Currently RLCBTC is gaining a lot of momentum. SMA 100 RLCBTC has tested the 100 SMA quite extensively over the last month. After it broke out downward of the Ichimoku cloud beginning of september we were negative on the performance of iExec. But the SMA 100 was succesfully tested. Potential MACD crossover coming up A bullish crossover occurs when the MACD...
RLCBTC 4H. Pumped even further right after Chico Crypto's uTube video the other day. Probably not a coincidence. In a nice descending channel. RLC has retraced somewhat now and is finding support at Fibonacci 0.5. Probably some upside from this level for a scalp but I am looking for a retest of trend line 'A' partly as I believe BTC is heading for 9600 and RLC...
Looking at the current price action, RLC/BTC is forming a double bottom, which so far has been rejected. This could invite buyers over the coming weeks, resulting in a correctional move upwards or even a trend reversal. Nevertheless, Moving Average has to be broken for the wave up to start, only then price could be heading towards one of the Fibonacci resistance...