RLC/BTC. Downward price channel. Bull Bat. Double bottom. Pump
Updated
Coin iExec RLC (RLC) is sold on leading exchanges such as Binance and Bitfinex. Never traded her. But, judging by the history of the price chart of many traders, this coin has made rich. And the main crowd of the market “who believed” made the poor. Downward channel with a fantastic step of 580% !!!!!!! Death to hamsters and fantastic earnings for traders. A perfect, directly harmonious Hartley bull bat pattern is being formed.
Entrance
1) Entrance to the breaks of the downward trend line Bull's bat.
2) Entrance is a double bottom from the support in confirming the potential figure.
3) A very unlikely scenario, from the bottom of the downward channel, if the world starts 8.
Stop loss
Who uses them in their trading strategy. Under key support levels during your entry into the market. I emphasize the correct entry point, and not the Stop Loss value. Greed and premature jerking engenders poverty.
Target
I showed on the chart from +200 to + 800%, but it’s conditional, it all depends on which trend and in what time period it will develop.
Cattle Carney Bull Bat
Those who like to pervert are the parameters of the harmonious pattern of Scott Carney based on the correction level of 0.886 from the XA movement. The Bat pattern looks like this:
1) There is an upward movement XA.
2) Point B - correction of the first wave from 0.322 to 0.5.
3) BC extension 0.382-0.886 from wave AB.
4) CD - extension from 1.618 to 2.618 AB.
5) D - rollback at 0.866 to XA. Here you can open long positions. Stop loss is located near the entry point.
There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
Entrance
1) Entrance to the breaks of the downward trend line Bull's bat.
2) Entrance is a double bottom from the support in confirming the potential figure.
3) A very unlikely scenario, from the bottom of the downward channel, if the world starts 8.
Stop loss
Who uses them in their trading strategy. Under key support levels during your entry into the market. I emphasize the correct entry point, and not the Stop Loss value. Greed and premature jerking engenders poverty.
Target
I showed on the chart from +200 to + 800%, but it’s conditional, it all depends on which trend and in what time period it will develop.
Cattle Carney Bull Bat
Those who like to pervert are the parameters of the harmonious pattern of Scott Carney based on the correction level of 0.886 from the XA movement. The Bat pattern looks like this:
1) There is an upward movement XA.
2) Point B - correction of the first wave from 0.322 to 0.5.
3) BC extension 0.382-0.886 from wave AB.
4) CD - extension from 1.618 to 2.618 AB.
5) D - rollback at 0.866 to XA. Here you can open long positions. Stop loss is located near the entry point.
There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
Trade closed: target reached
+ 80% from the breakout zone.
The trend continues.
The price approached an important level of the downtrend
Trade closed: target reached
+ 144% from the breakout zone of the pattern resistance. The uptrend continues.
Trade closed: target reached
Preset price level taken + 177.7%
Trade closed: target reached
Note
RLC / BTC at the moment, a symmetrical triangle with a fantastic base of 190% is forming on a trading instrument after pumping on a pullback. Enter on a breakout or retracement after a breakout to a breakout of this formation.
The coin has acceptable liquidity and has a margin that allows it to work in two directions. Available on Binance and Bitfinex.
It is worth noting that since this asset brought an acceptable profit and even after a rollback the price is far from the zone of the main players' recruitment, I recommend that beginners not participate in trading, especially on margin. Margin is not a game against price, but a game against the stock exchange.
Note
Note
Note
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