iEx.ec (RLC) - Descending Channel (Consistent 32-38% Profit)

RLCBTC is a new coin that has very, very recently been listed on Binance. As of now, it seems to have formed a descending channel to consolidate after its recent breakout, which is excellent for trading the highs and lows. Depending on how long the channel lasts, this can result in >40% profit in one swing, due to the decreasing trend and nature of the current volatility. Let's see if it lasts that long. It also has potential to form into a bullish flag, should it break upwards - I will publish a separate analysis, should it happen.

As always, trade with care.

If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated!
BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM
ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e