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RLCUSDT

RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023Logarithm. Time frame 1 day. Secondary trend. Working with a wedge . Breakout, pullback after breakout. Showed percentages, two targets in succession and two options if the breakout will be now or after another decline when forming a wedge from key support zones. Stop loss on such coins before reversals is usually knocked out. Its length does not matter (large slippage due to liquidity) The chart earlier is a witness to it. If you are working from the average buy/sell price , then put the average price between the two zones in your risk management, it is more rational. Hope for the best, but expect the worst. As a rule, breakouts on similar cryptocurrencies of such liquidity take place in impulses by a significant percentage. Take profits and forget it, move on to another similar coin before the breakout. Pump/dump coin is not for accumulation. Low and medium liquid alts. Try to take the momentum, that is, the first movements of the trend reversal (breakout of the wedge), do not emphasize the instrument (crypto coin), it is all conditionally crypto garbage. Use the given time, don't use high leverage + protect profits if they are substantial. There is no real shock capitulation yet, whether they will do it or not is another question.... But always more yes than no. 🧠 Mani and risk management. . In any case, always follow mani management, less margin, more spot. Limit potential risks, especially on HYIP garbage, observe adequate risk management especially when working locally, no matter you are working with stop loss or from average buy/sell price. Risks are calculated in advance, not post facto. Set adequate targets as for a local trend, without hamster x's (i.e. maximum channel range or a little more than the average price of targets (according to TA) of the wedge. Line chart.
Long
by SpartaBTC
3
RLC is definitely bullishWe have had an ascending channel that broke the bottom once but it was faked out and again the price returned to the ascending channel that I marked on the chart. On the bottom of the white boxes, they show the overflow that the candles have done well. From where I entered START, the upward movement has started. We have bullish CH and BOS on the chart and the candles have respected the demands well. Above we have a liquidity pool that I specified with $$$. The candles are going to clean this pool in the first step. I marked the TPs on the chart. I also marked a FLIP LINE on the chart that I use for my loss limit. When 1 daily candle closes below this line, the analysis will be invalidated. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
RLC/USDT Could RLC bounce from here and continue upward??💎 RLC is currently positioned at a pivotal support area, where a bounce is crucial for continuing its upward trajectory towards a strong resistance target. This moment is critical for determining RLC's short-term market direction. 💎 However, should RLC fail to maintain its stance at this support level and instead break below it, it would signal a bearish development for the asset. Such a breakdown would confirm a bearish trend, potentially steering RLC towards the lower demand area. 💎 The demand area, therefore, represents a significant juncture for RLC. For the asset to resume an upward trend, it is essential that it demonstrates a strong rebound from this area and successfully surpasses the resistance level. If RLC is unable to accomplish this – showing signs of weakness or continued consolidation at the demand level – it would likely lead to an extended downward trend, pushing the price further down.
by MyCryptoParadise_Nathan
4
⬆️ EURGBP) BULLISH) analysis) ⬆️⬆️hello trader’s what do you think about Eurgbp)? The pound rose slightly on Friday as the dollar slipped while investors waited for data on the Federal Reserve's preferred gauge of inflation. Sterling GBPUSD was up 0.36% at $1.2736 and was set for a weekly gain of 0.45%. The euro EURUSD was down 0.26% against the pound at 86.55 pence. The pound has risen for five of the last six weeks against the dollar as investors have ramped up bets that the Fed will cut interest rates sharply next year after consumer price index inflation slowed to 3.1% in November. The November personal consumption expenditure (PCE) index, the Fed's favoured measure of price pressures, is due at 1330 GMT on Friday. Data on Friday showed the UK economy shrank 0.1% in the third quarter of the year. Yet FX investors may have been paying more attention to separate figures that showed British retail sales jumped 1.3% in November, more than expected. "Today’s release provided some festive cheer for retailers," said Alex Kerr, assistant economist at Capital Economics. "But with higher interest rates still percolating throughout the economy, we doubt that there will be a continued rise in sales volumes early next year." In their 2024 outlooks, many strategists tipped the pound for a solid year on the basis the Bank of England would not be able to cut interest rates as much as the Fed or European Central Bank, making British bond yields more attractive. That idea was called into question earlier this week when data showed that UK inflation slowed to 3.9% in November, more than expected, from 4.6% in October. Investors think the BoE is likely to cut rates by 140 basis points next year, according to pricing in derivatives markets, up from about 120 bps at the start of the week. The dollar index DXY , which tracks the currency against six major peers, was last down 0.22% on Friday at 101.55.
Long
by SMC-Trading-Point
2
RLC/USDT It required Break out the resistance or rejected ??💎 RLC has undeniably garnered significant attention in the market. Currently facing resistance, RLC needs to break out of this level to sustain its upward trajectory. The perfect bounce observed from the demand area suggests a potential breakout of the resistance in the near future, the probability an easy movement toward our target area. 💎 However, if RLC struggles to break the resistance, there's a possibility of a retracement, with RLC returning to test the demand area multiple times. 💎 The bad scenario is confirmed if, during the retesting phase at the demand area, RLC fails to maintain its position and undergoes a breakdown. In such a case, RLC may shift to a bearish trend, potentially retracing to the strong support area.
by MyCryptoParadise
1
RLC ANALYSIS🔮 #RLC Analysis - - - Breakout Trading 🚀🚀 💰💰 #RLC gave a breakout of symmetrical triangle pattern and trying to retest the levels. If #RLC closes above $1.685 then we will get a confirmation of a bullish trend. 🚀🚀 💸Current Price -- $1.595 📈Target Price -- $2.708 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #RLC #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
1
RLC/USDT Need to Break the pattern to continue Upward Movement💎 RLC has certainly garnered our interest. Currently positioned in a pivotal zone, RLC needs to overcome the constraints of the falling wedge pattern and breach the supply zone to ignite a bullish surge. 💎 A successful disruption of these barriers could pave the way for RLC's ascent towards the resistance level. Historical trends highlight RLC's repeated setbacks upon encountering this resistance, underscoring the critical nature of this threshold for facilitating a smooth advance towards further supply zones or even the Bearish OB territory. 💎 Conversely, if RLC falters in its attempt to shatter the pattern and penetrate the supply realm, it may face a reversal, prompting a retreat to the demand zone for momentum recalibration. This scenario necessitates a robust rebound from RLC to avert a descent through the demand layer, which could otherwise precipitate a slide towards more profound support foundations.
by MyCryptoParadise