#RLC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading toward a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.995.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are heading toward stability above the 100 Moving Average.
Entry price: 1.028
First target: 1.063
Second target: 1.102
Third target: 1.152
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading toward a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.995.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are heading toward stability above the 100 Moving Average.
Entry price: 1.028
First target: 1.063
Second target: 1.102
Third target: 1.152
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.