✴️ iExec RLC (Update by request)

22 mar 2023

This is a reply to kush23456 in the comments section, this might be useful to others that follow RLCUSDT.

It looks quite ready to move forward.

First, here is RLCUSDT weekly:

- Last week it moved above EMA50 and this week EMA100 and EMA10.
- This is happening after 5 weeks of correction and within a higher low.
- These are strong reversal signals but the week is still young.

On the daily timeframe you get many more confirmations:

- The high volume yesterday confirms the bullish action that is present in the past 11 days.
- The correction low closed in a hammer and Doji and then strong up.
- There is also a V shaped recovery pattern.

This is a mixture of recovery signals followed by multiple confirmations.

It is already growing and set to move higher.
At this point one would look for an invalidation point since the bulls already confirmed having the upper hand.

If RLCUSDT moves and closes daily below EMA300 (1.536) you can say the bullish momentum weakens but still there.
If it moves below MA200 ($1.36) more weakness but the bullish bias remains intact.

As long as it stays above the 10-March low, the potential is 100% up.

We should see additional growth based on the current chart.

I hope that helps.

Namaste.