Hi there,
RLCETH is one of the coin that I've been following for the trend channel price actions.
It seems at the bottom of the channel and located at the buy zone for spot.
This is just my idea and not a financial advise.
Please do your own analysis.
Cheers!
When the whole market is red with Bitcoin pairs or USDT and decreases! You can still make a profit in other markets!
The RLC pair has a profit position of 10 to 15% against ETH. RLCETH .
Everything is marked on the chart.
Do not forget capital management.
Do not forget to manage risk to Reward.
Good luck and profitable.
Great choice for the current downturn in the market.
Due to the downtrend of the market with Bitcoin and USDT pairs, the RLC option with ETH is currently a lucrative option and its potentials are well shown in the chart.
Good Lock.
technical analysis RLC/ETH 4H
Due to the exit of the price from the Como cloud
There is a possibility that the price will fall to the target range.
This is a possibility and not a signal to buy or sell.
Please be careful with your capital.
Thanks a lot
iExec RLC / Ethereum
Technicals
Bullish Divergence on MACD Daily
Reversal on Stoch RSI Weekly
Reverse Symmetrical Triangle Pattern
5 waves compose the reverse symmetrical triangle (A-B-C-D-E).
Each of the A-B-C-D-E waves is composed of three sub-waves, so it has a 3-3-3-3-3 configuration
Break of the down trend line on USD and BTC charts
...
RLC seems to be breaking out on a larger scale.
If it confirms by closing above with a second channel on the weekly then I predict rlc will keep rising quite a bit.
Closing below on the second candle would be a rejection.
In the short term it looks like RLC will continue to go up, although I expect a test of the upper part of the channel at some point. ...
