RLCBTC 1H. Trendline resistance becomes support and on the 1 hour chart price may soon find itself sitting on the 200EMA. With this confluence of factors including horizontal support I am looking at a long trade once & if this candle closes above the 200.
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...
If RLC closes today above 18k sats it looks really bullish for the very long term. It has been gaining steadily. The next resistance levels are at 20k 29k and 38k respectively.
Disclaimer: This is not financial advice. I'm fairly new to trading and I'm publishing my ideas for learning purposes. I'm open to any form of criticism.