RLCUSDT.P trade ideas
RLCUSDT: Possible Long (21.10.2020)On D1, the price has broken the trend line. A strong divergence has formed between the price and the RSI.
An upward impulse was formed on H4, after which the price corrected to the level of 23.6% (mirror level - 76.4%).
We recommend buying RLC in order to keep the position above $ 1.2
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.
RLCUSDT - Short PositionI Saw a Clear Head and shoulder pattern...short in case of break through the Static support
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!
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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)
RLC/USDT gave a good demonstration of what is to come?RLC/USDT gave a good demonstration of what is to come.
It recently broke the bearish wedge going just below the 0.78% Fibonacci retracement level. After this movement, it is now showing signs that the buying zone will return hobbled on the chart to make new highs.
The profit potential is plotted on the chart.
This is just my idea, not financial advice.
Always do your own research.
RLC/USDT TRENDMASTERWait until candle close, see if this bullish divergence plays out.
Trendmaster printing is a buy signal.
RLC Long term longAs with other ideas, keeping it simple. stops are below the formation support, take profit level is un-determined.
RLC/USDTLONG
RLC/USDT
Red Lines
TPs sell in increments %
Green Lines
Buy scale in orders
White Line
stop loss
