RLCUSDT
RLC (iExec) 6th Jan 2022RLC has lost -55% since November 2021 and -85% since May 2021.
As you see it is working inside his the ascending triangle pattern. If you want to trade as well as holding long.
What the catch:
If Bitcoin to bottom out and showing some bullish sequence can take long although this idea is invalidated if Bitcoin shows no signs of recovery.
Here is just my idea hope you enjoy it.
Peace ✌🏼
RLC Short and long termRLC Short and long term
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RLC/USDT TA 1D ChartAfter RLCUSDT went parabolic and made an ATH, it has made several attempts to recreate the move or even go further to the new price discovery. I found a crucial resistance which is showed as a white box in the chart. Yesterday RLCUSDT looked really strong, but got rejected again. If it stays withing the ranges of triangle today, I think there is a great chance of testing the white box of resistance again, or even breaking out of it. I tried to draw a possible situation how I would see it happening.
RLCUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 6 - 7.5 - 9
after first target reached move ur stop to breakeven
stop: ~under 3.2 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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RLC/USDT : Cup & Handle formed !BINANCE:RLCUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#RLC being hyped again recently, and the last 12H's candle confirms the Cup & Handle formation.
Now it's been rejected by the above Supply zone and it went to retest the local S/R zone ( Gray zone ) !
If #RLC manage to hold above the S/R zone, Then it will be likely to bounce above the supply and rush to conquer the Cup & Handle's target.
- What is the target of Cup & Handle ?
The minimum target of C&H pattern is the length measured by unit's scale from the dip till the top.
And the maximum target will be the percentage achieved by pattern from the dip till the top.
📚 Now the minimum target of C&H pattern is located on the higher H12's order-block ! Which is measured as $2.700 unit !
- How we'll play the chart ?
📍 I'll be waiting for a fresh retest on the S/R here and take a solid LONG with a invalidation as a candle close below my entry, I'll engage only 1.5% or lower of my portfolio !
In any other case, We'll be rejected into 12H Demand !
📍 On other hand, We can play safe and wait for the breakout above the Supply above and take a proper LONG to claim order-block above !
I'll engage the same rate of portfolio and set my invalidation as 3 candles close below the Supply.
📚 The average Risk/Reward will be around +8RR !
- Most of the needed information are mentioned on the chart, Hope you can earn enough !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Long RLCUSDTLong RLCUSDT
I will enter this trade after a breakout and retest of the resistance zone of the 5.20 area with a 6H candle close above this zone.
It has been consolidating in this range since May 30. Im expecting a big push up...
Entry trigger 6H close above 5.20
1st target 8.2 zone
2nd target 9.93 zone
3rd target 11.50
Invalidation day close below 4.40
Double Your Investment Ideas : RLC/USDtRLC are currently standing at the point where it can be bounce anytime and we could make at least 2x return ...
DISCLAIMER : Invest with Safety and Risk Management . Invest with D.C.A ( Dollar Cost Averaging ) strategy so you Make better returns with Minimize Risk.
Learn D.C.A if you are not aware about it.
Good Luck !