RCN parrallel channel bottom bounce

Isn't it beautiful? =) You can see it so clear that it can't be true, yet it is. RCN even ignores some of BTC moves to stay within this channel and that is a good sign. It looks like the price is has bounced and now going up again. Just follow the main support and resistance lines (and keep in mind that they indicate areas). Targets are each of these lines. Once broken it becomes support where you may buy more. Just don't forget your stop-losses. The King is showing signs of revival but we should never forget that nothing is certain with Bitcoin. Keep your SLs at the right places to minimize your losses.

P.S. This is my trading idea that I want to remember and see if it works out, not a financial advice. Trade on your own risk!

P.P.S. Entered the trade at 294 and while was writing it went to 314. I bet its not the end =)

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After the pump coin should return back to 290-292 buy area. And then go up again.

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This signal already gave around 26% on RCN bounces up an down and up and down. Stretegy and TA is still valid while Bitcoin is rising so jump in.

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We have breakout of parallel channel. Well, its not actually the end as the price may continue up. Actually I do expect RCN to grow more but at this moment it is getting close to overbought level. Not yet but very close. So I recommend being very cautios.

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