Jelmerrr
Long

Ripio (RCN) - Sleeping giant? Very strong during correction.

BITTREX:RCNBTC   Ripio Credit Network / Bitcoin
Risk: Low

Please be advised that this is only an idea, so you are responsible for any losses yourself.

Dear followers,

First of all, many thanks for following and liking my ideas. I have had some very busy days, so I didn't post new ideas past days. I'll be more active from now again and I'll also provide you with some (penny)stocks and currency. But for the most part I will focus on cryptocurrency.

What we saw was a great correction in the most crypto's past days. A coin that didn't correct is Ripio Credit Network.This is a very strong signal and it strengthens me in my thought that I am right about the potential of this coin. I really like their ideas, and RCN             will go live in April, so I expect a continuation of the uptrend coming months. I have this coin in my long-term portfolio and I wanted to inform my followers about this.

Bullish signals:
- Didn't correct during correction of almost all crypto.
- Trading channel

Buy: Now or at the bottom of the trend channel.

Sell: Hold or sell partially at the top of the channel.

Good luck!

Please, follow and like for more trading ideas.

Questions? Feel free to ask and your feedback is welcome!
Trade active:
snapshot


Ripio broke out its channel downwards during the crash and bounced the 61.8% fibbo level perfectly. Today we saw a 30% recovery. Next resistance to break is our old support line. We already tested it today, but we failed to break it. This could be a tough one.
Any ideas what resistance levels will be when it starts surging?
+1 Reply
@anmawra, Our first strong resistance is the channel line. If we breakout the channel, I'll update this idea with new resistance levels. ;)
Reply
@anmawra, Our first resistance is the channel line, when we breakout the channel, I'll update it ;)
Reply
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