⚡ One chart stood out this evening: RLC. The red line that kills it is on the image.
Backdrop first: BTC's regime is risk-on, which keeps the door open for alts.
$RLC stands out. It's graded B, in a continuation structure, trading around 0.809. The level that proves us wrong is 0.3825, about 53% below. Plenty of room, which also means it's run a long way already. That line has been on our record since 06 Oct - we don't move it.
Behind it, BTC, ZEC, SOL, NEAR, BNB and 2 others are all sitting at C - structure intact, nothing to get excited about.
3 didn't make the cut. ETH has sec talk in the headlines. XRP has event talk in the headlines. ADA's open interest jumped 31% in a week, so leverage is piling in.
Running tally: 26 setups logged, 5 confirmed, 1 invalidated, 20 still open.
Which red line gives way first - RLC (0.3825) or ZEC (1,042)? 👇
Structure research only, not investment advice. Crypto Edge · rkkiran4me@gmail.com
#CryptoEdge #MarketStructure
Backdrop first: BTC's regime is risk-on, which keeps the door open for alts.
$RLC stands out. It's graded B, in a continuation structure, trading around 0.809. The level that proves us wrong is 0.3825, about 53% below. Plenty of room, which also means it's run a long way already. That line has been on our record since 06 Oct - we don't move it.
Behind it, BTC, ZEC, SOL, NEAR, BNB and 2 others are all sitting at C - structure intact, nothing to get excited about.
3 didn't make the cut. ETH has sec talk in the headlines. XRP has event talk in the headlines. ADA's open interest jumped 31% in a week, so leverage is piling in.
Running tally: 26 setups logged, 5 confirmed, 1 invalidated, 20 still open.
Which red line gives way first - RLC (0.3825) or ZEC (1,042)? 👇
Structure research only, not investment advice. Crypto Edge · rkkiran4me@gmail.com
#CryptoEdge #MarketStructure
