$RLC, 1D Buy flashing on the daily $RLC
1D Buy flashing on the daily as its testing ~3750 sats resistance level w/ increasing volume...
Looking to see how it evolves from here & willing to take an entry on breakout
#RLC
RLCBTC trade ideas
RLC back in the buy zone. Future of cloud computing. Fundamentals:
This is one of the promising projects which is building a decentralized cloud computing platform where computation can be aggregated from sources all across the globe. They are directly competing with the incumbents AWS, Google, IBM, Microsoft etc. Currently the market cap sits around $65 million which is a steal. The team is made up of several PhDs and experts in the cloud computing field.
They are also working on decentralized oracles which will compete with Chainlink, Band etc.
In addition, they have become a member of the Intel AI ecosystem giving it more credibility with the enterprise customers.
The cloud computing market as a whole is growing exponentially and is predicted to surpass $500 billion+ in 2022 (kinsta.com). Even capturing a small percentage of this market will propel
RLC to a multi billion dollar market cap.
Technicals:
RSI: Heavily oversold
OBV: Accumulation has been going on since the last 2 bull cycles
This is a long term hold. Expecting the marketcap to exceed $1 billion + in the coming years.
Note:
This is not financial advise. Please do your own research.
RLCBTCBuy it below 2820 sat.
Target on the chart.
if the trend line is broken exit otherwise it should hit the targets easily.
RLCBTC, possible trend reversal!Rlc made a bullish divergence on 1D.
falling wedge.
low she made falls on triple fib levels coming from top, not shown on chart.
promising project in DeFi.
Good R/R.
RLC/BTC Local work Breakdown of wedge resistance. Reversal areaI have been accompanying the movement of this coin since the beginning of the inception of the last uptrend (pump more than + 400%). Also the entire downward movement of the subsequent trend. Under the description of the idea, I secured all the trading ideas for this coin published on this resource for open access in which I accompanied the price from the inception of an uptrend and its reversal and change to a downtrend.
At the moment, the long buy level (zone) has been reached (green level). There was a rebound from it. At the moment, the breakdown of the wedge resistance. A local triangle is drawn in the breakout zone; there is a possibility that it will act as a canvas of an upward pennant in cases of price fixation above the wedge resistance.
Long RLCRLC making a legg 4 of elliot wave, holding support, making a wedge,waiting to brake. If so, huge upside potential compare to btc.
RLCBTC on yearly support. Reminds me of btc at 3.7k
SL 5% from entry and re-buy zone for wicks going to previous low.
TP accordingly
JUST A MATTER OF TIMERLC looks prime in almost every TF, currently the mid range capping the price in 1D candles, once we close above high range is next, close and consolidation above = moon.
RLCBTC bounced on weekly support 🦐RLCBTC bounced on weekly support and now the price is testing daily resistance.
IF the price will have a breakout upward, We can set a nice order on the retest, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
POSSIBLE SCENARIOA trade I will be looking to take if the scenario plays, break below the range, fake breakout and range recover, and I will be a buyer at the retest of the range lows. Similar to what happened from march to jun 2020 (orange box).
Daily Pivot & VAL-Daily pivot tested as support
-VAL tested as support
-Confluence w/ Daily 200ma
Keep it Simple, Manage Your Risk, & Don't get REKT!!
//Disclaimer: This is not financial advice.
FOMO IN...One of the best plays with real fundamentals to come into play at some point, expecting to see unrealistic numbers in the future.
