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iExec RLC / Bitcoin

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RLCBTC trade ideas

RLCBTC forming bullish Shark | A good long opportunityHi fox hope you are well, In my previous post the iExec RLC (RLC) formed bullish Shark on 4 hour short term chart and this trading idea produced more than 64% profit: Now this time on 1 hour chart is forming another harmonic pattern and this time it is another bullish Shark. All legs are formed now the priceline is forming last leg. The Pattern: Lest’s dig the pattern deeper to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: 0.00006681 to 0.00006501 sats Sell between: 0.00006855 to 0.00007228 sats Stop Loss: The potential reversal zone area which is up to to 0.00006501 sats can be used as stop loss in case of complete candle stick closes below this level.
Long
by moon333
1
RLC ANALYSIS (LONG OPPORTUNITY TO FILL THE HANDLE!)RLC is expected to form a cup and handle formation here as RLC hits the previous local support from the past years. RLC has seen a significant retrace and is expected to bounce from here to the 200 MA with an entry zone of 4200-5200 sats. It seems the reversal has already started therefore the chance of the lower end of the entry zone, near the 200 MA, will not likely be hit. I expect a rise to 100 MA at 6000 sats. Followed by 50 MA at 6990 sats. The handle will completely form after T3 and T4 successfully fill topping out at over 9000 sats. As long as BTC dominance doesn’t eat up the market, this setup is prime for long term success! Any stop loss should be set below the 200 MA as this invalidates the formation. Possible Entries: 4200-5200 sats
Long
by altchicasignals
RLC/BTC - Round 2After finding support at the 0.618 and consolidating for a few weeks, I believe RLC is ready for another leg up. My reasoning: Location/structure: Strong support and nice structure "W" at the 0.618 Divergence: Confirmed histogram div, RSI looking good. Willy coming out of stupid. Strong OBV VPVR: Lots of volume traded at this level I should note there is a lot of unresolved business below. The 3300 - 5000 sat range has been a very weak area for the bulls in the downtrend, and for the bears in the uptrend. Right now, I'm not too concerned as the OBV gives us a nice bullish case in the short-medium term. Hit the LIKE button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.
Long
by AndyTheKing
1