iExec RLC (Binance: RLCUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, RLC began a wave one advance on December 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 15 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 27. If this wave count is correct, RLC should be heading next towards the May 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
RLC is the native token of the iExec cloud platform. In exchange for RLC tokens, users can utilize the network to rent servers, data and applications. You can watch their latest hype video below.
(Sources: iExec RLC and YouTube)
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