RLB - Structure Update
RLB continues to build a phenomenal structure both in price and with our strength index. This next week could be a massive week for RLB given BTC starts its recovery.
What we want to see is RLB close a 3D candle above our red line in price while also closing our RSI above its red line which sits around 55. If we see another rejection from both these levels then we could see one more drop towards the green levels.
RLB is lining up to see some massive gains based on its current technical structure and also its deflationary tokenomics structure.
One additional key technical aspect of strength is the weekly timeframe. If you examine price vs RSI you can see a clear downtrend of lower lows while at the same time on the RSI a clear uptrend of higher lows. This is a clear bullish divergence that shows strength continues to increase when price drops. What this indicates is a high demand for RLB during dips.
What we want to see is RLB close a 3D candle above our red line in price while also closing our RSI above its red line which sits around 55. If we see another rejection from both these levels then we could see one more drop towards the green levels.
RLB is lining up to see some massive gains based on its current technical structure and also its deflationary tokenomics structure.
One additional key technical aspect of strength is the weekly timeframe. If you examine price vs RSI you can see a clear downtrend of lower lows while at the same time on the RSI a clear uptrend of higher lows. This is a clear bullish divergence that shows strength continues to increase when price drops. What this indicates is a high demand for RLB during dips.
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