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iExec RLC / TetherUS PERPETUAL CONTRACT

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RLCUSDT.P trade ideas

RLCUSDT - 4H Possible downtrend breakoutPossible downtrend breakout. Possible bullish diversion on MACD 4H. Possible inverted head and shoulders. Strong support level respected. RLC had a lot of good news recently and it is indeed a very interesting project long term. Play safe, and remember to check BTCUSDT and BTC .D before book your positions. If BTC doesn't behave or the strong support line breakdown, it is going to invalid this trending. ** Not financial advisor, only playing around and learning.
Long
by UnknownUnicorn8275347
iExec RLC a Good Buy? My Fellow Crypto Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ ANALYSIS: ( Long Term Hold ) iExec RLC is undervalued by far. As many should know, data is a precious commodity that holds a significant amount of value. If crypto finally gains the respect it deserves, then iExec will most definitely reap the benefits with their cloud computing tech. Therefore, iExec, whose token is RLC, is of great value at $0.84. It appears RLC is rounding out into an area of accumulation before a major move. Look for RLC to deep as low as $0.78, in which it would have entered a phase of being heavily sold. Thus, RLC should have a nice bounce in hopes to re-test the the $0.96 resistance. KEY: Blue = 4hr timeframe resistance/support White Triangle = Entry point (Buy Zone)
Long
by AB_Trading-Intelligence
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