$RLC is holding above the 0.5359 SUPPORT after a strong move up... đ
Price is consolidating around 0.5892, with buyers still defending the range.
Look at this area... repeated reactions are forming around 0.54 to 0.56.
RESISTANCE is building near the recent 0.60 to 0.61 area â a breakout could open the way higher.
The 0.6730 level remains the major visible HIGH... đ„
RSI is around 62, showing bullish momentum without being extremely overbought.
Volume is currently below its visible moving averages, so a BREAKOUT needs stronger volume confirmation.
If price holds SUPPORT â another push toward RESISTANCE is possible. đ
But losing 0.5359 â the bullish idea weakens and the next reaction becomes important.
Follow for more chart analysis đ
Price is consolidating around 0.5892, with buyers still defending the range.
Look at this area... repeated reactions are forming around 0.54 to 0.56.
RESISTANCE is building near the recent 0.60 to 0.61 area â a breakout could open the way higher.
The 0.6730 level remains the major visible HIGH... đ„
RSI is around 62, showing bullish momentum without being extremely overbought.
Volume is currently below its visible moving averages, so a BREAKOUT needs stronger volume confirmation.
If price holds SUPPORT â another push toward RESISTANCE is possible. đ
But losing 0.5359 â the bullish idea weakens and the next reaction becomes important.
Follow for more chart analysis đ
