RLCUSDT.P trade ideas
RLC/USDT 1hr - Breakout Imminent! Oracle Szn?The only doubt I had about this set up was the lack of volume; however, RLC is an oracle and oracles like to run together. Not how Chainlink is ignoring the dip, which indicates upside for RLC and other oracles. I believe this will breakout with great upside once BTC chills out - it has been holding the bottom range throughout these dips.
I have been accumulating at the bottom of this pattern with a SL at invalidation around $6.30-$6.50 - depending on your risk tolerance.
As always, keep and eye on BTC and DYOR.
Cheers
RLCUsdt (iEXCD RLC) close too jump and pumpthis is not pro analyser check other IDEA FIRST ::::))tnx
RLC close too pump on top for close too finish triangle
after correction cometoo protection adn again pump top
Protection is :
7.7201
6.500
Resisdance is :
8.1729
Targets :
9.3982
10.5524
11.8081
13.8864
GOAL is:
17.0907
22.1948
and for holders tagets is : (but my coment not more save for BTC now in correction and fall)
31.0735
GL
have a good trade
Possible bounce/breakdownFalling wedge formed, might breakout soon.
Open for critics, since im a newbie and wanna learn more :).
2 options on the table right nowResistance at 11.
Support at 9.8.
Either RLC will hit 50% again(FIBR) and bounce back up to resume bull run.
OR
It'll keep dropping passed to the 61.8% zone and will keep price of 10.5000 for a while.
Personally I think RLC is close to surpassing the $14! Let's see how it develops
TAJust my Opinion Not a Financial Advice
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Live a like
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Comment What You Think Below
rlcusdtrlc looking to break the channel .market still bearish .It could be a good scalping oppurtunity
RLCTwice in the past 24 hrs, it has tested a resistance, could not break, retested and continued down. It is at the .382 fib right now and if it breaks down, we will likely see price go below 8.
If it holds at this fib, the next retest of trendline will be around 10.2
