With the strong support trend, RLC has been developing on an ascending triangle pattern. The RSI shows consultancy on bulls, depicting an uptrend. High breakout potential confirms the bullish momentum of the middle-term and points to significant growth.
It has marked a breakout from a multi-year consolidation, thereby supporting strong bullish momentum for RLC. Also, RSI above 50 supports the continuance of the trend. The price will now strongly shoot upwards, while the market cap expands, confirming the bullish outlook.
The RLC/USDT liquidation heat map presents some probable buying pressure in the near future around the 2.2-2.3 level. Since the price has held firm at about 2.2, this is indicative of bullish momentum, with possible upside targeting 2.8. Longer-term, RLC is bullish.
Trade Details:
Entry: Around 2.906 ( Join my Binance live for premium crypto signals )
1st Tp: 16.160
2nd Tp: 55.576
3rd Tp : 201.228
$RLC #swap_crypto #RLC/USDT
{future}(RLCUSDT)
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