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iExec RLC / TetherUS

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RLCUSDT trade ideas

✴️ iExec RLC (Update by request)This is a reply to @kush23456 in the comments section, this might be useful to others that follow RLCUSDT. It looks quite ready to move forward. First, here is RLCUSDT weekly: - Last week it moved above EMA50 and this week EMA100 and EMA10. - This is happening after 5 weeks of correction and within a higher low. - These are strong reversal signals but the week is still young. On the daily timeframe you get many more confirmations: - The high volume yesterday confirms the bullish action that is present in the past 11 days. - The correction low closed in a hammer and Doji and then strong up. - There is also a V shaped recovery pattern. This is a mixture of recovery signals followed by multiple confirmations. It is already growing and set to move higher. At this point one would look for an invalidation point since the bulls already confirmed having the upper hand. If RLCUSDT moves and closes daily below EMA300 (1.536) you can say the bullish momentum weakens but still there. If it moves below MA200 ($1.36) more weakness but the bullish bias remains intact. As long as it stays above the 10-March low, the potential is 100% up. We should see additional growth based on the current chart. I hope that helps. Namaste.
Long
by AlanSantana
3
iExec RLC price will be able to repeat the growth as in 2020 ?What is iExec RLC? iExec is a provider of decentralized computing based on the blockchain. Blockchain is used to organize a marketplace network where people can monetize their computing power, as well as applications and even datasets. This is done by providing on-demand access to cloud computing resources. IExec can support applications in industries such as: "big data", healthcare, artificial intelligence (AI), rendering, and fintech. Application vendors can monetize their algorithms, and data providers who own valuable datasets can make them available for use through iExec So why should you pay attention to RLC if the price stays above $1.30 in the coming days/weeks? the project was founded in 2016, and the RLCUSD, RLCUSDT trading pair has been on crypto exchanges since 2017 (it has survived more than one crypto winter, and is still developing) RLC token reached its maximum price at the peak of the DeFi boom, as it is directly related to the DeFi sector. RLC token can be used in the field of "artificial intelligence (AI)," and the hype around it is only gaining momentum. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
39
SasanSeifi💁‍♂️ #RLCUSDT /4H HI TRADERS ✌ The possible scenario of RLCUSDT is specified. As you can see, the price is currently trading in the range of $2 . According to the behavior of the candles, we can expect the price to grow to the range of $2.077 / $2.13 / $2.21.We have to see how the price will react to the 2.077 range. In case of stabilization above the range of 2.077, the target of 2.21 can be considered. ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Long
by SasanSeifi
RLCUSDT needs to create a new breakout!RLCUSDT is currently testing the daily resistance level after breaking out of a descending channel. This indicates that the price is experiencing a bullish trend, and traders may be interested in buying the asset in the hopes of profiting from further price increases. In order for traders to consider taking a long position in RLCUSDT, the price must first create a breakout from the 2.1$ area, and then retest it as new support. This means that if the price manages to break above the 2.1$ level, it should subsequently drop back down to retest this level and confirm that it is now acting as support, rather than resistance. If the price does confirm the breakout According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8