RLC/BTC Bottom In - RSI Support Retest Confirmed
Note the blue pennant formation in the chart as well as the corresponding formation in the RSI indicator. This formation has been building for more than 2.5 years.
The RSI pennant broke out of the wedge and retested it recently shown by the red-outlined circle, and indicates a bullish RSI signal.
Volume remains stubbornly low, but with rising price - another very bullish indicator.
Long-term price target remains at 0.0005 BTC.
The RSI pennant broke out of the wedge and retested it recently shown by the red-outlined circle, and indicates a bullish RSI signal.
Volume remains stubbornly low, but with rising price - another very bullish indicator.
Long-term price target remains at 0.0005 BTC.
