Tellor (TRB) and iExec RLC (RLC) Technical Analysis: What to Expect?

Table of Contents

Rate this post

Bulls are back if Tellor and iExec technical analysis guide. RLC/USDT and TRB/USDT are at new 2021 highs, with possibilities of reaching $4.8 and $137, respectively.

Tellor (TRB)

DeFi is glued by reliable Oracle providers, of which Tellor forms a part of that crucial ecosystem.

Based on Ethereum, its native token is TRB.

Past Performance of TRB

In lock-step with DeFi, TRB technical analysis points to demand. The TRB/USDT is trading within a $15 zone in the last 24 hours, capped between $85 and $106.

At the same time, trading volumes are decent, adding 31 percent to $92 million on the last trading day.

READ  Human Rights Foundation Now Support Bitcoin Donations Through BTCPayServer

Day-Ahead and What to Expect

The TRB/USDT price is at new 2021 highs in a bullish breakout pattern above Q1 2021 trade range.

From the daily chart, TRB is up 17 percent on the last day at $100.

TRB has expanded versus the BTC and ETH, week-to-date.

Underlying momentum is also strong. TRB bull bars are beginning to align along the upper BB from the daily chart—an indicator of demand and high volatility.

TRB/USDT Price Analysis

Tellor Daily Chart for May 3

The TRB price is trading at new all-time highs, breaking above $90 and now changing hands at $100.

Accompanying the surge are average trading volumes—comparatively lower the end of April’s.

As a result, every low could be a loading opportunity for TRB/USDT bulls, who should now target $137—the 1.618 Fibonacci extension level of the Q1 2021 trade range.

READ  Iranian General Calls For Use of Cryptocurrencies to Evade Sanctions

Steep losses below $90—unwinding gains–invalidate the uptrend.

iExec RLC (RLC)

Decentralized computing will command a multi-billion-dollar valuation in years to come.

In this realm, iExec RLC is already an established market leader whose network is primed by the RLC token.

Past Performance of RLC

Reflecting the crypto market revival, the RLC price is up $0.52 on the last day, trading at $3.45 as of writing on May 5.

The RLC/USDT price is within a tight intraday range, oscillating between $2.90 and $3.49 at a time when participation has spiked 133 percent to $31 million.

Day-Ahead and What to Expect

RLC/USDT technical analysis suggests bulls and confidence.

The RLC price is trading within a bullish breakout pattern, as candlestick arrangements in the daily chart reveal.

Notably, there has been a confirmation of the three-bar bullish reversal pattern from Apr 23 to 25.

READ  Ethereum Gas Fees Decline Since The ATH But DeFi Users Still Not Happy

RLC/USDT Price Forecast

RLC Daily Chart for May 3

The uptrend is firm, and the RLC price is now trading above Apr 2021 highs.

If RLC prices close above $3.45, odds of the RLC/USDT rallying to $4.8—the 1.618 Fibonacci extension level of the Q1 2021 trade range will be high.

On the other hand, losses below the middle BB and $2.5 nullify the uptrend.

#DeFi #IExec #RLC #RLC/USDT #Tellor #TRB/USDT

Source: https://www.cryptoknowmics.com/news/tellor-trb-and-iexec-rlc-rlc-technical-analysis-what-to-expect

More from Republished By Plato

bitcoin
Bitcoin (BTC) $ 58,267.61 0.56%
ethereum
Ethereum (ETH) $ 4,096.49 3.84%
binance-coin
Binance Coin (BNB) $ 674.93 4.75%
dogecoin
Dogecoin (DOGE) $ 0.534379 0.12%
cardano
Cardano (ADA) $ 1.78 2.78%
xrp
XRP (XRP) $ 1.60 5.55%
tether
Tether (USDT) $ 0.999888 0.03%
polkadot-new
Polkadot (DOT) $ 40.66 3.88%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,484.55 9.54%
litecoin
Litecoin (LTC) $ 395.99 14.86%
chainlink
Chainlink (LINK) $ 51.35 7.68%
uniswap
Uniswap (UNI) $ 39.97 1.35%
stellar
Stellar (XLM) $ 0.708387 18.71%
vechain
VeChain (VET) $ 0.229023 5.03%
usd-coin
USD Coin (USDC) $ 1.00 0.02%
ethereum-classic
Ethereum Classic (ETC) $ 122.91 2.84%
solana
Solana (SOL) $ 45.07 0.74%
theta
THETA (THETA) $ 11.85 0.31%
tron
TRON (TRX) $ 0.144817 3.54%
filecoin
Filecoin (FIL) $ 145.54 0.80%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 58,335.30 0.38%
eos
EOS (EOS) $ 10.48 5.06%
monero
Monero (XMR) $ 476.31 3.34%
neo
Neo (NEO) $ 119.41 3.58%
binance-usd
Binance USD (BUSD) $ 0.999931 0.03%
shiba-inu
SHIBA INU (SHIB) $ 0.000019 17.45%
bitcoin-sv
Bitcoin SV (BSV) $ 364.26 1.54%
terra-luna
Terra (LUNA) $ 17.37 2.91%
pancakeswap
PancakeSwap (CAKE) $ 39.70 7.95%
iota
IOTA (MIOTA) $ 2.24 6.37%
cosmos
Cosmos (ATOM) $ 28.74 4.31%
aave
Aave (AAVE) $ 471.81 3.10%
ftx-token
FTX Token (FTT) $ 62.30 2.39%
tezos
Tezos (XTZ) $ 7.03 4.76%
maker
Maker (MKR) $ 5,322.18 1.45%
huobi-token
Huobi Token (HT) $ 28.93 12.45%
avalanche
Avalanche (AVAX) $ 40.70 11.33%
klaytn
Klaytn (KLAY) $ 2.16 0.16%
polygon
Polygon (MATIC) $ 0.941092 1.16%
bittorrent
BitTorrent (BTT) $ 0.007204 0.82%
multi-collateral-dai
Dai (DAI) $ 0.999523 0.11%
crypto-com-coin
Crypto.com Coin (CRO) $ 0.182653 5.62%
algorand
Algorand (ALGO) $ 1.52 2.67%
thorchain
THORChain (RUNE) $ 17.85 2.48%
dash
Dash (DASH) $ 416.64 7.67%
compound
Compound (COMP) $ 795.95 4.44%
kusama
Kusama (KSM) $ 446.83 0.64%
zcash
Zcash (ZEC) $ 307.56 2.78%
nem
NEM (XEM) $ 0.376511 2.28%
waves
Waves (WAVES) $ 32.24 6.40%