it. S3: The S3 orderblock at the minor price pivot point could be the perfect entry for bulls looking to enter during a period of consolidation. If one is trying to enter with resting orders, it makes sense to put at least some portion of your orders here. S4: If S4 can't hold, then our last level of interest is the S4 S/R flip. A quick retest of the prior range before moving up makes sense, so getting a fill here is optimal if RLC is to keep running. Resistance: R1: The R1 orderblock cluster at the All-Time High (ATH) range is the only resistance on our chart, but it is a big point of resistance. This is not only the lone resistance on our chart, but it is the last resistance on the RLC chart in general. It is very likely price struggles here. ----- Summary: If bulls can break resistance either now or after consolidation, the sky is the limit. Entering while price is going up into support doesn't make sense. Entering on a pullback to one of these levels could pay off if proper risk management is used. Otherwise playing a breakout of resistance has some logic in it as well. That said, any long-term RLC holder has to be thinking about taking profits here... there isn't another target left on the chart. Resources: www.newsbtc.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem