RLC / BTC Falling Wedge. Local work.

RLC / BTC Local operation. Descending wedge. Under a downtrend (wedge resistance) in a local uptrend, an upward triangle forms at its peak, which, in cases of confirmation and breakdown, will break through the wedge resistance (downtrend line).

Input
Entrance on a breakthrough or rollback after a breakthrough of a given local figure or if lateral movement begins - breakdown and price fixing above a descending trend line (wedge resistance).

Fixing the price above it will mean a reversal of the main trend. Before, time should not enter the market, as the trend is globally expressed in a downtrend. In cases of not overcoming the resistance of the wedge or not fixing the price - movement inside the wedge canvas and the continuation of the downtrend.

A similar situation was the coin Tron a few months ago. Then all the wedge goals for my trading idea were taken.

Compare the graphs. TRX / BTC.

TRX / BTC Falling Wedge. Work on a coin. Breakdown of the resistance of the wedge.

The TARGET is taken. Estimate the accuracy of the forecast. After the breakdown of the downtrend line of the wedge trend (resistance) and price fixing above it.

Target
If an upward triangle is formed in the wedge and it will be broken up. The target is the width of the base of the triangle. Perhaps this will be the emergence of an uptrend. Pamp Coin Binance and Bitfinex. Therefore, if a reversal occurs, this is the first local target. The following price levels are shown on the chart. You need to understand that the goal is not a line, but a zone near the target level.

Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.

This is a RLC / BTC coin in a main trend

RLC / BTC Downlink. Bull Bat. Double bottom. Pump.

Комментарий:

+23% in 3 days

Сделка закрыта: достигнута тейк-профит цена:

+ 36% after breaking the ascending triangle.
Local ascendant pennant.
Movement in a local uptrend.

Сделка закрыта: достигнута тейк-профит цена:

2 target achieved with sniper accuracy + 54.62%
the trend continues

Комментарий:

The local uptrend continues + 77% from the moment of breaking the resistance of the rising triangle + resistance of the falling wedge

Сделка закрыта: достигнута тейк-профит цена:

+ 120% The trend continues

Сделка закрыта: достигнута тейк-профит цена:

+150% the trend continues

Сделка закрыта: достигнута тейк-профит цена:

+225% The uptrend continues.

Сделка закрыта: достигнута тейк-профит цена:

+ 357% clearly at the level indicated in the last update.

Комментарий:

RLC / BTC at the moment, a symmetrical triangle with a fantastic base of 190% is forming on a trading instrument after pumping on a pullback. Enter on a breakout or retracement after a breakout to a breakout of this formation.
The coin has acceptable liquidity and has a margin that allows it to work in two directions. Available on Binance and Bitfinex.

It is worth noting that since this asset brought an acceptable profit and even after a rollback the price is far from the zone of the main players' recruitment, I recommend that beginners not participate in trading, especially on margin. Margin is not a game against price, but a game against the stock exchange.

Комментарий:

There is a breakout of the triangle support. The price has reached an important level. U-turn zone.

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