RLCUSDT (RLC) - UPTREND CONTINUATION ANALYSIS 🔎
- RLCUSDT pumped and hit a swing high.
- Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level.
- Price action printed the double bottom trend reversal pattern at the retest area.
- Price brokeout above the double bottom neckline resistance.
- Price action is printing an ascending triangle pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level R1
- Horizontal resistance level R2 (swing high).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
