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iExec RLC / TetherUS

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RLCUSDT trade ideas

RLC/USDT Break alert!! Bullish momentum for RLC movement.💎 Paradisers, #RLC is indeed a coin worth monitoring closely. 💎 Having successfully broken out of the descending resistance, RLC is showing bullish momentum, especially after a recent false breakout. 💎 However, the current rejection near the resistance area around $3.3 suggests a potential pullback to the lower time frame (LTF) demand area before resuming its upward trajectory. To confirm a return to bullish movement, RLC needs to break above the resistance level, potentially leading to a retest of our target strong resistance area. 💎 Should RLC fail to bounce from the LTF demand area and instead break below it, this could signal continued downward movement, with the next significant level being the key support area around $2.1. 💎 If RLC reaches the key support area, it becomes crucial for the price to bounce from this level, as it represents a critical support zone. Failure to do so could lead to further downside momentum, confirming bearish sentiment and potentially pushing the price even lower. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
1
$RLC looks amazing for a midterm Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of two consecutive troughs (lows) with a peak (high) between them. The lows are approximately equal and signify a possible reversal in the downward trend. **Confirm the Pattern**: Before initiating a trade based on the double bottom pattern, it's essential to confirm its validity. Look for several signs to confirm the pattern: ` - Volume: Ideally, the volume should decline as the pattern forms and increase when the price breaks above the confirmation level. - Symmetry: The two troughs should be roughly equal in depth and width, forming a "W" shape. - Price Breakout: Wait for the price to break above the peak (high) between the two troughs, confirming the pattern. ` **Entry Point**: Enter a long position (buy) once the price breaks above the peak (high) that separates the two bottoms. Some traders prefer to wait for a slight pullback after the breakout for a better entry point. **Stop Loss Placement**: Place a stop-loss order below the lowest point of the double bottom pattern or slightly below the breakout level. This helps to limit potential losses if the pattern fails to hold, and the price resumes its downtrend. **Take Profit Target**: Calculate the distance between the lowest point of the pattern (the bottom of the "W") and the peak (high) that separates the two bottoms. Then, project this distance upwards from the breakout point. This distance can serve as a potential target for taking profits.
Long
by Crypto-Adda_Official
RLC/USDT Ready to Take Juicy Liquidity Present Above? 👀🚀💎Paradisers, eyes on #RLCUSDT as it dances within an ascending triangle, hinting at a thrilling upward breakout. If it breaches through, brace for a significant bullish wave. 💎Here's the twist: if #iExecRLC stumbles at the triangle's lower edge, we're banking on a bullish pivot from the $2.83 support. This level is drenched in liquidity, marked by past rallies and vibrant green candles. 💎If GETTEX:RLC dips below $2.83, watch for a bullish swing from the $2.078 zone. A failure to rebound here might unleash a sell-off spree. Stay nimble and prepared to shift gears as we chart #RLC's course through these market waves.
Long
by MyCryptoParadise_Simon
2
RLC/USDT LOOKS PROMISING FOR BULLISH MOVE The RLC/USDT pair is currently exhibiting a breakout from a triangle pattern on the 4-hour timeframe chart. If this breakout is successful, we may anticipate a bullish move ranging between 20% to 40%. It is advisable to exercise caution and wait for confirmation of the breakout before considering any trading decisions. Please note that this information is not intended as financial advice. It is crucial to conduct thorough research (DYOR - Do Your Own Research) and consider various factors before making any investment decisions. Trading in the cryptocurrency market carries inherent risks, and it is important to stay informed and use proper risk management strategies.
Long
by Crypto-By-Ghazi
RLC/USDT Lose Moment to upward, Keep an eye on the OB or demand.💎 RLC has recently encountered significant developments in the market. There is potential for RLC to retest the Bullish OB around $3.55 before resuming its upward movement and possibly reaching our target area. 💎 However, if RLC fails to bounce and instead breaks down below the Bullish OB, the next support level to watch for is around $2.8. 💎 The demand area holds significant importance, as a strong bounce from this level could signal continued upward momentum for RLC. However, if RLC breaks down below the demand area, it would indicate a shift to bearish sentiment, potentially leading to further downward movement.
by MyCryptoParadise
1
iExec RLCWhat Is iExec RLC (RLC)? iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets. It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm. Total Supply 86,999,785 Strongly undervalued price comparing to Total Supply. Partnered with Microsoft Azure few times ago. ------------------------------------ Trading Parts : ------------------------------------ Buy Zone : 4.7$ (Now) - 4$ (Rebuy More) TP1 : 7.5$ (Security TP) TP2 : 15-16$ TP3 : 24.5$ STOP : 2.8$ ------------------------------------ Stay Safe + Follow TheKing Happy Tr4Ding !
Long
by thecryer
26
RLC/USDT Indicating continue the upward movement for RLC!💎 RLC has recently undergone notable market dynamics. Following its breakout from the supply area, RLC experienced a significant upward movement, with no retesting observed thus far. 💎 RLC can retest the demand area and subsequently bounce for further upward movement. However, if RLC breaks the resistance without retesting the demand, it could signal a continuation of the upward movement towards our target area. 💎 On the other hand, if RLC fails to bounce during the retest of the demand area and instead breaks below it, this could be interpreted as a bearish sign. In such a scenario, the price of RLC may continue its downward trajectory, leading to further declines.
by MyCryptoParadise_Nathan