RLC/USD POSSIBLE FALLING WEDGE? LET'S SEE...
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RLC/USD is a token with low marketcap and, so, high volatility. Try to read a clear pattern is really hard, but if you match the trade the gain could be huge!
This is not a complex example to understand, here it is :
I think that RLC USD pair is drawing a falling wedge, seems that the price is moving sideways bouncing on the 0.37 $ support, that is also the 38,2% retracement of Fibonacci. If this trong support can hold the price until the end of the week, could be started a new bullish wave breaking the falling wedge.
1° Target : 0.44 $
2° Target : 0.51 $
In a bearish scenario the price could fall down to 0.29 $ (next Fibonacci retracement)
See you soon for the next update!
--> If you like my ideas leave a like or follow me for more updates of the graphs. You can find me also in Twitter cryptogabri . <--
-- This is not financial advice, for illustrative purposes only. Thanks! --
This is not a complex example to understand, here it is :
I think that RLC USD pair is drawing a falling wedge, seems that the price is moving sideways bouncing on the 0.37 $ support, that is also the 38,2% retracement of Fibonacci. If this trong support can hold the price until the end of the week, could be started a new bullish wave breaking the falling wedge.
1° Target : 0.44 $
2° Target : 0.51 $
In a bearish scenario the price could fall down to 0.29 $ (next Fibonacci retracement)
See you soon for the next update!
--> If you like my ideas leave a like or follow me for more updates of the graphs. You can find me also in Twitter cryptogabri . <--
-- This is not financial advice, for illustrative purposes only. Thanks! --
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23/06/2019 RLC Rejected from 0.40$ matched perfectly with the resistence of the falling wedge. Now the price is bouncing on the 0.29 support, if this price hold this support, a possibile break out is likely in the coming 29/06/2019. If the price is rejected again a fall to 0.26$ is likely.-- This is not financial advice, for illustrative purposes only. Thanks! --
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