iExec RLC Perfectly Mapped, Long-Term Chart +188%

7 Jun 2020

We already looked at iExec RLC (RLCBTC) short-term, this chart is shared at the bottom of this post.

Now, we are looking at RLCBTC long-term, weekly (W) timeframe.

Here we have a very strong bullish chart... 100% green signals, let's get started!

• First, we have a strong wave that corrected all the way down to the 0.786 Fib. retracement support... Now, prices are starting to jump.
  
• We have prices moving above EMA10 and also EMA50 weekly. Going above EMA50 on the weekly timeframe is a very strong bullish signal.
  
• The trading volume is going in favor of the bulls (green).
  
• The MACD is showing a young bullish crossover.
  
• The RSI is curving up.
  
• Broken falling wedge pattern (the falling wedge is a bullish pattern).
  
• Perfectly hit higher low.
  

All of these signals are pointing UP! ...
Remember to hit LIKE to show your support.

Namaste.
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Previous chart perfectly mapped | May 9