already broken down trend if it can break 73 then next targets 12-13 and 19
Indicators going up, volume increasing slowly and it's not pumped well yet. Buy order at 60-63. Sell order 20%-30% for short term; for midterm: 60%-70%. Good Luck !
Most likely a cup is made. If the formation is confirmed, the next knock out can take place. You can earn money on the price increase until the end of the formation's formation and then on the break after finishing the formation.
RLC has been in a down-trend for a long time. But it has been looking to break that pattern a couple of times! We can expect at least a small run to the upper side of the channel and indicated targets. This is confirmed by Phoenix and cloud movement. If we manage to break the larger picture and resistance we can see over a short-mid term 1x-2x profit levels. Goodluck
RLC is rather new blockchain based cloud computing service, that in my opinion(!) is the best choice of all the other cloud computing services. RLC could be one of those coins that goes big in the next huge alternative coin pump. Diversify your portfolio by adding one coin that represents blockchain based cloud computing! TA-wise, big picture is still hard to...
So, generally my idea is that RLCBTC price will correct soon for 15%-20% in 1 week approximately, if not it will go lower to 7700 level. Pay attention to RSI indicator, it touched lower border, which is good signal to buy it.
RLC is moving at deeps it might try its down resistance line. 0.00012366 is stop loss.
Blue lines: Resistant lines Red lines: Support lines Green lines: Trend lines Comment: After touching support line of the channel, it bounce up very quickly and reached the resistance line several times. This time I expect similar movement in the channel as well. Good luck.