iExec RLC (RLC) Technical Analysis 2021 for Crypto Traders

iExec RLC is a blockchain-based decentralized cloud computing platform that lets users rent out their computer’s processing power to earn cryptocurrency. The company has recently announced plans for an ICO in the near future, and this article will explore what the future might hold for the project.

The iexec rlc price prediction 2025 is a technical analysis for the future of the cryptocurrency, iExec RLC. iexec RLC will be worth $0.00 in 2025.

We utilize historical data, price analysis, RVOL, MA, and other information about RLC to evaluate the cryptocurrency’s future trend in Technical Analysis of iExec RLC (RLC) in 2021. 

iExec is a major supplier of blockchain-based decentralized computing, which allows users to sell computing power, apps, and even datasets via market networks. It does this by allowing users to access cloud computing resources on demand. 

RLC may be used in big data, healthcare, artificial intelligence, rendering, and fintech applications. On October 16, 2016, it was founded with the goal of redefining cloud computing by introducing a new cloud computing paradigm.

Current Market Situation for iExec RLC (RLC)

The RLC price is now trading at $3.62, with a 24-hour trading volume of $32,288,393, according to CoinGecko. RLC, on the other hand, has fallen 6.8% in the past 24 hours.

In addition, there are 71,332,547 RLC coins in circulation. RLC is now available for purchase on Binance, FTX, Upbit, Gate.io, and HitBTC.

iExec RLC (RLC) Technical Analysis 2021 

iExec RLC (RLC) is currently ranked 185th on CoinGecko. RLC may be pushed to new heights by current advancements and improvements. Let’s take a closer look at the RLC technical analysis for 2021. The iExec RLC (RLC) daily time frame chart is given below.

Cup and Handle Pattern RLC/USDT (Source: Tradingview)

A cup and handle is a technical chart pattern in which the cup is formed like a “u” and the handle is sloped downward. A cup and handle pattern is a bullish indicator that extends an uptrend and may be used to identify long chances. Technical traders should set a stop buy order just above the upper trendline of the handle portion of the pattern when utilizing this indicator.

RLC is now trading at $3.67. RLC may then continue to decline or climb, depending on the breakout direction. With this pattern, RLC may soon hit the $8.45 resistance level. RLC’s price may fall below $2.04 if the trend reverses.

RLC (RLC) RSI by iExec

RLC’s relative strength index (RSI) is shown in the graph below. 

iExec RLC (RLC) Technical Analysis 2021 for Crypto TradersRSI RLC (Source: TradingView)

The RSI is still at 65.05. As can be seen in the figure above. This indicates that RLC’s price is almost overbought. This demonstrates the need of traders trading cautiously, since a big price reversal may occur.

RVOL iExec RLC (RLC)

The Relative Volume of RLC is shown in the graph below. It’s a metric that shows traders how the current trading volume has evolved over time in comparison to the prior trading volume.

iExec RLC (RLC) Technical Analysis 2021 for Crypto TradersRVOL RLC (Source: TradingView)

RLC’s RVOL is now below the cutoff line, indicating that it is one of the weaker players in the current trend.

RLC (RLC) Moving Average by iExec

The chart below depicts RLC’s Moving Average (MA). MA aids traders in identifying patterns.

iExec RLC (RLC) Technical Analysis 2021 for Crypto TradersMA RLC (Image courtesy of TradingView)

RLC is now in a bullish trend. RLC’s price, on the other hand, is above the 50 MA (short-term) and has a good probability of going higher. Furthermore, the RLC price is above the 50 MA and the 200 MA (long-term), indicating that it is fully bullish. Furthermore, there is always the potential of a trend reversal.

Price Comparison of iExec RLC (RLC) With Bitcoin

The price comparison between RLC and BTC is shown in the graph below. 

iExec RLC (RLC) Technical Analysis 2021 for Crypto TradersChart comparing the prices of RLC and BTC (Source: TradingView)

The trend of the BTC can be seen on the chart, and RLC is going in lockstep with the trend. This means that when the price of BTC rises or falls, the price of RLC rises or falls as well.

Conclusion

With the continuing improvements and updates to the RLC platform. In current crypto economy, iExec RLC has a bright future. RLC, on the other hand, has the potential to soar to new heights.

$5.78 is a bullish RLC price forecast for 2021. As previously said, it has the potential to achieve tremendous heights; nevertheless, if investors believe that RLC is a solid investment in 2021, it may reach $8.45.

FAQ

What exactly is RLC?

RLC is an open source cloud computing platform based on the Ethereum blockchain that is decentralized. Decentralized apps (dApps) that may use iExec cloud computing resources and technologies on demand are provided by iExec.

RLC may be purchased from a variety of sources.

Binance, Tokocrypto, Huobi Global, Upbit, and Hotcoin Global are just a few of the cryptocurrency exchanges that have RLC listed.

Will RLC be able to set a new ATH in the near future?

With the RLC platform’s continuing improvements and enhancements, it has a good chance of achieving its ATH shortly.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

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The rlc coin price prediction 2021 is a technical analysis for the cryptocurrency rlc. This analysis will provide information on how to buy, sell, and trade this coin in the future.

Frequently Asked Questions

Is RLC A Good investment 2021?

 

Is iExec RLC a good investment?

 

Can you trade Crypto with technical analysis?

I am not able to answer that question.

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