RLCUSDT trade ideas
RLC: Double Pattern formingwith the current price the bias of a w(DOUBLE BOTTOM ) is playing out well but there is no volume on my OBV. so taking some profit and allowing the market to still run because another W PATTERN HAS FORMED AND ITS ON ITS LAST LEG
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SHORT PSE:RLC
RLC daily TF show strong bullish hellow friends
RLC found strong bullish it will continue to breaks the resisstance we got massive profit
coming month btc breaks abouve 32k rlc go to achive week ly resistance level
RSI shows uptrend
ATR shows voltality increase the uptrend
volumes divergens shows strong bullish trend
RLC@4HFact :
1. Observing weakness in the upward trend (according to the RSA indicator)
2. reaching the resistance range (of course, it is relatively weak)
Therefore, there is a possibility of price reduction. You can enter a short position with capital management
Overbought with Potential Support and Resistance LevelsLooking at the chart for RLC, we can see that the current price is at 1.973, with a 4-hour timeframe. The RSI is showing a value of 77, indicating that the coin is overbought at the moment. Looking at the Fibonacci levels, we can see that the 0.5 Fibonacci level is at 1.606, while the 1 Fibonacci level is at 1.657. These levels could act as potential support levels if the price were to fall.
On the other hand, the upper Bollinger band is at 1.982, indicating a possible resistance level if the price continues to rise. The lower Bollinger band is at 1.422, which could serve as a solid support level if the price were to drop significantly. The middle Bollinger band is currently at 1.703, and it may also act as a support level in the future.
Looking at the volume oscillator, we can see that it is currently at 13%, which is not too high but not too low either. The MACD is showing a value of 0.094, which is a positive sign. The stochastic oscillator is quite high at 95, indicating that the coin is in overbought territory.
The hourly EMA 50 is at 1.666, which may act as a support level if the price were to fall. The On-Balance Volume (OBV) is currently at 247.766M, which is a good sign and indicates that the volume is increasing as the price rises.
Based on the chart analysis, we can identify some key support and resistance levels. The 0.5 Fibonacci level at 1.606 could act as a solid support level if the price were to drop. The lower Bollinger band at 1.422 could also serve as a strong support level. On the resistance side, the upper Bollinger band at 1.982 may act as a solid resistance level if the price continues to rise. Additionally, the 1 Fibonacci level at 1.657 could also serve as a potential resistance level.
Overall, the indicators suggest that the coin is currently overbought and may see a correction in the near future. However, the increasing volume and positive MACD are encouraging signs for the long-term trend of the coin.
Rlc: Double bottom patternWith the double bottom playing out and the RSI giving a divergence move and the Neckline has broken with a nice retest we are confirmed to hit the upper part of the down trend
$RLC currently tad under resistance sensible to buy after flip but if you fancy front running and have conviction hop on ..
flip yellow goto infinity and beyond ( blue line first)
above 10/20 and 200 ema has consolidated here for a while needs some volume and bob's your uncle
RLCUSDT LONG#RLCUSDT
Weekly TF on the chart.
We can see that the coin is reaching for 100 ema for the 3rd time.
If you see the fixation of the Weekly Candle with a body above 100 MA, which is 1.8444, then the coin can grow up to 2.4-2.9
The prices that I have indicated on the chart are the support and resistance levels.
#RLC/USDT - Long - Potential 8.79%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_RLC
Exchange: BINANCE
Timeframe: 360
TP1: 1.992
Entry: 1.83
STOP: 1.668
Entry Conditions:
| Overhead resistance break
| Tracking over MA's
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Marketcap today 08-19-2022 $98,547,990
circulating supply (fixed) 86.999.785
RLCUSDT needs to hold the support!RLCUSDT is testing a crucial support level after experiencing a clear rejection from the $2.3 area, which is the weekly resistance level for the market.
If the price of RLCUSDT fails to hold this support level, it may likely retest it as a new resistance level according to Plancton's Rules, which is a technical analysis approach used in trading. In such a scenario, it may be a signal for short-term traders to initiate new short positions.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
RLC/USDT possible "Double Bottom" Hey guys 👋
RLC coin has a nice formation where we see a potential of "double bottom" to be formed here. main confirmation is still breaking that neckline zone but until that there is a hight probability of reaching it!
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Disclamer:
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$RLC IdeaHello Traders,
Rlc Chart looking really good on weekly . If BTC goes above 28k , could trigger mini or larger scale rally. There are many good news and promising developments happening. Please so some reading about it. First and second possible target is the area between color coded dashed lines. Upper resistance seems quite firm with this one.
RLCUSDAccording to the lead analyst of the Moonhub department, it is their belief that the asset, currently trading at $1.775 and having been unable to sustain its value above $2, will break out of the accumulative range in the next cycle and experience a surge towards $5.
RLC 15MinRLC 15Min has a big Imbalance
#RLC /USDT
Signal Type: Long
Leverage: Cross 20x
Entry Targets: 1.7985 ~ 1.7739
Take-Profit Targets:
1) 1.8758 ( 90%)
2) 1.9413 (160%)
3) 1.9959 (220%)
4) 2.0521 (280%)
5) 2.1348 (375%)
6) 2.2000 (440%)🚀
Stop-Loss: 1.7538 (-50%)
RLCUSDT1.Probobly one of the Best Short set ups in Alts right now.
2. Its in a giant bear Flag similar to what Matic is in if you zoom out on the Daily.
3. It pumped right into a sell order block and the bearish divergence on the money flow says it all
