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

24 Eki 2021

Timeframe 1 day. Secondary trend. The main trend is clearly upward, which formed a channel. The price is at its lower zone (the green line of the main trend). The coin has been in an uptrend since its inception. Not a belief scam, a test of technology, and what will come out of it is another question... To understand the trends, see the linked trading idea of the main trend of this cryptocurrency.

Coin in the coenmarket: iExec RLC

The chart shows the secondary downtrend of this cryptocurrency. This trend has formed a triangle. The price is clamping down. A decoupling is coming soon.
RLC/USDT Uptrend. Channel. Triangle.

2 Kas 2021

Not

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

9 Kas 2021

Not

Pullback after impulse buyback +50%. Locally formed expanding triangle. Areas of potential reversal marked on the chart.

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.