The 2021 gem everyone forgot just flipped bullish.
$RLC (iExec) dumped 98.52% from $16.35 ATH and got memory-holed. Now it's up 283% in 70 days with a single +160% weekly candle.
So is this the new cycle runner or a bull trap?
Technical Setup:
Multi-year support at $0.25–$0.31 held since 2019. Defended again in 2024.
Bullish flip confirmed: broke above $0.5257 (last weekly lower high). First HTF break of structure since 2024 top.
Full-body weekly displacement out of 10-week base = clear change of character.
Now testing R1 at $0.76 with 2024 descending trendline near $0.85–$0.90. Heavy supply zone right after a vertical pump.
Don't chase this candle.
After +160% weekly into resistance, expect 30–50% pullback. Chasing green is how you become exit liquidity.
Best dip entries: $0.47–$0.41. Both zones form higher lows and confirm the new uptrend.
Targets from accumulation: $1.37 → $2.85 → $5
That's 5x–12x if structure holds.
Invalidation: weekly close below $0.30
Patience buys dips. FOMO buys tops.
TA only. DYOR.
$RLC (iExec) dumped 98.52% from $16.35 ATH and got memory-holed. Now it's up 283% in 70 days with a single +160% weekly candle.
So is this the new cycle runner or a bull trap?
Technical Setup:
Multi-year support at $0.25–$0.31 held since 2019. Defended again in 2024.
Bullish flip confirmed: broke above $0.5257 (last weekly lower high). First HTF break of structure since 2024 top.
Full-body weekly displacement out of 10-week base = clear change of character.
Now testing R1 at $0.76 with 2024 descending trendline near $0.85–$0.90. Heavy supply zone right after a vertical pump.
Don't chase this candle.
After +160% weekly into resistance, expect 30–50% pullback. Chasing green is how you become exit liquidity.
Best dip entries: $0.47–$0.41. Both zones form higher lows and confirm the new uptrend.
Targets from accumulation: $1.37 → $2.85 → $5
That's 5x–12x if structure holds.
Invalidation: weekly close below $0.30
Patience buys dips. FOMO buys tops.
TA only. DYOR.
