IExec RLC (RLCBTC) has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, IExec RLC began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 15. If this wave count is correct, IExec RLC should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
IExec RLC is a blockchain-based distributed cloud computing platform. Nugget's News did some fundamental analysis on the token back in April.
(Sources: https://iex.ec/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "IExec RLC will takeout the May 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "IExec RLC will drop below the December 2017 low".
If you think IExec RLC is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "IExec RLC will stay in a trading range between the December 2017 low and the May 2018 peak until September 25".
(Chart courtesy of Tradingview.com (log scale))
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