RLCBTCProbability of profit in the short term
personal opinion
Buy and sell with more research
If you buy, stick to stop loss
RLCBTC trade ideas
RLC critical moment.Hello Traders,
RLC/BITCOIN is about to make a decision of the future trend direction, we are above a important support level, but on it seems to be a bearish acumulation pattern, now is time to be pacience and wait for more clear indications to go with the trend.
On the chart we mark important informations as entry points, and our objectives of the two direction,
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Best regard Sandro and Gustavo.
RLC/BTC (Bullish move?: up to 60% profit)RLC/BTC
RLC is starting to make a bullish move as the price started pumping and reached the downtrend resistance line at 6700 sats.
If we see the price consolidate within the green buy zone line.
This is a good potential buy zone for another leg up and eventually break this descending channel to the upside.
The stop-loss is placed under the candle at 4200 sats.
$RLC bounce again soon ? 06/03/2020RLC est tout simplement super depuis ma dernière analyse ! :)
Maintenant je prend ce trade pour du cours terme.
Divergence MACD / T3-CCI sur le daily
Support trouvé sur la ma 128 h1 pour le moment qui pourrait relancer le cours a la hausse...
Bon R/R si reveil de celui-ci
RLCBTC forming bullish Shark | A good long opportunityHi fox hope you are well, In my previous post the iExec RLC (RLC) formed bullish Shark on 4 hour short term chart and this trading idea produced more than 64% profit:
Now this time on 1 hour chart is forming another harmonic pattern and this time it is another bullish Shark. All legs are formed now the priceline is forming last leg.
The Pattern:
Lest’s dig the pattern deeper to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Crab pattern should be:
Buy between: 0.00006681 to 0.00006501 sats
Sell between: 0.00006855 to 0.00007228 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00006501 sats can be used as stop loss in case of complete candle stick closes below this level.
RLCBTC Long Potential as you see that our indicators refer to long signal for RLCBTC, so let's see its movement.
RLC/BTC Bullish, MidTermI will be buying RLC starting at 6600 down to 6050 in anticipation for a big leg up on a huge inverted Head & Shoulders. Once this coin gets goin it moves quick. Targets in the ballpark of 9000, 10500, 11000.
RLC BTC #RLCBTC (Short Term)
Buy: 0.00007113 - 0.00006757
Target 1: 0.00007326
Target 2: 0.00007611
Target 3: 0.00008180
Target 4: 0.00009247
Target 5: 0.00010670
Stoploss: 0.00006588
Invest: 3%
Risk/Reward: 5% / 54%
$RLC, Testing lower trendline of the ascending channel...$RLC
Testing lower trendline of the ascending channel (matching ~6100 sats support level & EMA50)
If it bounces from here (showing some rising volume), then a new test of 7700 sats could be in play (over 20% in price increase)
#RLC
RLCBTCUpdate: worked out well. Taking profit... waiting for a daily close to observe if there is still some room. But we are in desperate need for a retrace, coin is tired.
Btw. Tradingview now lets you see the close on all timeframes
RLC ANALYSIS (LONG OPPORTUNITY TO FILL THE HANDLE!)RLC is expected to form a cup and handle formation here as RLC hits the previous local support from the past years. RLC has seen a significant retrace and is expected to bounce from here to the 200 MA with an entry zone of 4200-5200 sats. It seems the reversal has already started therefore the chance of the lower end of the entry zone, near the 200 MA, will not likely be hit. I expect a rise to 100 MA at 6000 sats. Followed by 50 MA at 6990 sats. The handle will completely form after T3 and T4 successfully fill topping out at over 9000 sats. As long as BTC dominance doesn’t eat up the market, this setup is prime for long term success! Any stop loss should be set below the 200 MA as this invalidates the formation.
Possible Entries: 4200-5200 sats
#iExec RLC | Good Move Before Take OffA 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
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BULLISH on RLCRLC has a kumo -restest on the daily which went all the way down to the Kijun and is bouncing!
Very bullish setup and moved in at 7000 sats looking to TP at 8200.
Stop below kijun.
Trade, Chart, Learn, Repeat
Coach K
$RLC, Moving inside an ascending channel on the 1D$RLC
Moving inside an ascending channel on the 1D
Recently tested upper trendline & now retracing a little..
If pattern is kept, then a new retest of support should happen
On the other side, breaking from this channel should allow a leg up with target at ~10k
Set alerts!
#RLC
RLC/BTC - Round 2After finding support at the 0.618 and consolidating for a few weeks, I believe RLC is ready for another leg up.
My reasoning:
Location/structure: Strong support and nice structure "W" at the 0.618
Divergence: Confirmed histogram div, RSI looking good. Willy coming out of stupid. Strong OBV
VPVR: Lots of volume traded at this level
I should note there is a lot of unresolved business below. The 3300 - 5000 sat range has been a very weak area for the bulls in the downtrend, and for the bears in the uptrend. Right now, I'm not too concerned as the OBV gives us a nice bullish case in the short-medium term.
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