Hello everyone. Excuse me for my english, i dont have very tecnical vocabulary but I hope my level will be enough to make you understand what i see!
Today i want to show you this idea about RLC / USDT.
RLC/USDT has it's own personality. Meanwhile everything is going to hell, RLC can go up.
Meanwhile everything is going up, RLC can be going down or in range.
This idea is good either for acumulating RLC for those who believe in the project and never have acumulated RLC, and also for people who want to try to take a 80% profit in a few weeks.
As you see, the price is respecting the purple line same as did in March.
I suggest to buy right now at any zone between the blue line and the purple line. I put the stop-loss there because a fast shakeout can happen. The risk/profit ratio is still good.
The price had been in long range between 0,17$ to 0,80$ and finally we could break that resistance with autority, and now is retesting the old resistance being a new support.
If price doesn't fall down and respects the trendline, it would be a higher high with higher low, expecting a new higher high and a new higher low.
If weekly candle closes down of the purple line, we will have reasons to worry about. But that's not the situation now.
I opened long witouth intention to sell because off the project. I may sell a part of the position if reaches the 2,20$, but I will be holding RLC for years.
But first TP would be 1,40$-1,50$. (Almost 100% profit from now)
Next one would be 2-2,20$
If you want to be more sure about this idea, or you dont want to have capital locked in this acumulation zone (wich could last many weeks from now), you could wait to see signs of strength.
I will be updating this idea. Good luck and I wish you tons of profits in your trades!
Marc.
Today i want to show you this idea about RLC / USDT.
RLC/USDT has it's own personality. Meanwhile everything is going to hell, RLC can go up.
Meanwhile everything is going up, RLC can be going down or in range.
This idea is good either for acumulating RLC for those who believe in the project and never have acumulated RLC, and also for people who want to try to take a 80% profit in a few weeks.
As you see, the price is respecting the purple line same as did in March.
I suggest to buy right now at any zone between the blue line and the purple line. I put the stop-loss there because a fast shakeout can happen. The risk/profit ratio is still good.
The price had been in long range between 0,17$ to 0,80$ and finally we could break that resistance with autority, and now is retesting the old resistance being a new support.
If price doesn't fall down and respects the trendline, it would be a higher high with higher low, expecting a new higher high and a new higher low.
If weekly candle closes down of the purple line, we will have reasons to worry about. But that's not the situation now.
I opened long witouth intention to sell because off the project. I may sell a part of the position if reaches the 2,20$, but I will be holding RLC for years.
But first TP would be 1,40$-1,50$. (Almost 100% profit from now)
Next one would be 2-2,20$
If you want to be more sure about this idea, or you dont want to have capital locked in this acumulation zone (wich could last many weeks from now), you could wait to see signs of strength.
I will be updating this idea. Good luck and I wish you tons of profits in your trades!
Marc.
Comment:
First TP reached.