Here we have iExec RLC (RLCBTC) moving above EMA100 and also breaking above the orange trendlines on the chart... Turning this set up into an extremely bullish one.
NOTE | If prices break and close below EMA50/100 the above signals are invalidated. The week closes Sunday; we are looking at the weekly chart.
Other than this small detail we are extremely bullish on RLCBTC.
This is one of the many altcoins now trading above EMA100. Those that moved above this level on the weekly timeframe have been growing massively, so we can expect similar action if the same trend/pattern is followed.
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