RLC/USDT – 4H Bullish Outlook
RLC has broken out of the descending trendline and is showing early signs of strength. Price is currently consolidating just above the breakout zone, holding support around 1.23 – 1.25.
📊 Key Levels:
• Support: 1.23 – 1.25, 1.17
• Resistance: 1.31, 1.33, 1.41
• Target Zone: 1.62 – 1.72
🔥 Bullish Scenario:
As long as price sustains above 1.23 – 1.25, buyers may continue pushing higher. A breakout above 1.31 resistance would confirm further bullish momentum, opening the way toward 1.62 – 1.72.
📉 Invalidation:
If price falls below 1.17, this bullish setup becomes invalid.
RLC has broken out of the descending trendline and is showing early signs of strength. Price is currently consolidating just above the breakout zone, holding support around 1.23 – 1.25.
📊 Key Levels:
• Support: 1.23 – 1.25, 1.17
• Resistance: 1.31, 1.33, 1.41
• Target Zone: 1.62 – 1.72
🔥 Bullish Scenario:
As long as price sustains above 1.23 – 1.25, buyers may continue pushing higher. A breakout above 1.31 resistance would confirm further bullish momentum, opening the way toward 1.62 – 1.72.
📉 Invalidation:
If price falls below 1.17, this bullish setup becomes invalid.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.