#RLCBTC 1H has formed a Harmonic pattern & currently in a ascending triangle.
#RLCBTC Bullish Gartley pattern in works around 50fib retracement of the move from 11.7ksats-32.4ksats which also lies around the 61.8-78.6fib level of the recent spike from 20ksats-32.4ksats.
Currently price is nearing an ascending triangle breakout.
We should wait for confirmation i.e break of the triangle trendline resistance at 25ksats to enter the trade with
Open-25ksats
sl-24ksats , Risk-4%, Risk:Reward- 3.7
Target1-26.4k sats
Target2-28.7k sats
Trail sl to breakeven as Target 1 is achieved for a risk free trade for target 2.
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