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AnimusTheGreat
Mar 7, 2018 6:35 AM

RCN-BTC (less than two months for 200%) Long

Description

FA:
Ripio Credit Network should make their platform go live before end of April.

Pattern analysis and support:
- Dropping out from falling wedge around 78.60% fib level where buying pressure is expected in crypto. Waiting for reversal.
- Bounce from 0.00001200 minor psychological level

Indicators:
- RSI showing divergence
- MACD with 0 lag showing divergence
- MACD turning upwards
- Volume spike in past 5 days

Price targets:
- all the red zones depends how long you want to play it once we go up
- ATH @ 0.00003707
- Last optimal targets identified from distance of the bull run to ATH and with 161.80% fib level on pull back (high risk)

Trade closed manually

New chart required...BTC movment
Comments
StevenMaldonado
Even with BTC movements this still loks pretty close. Only 2 days in, but it may still be a good one to look at.
AnimusTheGreat
@StevenMaldonado, Yeah indeed. but now we have had lower high and lower low equilibrium. I am waiting for higher high and higher low which might happen if it stays in buy box for next 3 days
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