RLC/USD is a token with low marketcap and, so, high volatility. Try to read a clear pattern is really hard, but if you match the trade the gain could be huge! This is not a complex example to understand, here it is : I think that RLC USD pair is drawing a falling wedge, seems that the price is moving sideways bouncing on the 0.37 $ support, that is also the 38,2% retracement of Fibonacci. If this trong support can hold the price until the end of the week, could be started a new bullish wave breaking the falling wedge. 1° Target : 0.44 $ 2° Target : 0.51 $ In a bearish scenario the price could fall down to 0.29 $ (next Fibonacci retracement)
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23/06/2019 RLC Rejected from 0.40$ matched perfectly with the resistence of the falling wedge. Now the price is bouncing on the 0.29 support, if this price hold this support, a possibile break out is likely in the coming 29/06/2019. If the price is rejected again a fall to 0.26$ is likely.
-- This is not financial advice, for illustrative purposes only. Thanks! --
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