RLCUSDT chart 1W - $RLC start of
#Uptrend !
RLC is in long-term accumulation, the current level can be an ideal point for investment, long-term purchase or quick deal!
Check out my technical analysis:
On the daily/weekly chart and the RSI indicator, an ideal inverted head and shoulders pattern has been formed, all conditions are met and a double retest of the neck level has been made. Often, traders open a position after the retest of the neck level in order to protect the deal from manipulative downward movements that we see on the chart. This pattern has a very high win rate and even more strongly indicates the start of Uptrend.
MA50: The $1.85 resistance level is the closest price attraction zone, which if broken will quickly accelerate the price to MA100 and MA200 ($2.15 and $2.30). The charts show a surge in volumes, falling lows and a double test of the MA50 resistance level ($1.85), after which the price returned back to the accumulation zone, which may signal accumulation of positions by major players in the market.
#MACD 1W - Having studied the history of the chart for the last 4 years, each intersection works flawlessly and signals the beginning of a strong uptrend (see vertical lines).
The iExec project is approaching a week of important events at Devcon week in Bangkok: numerous conferences, meetings, announcements, collaborations, grants that will positively affect the price of RLC - historically, green months for
#RLC begin in November.
10.11 Decentralized Data Summit
11.11 Ethereum Cypherpunk Congress
12.11 Grants Pitchday Devcon with $500k in grants (iExec, Avalanche, Polkadot, Taikai collaboration)
13.11 DeCC x Shielding Summit
14.11 Afternoon TEE Party by iExec & Oasis
Important information: iExec are leaders in Confidential Computing and closely cooperate in this area with Nvidia, Microsoft and Intel. Check out the
#iExec ecosystem map - they are building a platform for integrating security tools into any applications from AI to Medicine, allowing you to protect and monetize data. The platform's capabilities are so huge and affect any trending sector, from Decentralized Data Oracles with TEE to tokenization of any data, even video or audio for subsequent monetization of this data, as well as secure and collaborative machine learning while maintaining control over the AI datasets.
The US elections have given a positive reaction to the market, there is a huge influx of liquidity into the
#crypto market. I expect a strong uptrend for RLC with the overcoming of the historical ATH and if
#Bullrun starts to reach large scales - new highs at the level of 30-40 dollars and above.
Do you think the price will reach $75-100 to the upper border of the fibo channel?
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