A great project with strong fundamentals and the potential to provide decent BTC ratio gains during the start of the altcoin cycle
Fundamentals:
Technicals:
Targets for RLC/BTC
Fundamentals:
- Promising project with a technically knowledgable team, decentralized Oracles (look at what happened in price action compared to LINK), Cloud Computing for graphic 3d rendering and AI (machine learning models), etc.
- Enterprise Marketplace Launch Q1
- Collaboration and research with large industry players in the tech sector
- Total Supply = 86,999,785 RLC
- Circulating Supply = 80,070,793 RLC
Technicals:
- Weekly MACD histogram showing bullish flip on the weekly chart
- Parabolic SAR indicates a start to a potentially strong uptrend on the daily chart
- Price broke out of the long-term bullish descending wedge and formed a medium-term bullish descending wedge
- Price forming Ascending triangle on 4h chart
- Long-term Gann line acting as support should the ratio drop
- EMA Cross on daily (20 EMA ready to cross above 50 EMA)
- Fractal points to a future price increase up to at least red horizontal or orange resistance lines
Targets for RLC/BTC
- TP1 = +-0.00021
- TP2 = +-0.00026
- TP3 = +-0.00039
- TP4 = +-0.00057
トレード稼働中:
Strong breakout of descending wedge, TP1 (1.0 Fib level) hit. First take-profit level. Awaiting formation of consolidation structure/correction before moving on up to TP2.