RLC LONG IDEARLC falling wedge pattern detected in 6h timeframe. Also it is forming double bottom which is bullish sign for upcoming days. Expecting a bullishness from current price. If it gets some momentum then we will see 50% to 100% growth in upcoming weeks.
Targets could be 1.7, 1.9, 2.2, 2.6, 3.0
STOP 1.4
RLC
RLC: 📈 Watch for potential opportunities.💎 Paradisers, #RLC is exhibiting a bullish market structure and might gather liquidity before reaching the bullish Order Block (OB).
💎If #RLCUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish OB, we can anticipate a bounce from that point.
💎Should the bullish OB break down without any CHoCH or BOS, a bounce from the demand area might be expected, but we'll need confirmation before proceeding.
💎If the price breaks down both of these levels without any confirmation, it would be prudent to overlook #RLC for the time being.
RLC/BTC long idea, possible cup and handleiExec (RLC), not financial advice.
Possible cup and handle in play here on the daily
Entry: 2067
Target 1: 2317 (2200 short term)
Target 2: 2510
STOPLOSS: 2019
possible profit 12% - 22% (6.4% short term)
possible loss 2.32%
Risk/reward 5.21 - 9.23
Keep your eyes on bitcoin!!!!!!!! could throw off the numbers, trail your stop if you'd like to protect gainz. Always play for satoshis!!!!!! RESPECT STOPLOSSES