Yesterday, we saw RCN experiencing a parabolic move as theweekly update announced partnerships with Exchange union and Biocoin. After news settled in, we saw a symmetrical triangular pattern which is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior uptrend. MACD looks ready for a new run. RSI needs a little cool down to be ready. I expect a slight downward movement to find support at 1245 sat. Entry should be at 1245 sat. targets are 1454,1515,1580 based on capital management. Stop loss placed below 1197 sat. goodluck.
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Entry 1245 Targets 1454,1515,1580 based on capital management. Stop loss placed below 1197 sat.
Trade closed: stop reached
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stop loss triggered. Damn you BTC!!! will update post once price settles
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entry will be at 1087 with profit targets 1189,1235,1301. we wont place any stop loss. we already in the bottom. if price went below 1000 sat we buy more.