RLC/ETH REVERSAL OPPORTUNITY (REVERSE SYMMETRICAL TRIANGLE)

2 feb 2021

iExec RLC / Ethereum

Technicals

• Bullish Divergence on MACD Daily
  
• Reversal on Stoch RSI Weekly
  
• Reverse Symmetrical Triangle Pattern
  
• 5 waves compose the reverse symmetrical triangle (A-B-C-D-E).
  
• Each of the A-B-C-D-E waves is composed of three sub-waves, so it has a 3-3-3-3-3 configuration
  
• Break of the down trend line on USD and BTC charts
  

Fundamentals

*Decentralised Oracles, Cloud Computing
*Enterprise Marketplace Launch Q1
*Collaboration and research with large industry players in the tech sector
*Total Supply = 86,999,785 RLC
*Circulating Supply = 80,070,793 RLC

Targets for RLC/ETH
TP1 = +-0.005
TP2 = +-0.008
TP3 = +-0.017

10 mag 2021

Trade attivo

Strong breakout, awaiting continuation onto TP1 and TP2.