RLC has been on a massive run last week. However, since topping around the $1.4 area RLC saw a 30% decline all the way back to $0.98
If we draw a Fibonacci retracement, we can clearly see that the 0.618 retracement is right on $0.98, so strong support was expected there.
If can see more bullish/neutral price action from BTC I think that RLC is going to form a lower high somewhere between $1.2 - $1.3 in the near future. A bearish BTC will make it more difficult, but still plausible.
If we draw a Fibonacci retracement, we can clearly see that the 0.618 retracement is right on $0.98, so strong support was expected there.
If can see more bullish/neutral price action from BTC I think that RLC is going to form a lower high somewhere between $1.2 - $1.3 in the near future. A bearish BTC will make it more difficult, but still plausible.
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Feragatname
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🎯Official Channel: t.me/FieryTradingChannel
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✅Monster Signals: t.me/monster_cryptosignals
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.