Resistance at 11.
Support at 9.8.
Either RLC will hit 50% again(FIBR) and bounce back up to resume bull run.
OR
It'll keep dropping passed to the 61.8% zone and will keep price of 10.5000 for a while.
Personally I think RLC is close to surpassing the $14! Let's see how it develops
RLC hase been stablised abov sma100 and hase potentian to grow for 25% more . the first target could be the crosiing value at sma200
I also see the 5th eliot wave in 24h time frame forming in RLCUSDT wich can grow the price
Hi guys..its the latest analyze chartof RLCUSDT in Weekly time frame .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Rlc / usdt
Analysis
Became back above trend support
Break trendline resistance
Bullish green candels
Break local resistance between 0.87-0.935
As long as RLC above this local support we can expect big pumps like before
Please have a plan before trading and use stoploss
Good luck and happy trading
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
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...
World's 100th ranked crypto out of more than 2300 cryptocurrencies iExec RLC (RLC) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look at the dimensions of iExec RLC price...
A currency #RLC has witnessed a strong rise in the previous months and is now in the process of correcting the wave, which reached 560%
We expect from this region to take the price up again
Do not hurry to buy, the price may go down to good places
Do not risk a large amount of your money
Please share your opinion in the comments box and do not forget to press...
Priceline of iExecRLC / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.4480 to 0.3739
Sell between: 0.5055 to 0.6449
Regards,
Atif Akbar (moon333)
