RLC/USDT Uptrend. Channel. Triangle.

24 Eki 2021

Timeframe 1 week. The coin has been in an uptrend since the beginning of its existence. This trend has formed an uptrend with a large % step. Not a faith scam.

Coin in the coenmarket: iExec RLC

Liquidity is medium. on some exchanges is low, that's why big price movements are possible (stick pumping, also super squeeze to "zero" on 13 03 2020).

Notice what a breakdown in percentage of channel resistance was when pumping more than +2000%. It may well happen again if a secondary uptrend develops (after the breakdown of the triangle).

At the moment:
The primary trend is pronounced uptrend.
The secondary downtrend, which has formed a triangle, the price is clamped. Decoupling soon.

Secondary trend. Triangle area. Medium-term work. Timeframe 1 day.
RLC/USDT Medium-term work Secondary trend. Triangle area

Public trading idea of learning/trading in a pair to bitcoin.
RLC/BTC Main Trend. Timeframe.1 week. How to work on pamp?

Under the trade idea I have fixed my past work on this coin for the last 1.5 years.

2 Kas 2021

Not

Breakdown of +53% secondary trend resistance. A local pullback on a smaller timeframe.

30 Haz 2022

Not

30 Haz 2022

Not

A pair to a troubled stablecoin. You can use any other if you wish, it is your right. The price has reached the level of 0.79 and there is a local reversal from it. If the fractal structure is embodied, the second shoulder of the "head and shoulders" will be embodied in value, the percentage is significant. Marked the neck area. The potential for short work from this zone is also significant. Well, if it will be alternately rising and falling (that is, the embodiment of the formation).

Applies to any cryptocurrency. When there is a "window" in the market, limit losses in your work, especially when it comes to margin trading. All "renewal of hope and complete disappointment" is yet to come. Do not trade on illiquid exchanges (you will not be given money/cryptocurrencies). There will be a wave of liquidations of them like now hedge funds.

Let me remind you once again for the thirtieth time since 13 01. Part of the assets (do not keep the essential on the exchanges). Choose to work 3-4 liquid exchanges for diversification.

Nervousness generates volatility in the market, it turns into profit if you are immune from "fear" and do not think in "monkey repetition" of the actions of the main stream of market participants.