Hello! RCN just saw a massive spike. We didn't post the trade, but it was looking good. What I'm thinking is that this was a large wallet entering this coin. Chances are we're going to see a nice pump. So, here we go, RCN has packed its bags and set out on a Rocky Mountain High adventure!
We're sitting at base camp around 433 which is strong support. Our targets a.k.a camps are located below. Remember to always watch BTC when making alt trades. BTC stays stable or gradually increases and we'll see RCN hit the trails, hard!
Base Camp - 433
Camp Targets:
T1 - 470
T2 - 513
T3 - 565
T4 - 606
T5 - 645
Stop Loss - 420 (yes! lol)
Timeframe: Short Term (1 week)
Remember to take profits at targets and ladder buy on the retrace. Don't FOMO! Wait for the ideal price to come to you. We can gauge good buying prices in shorter time frames utilizing our Stochastic indicator. Trades are all based on BTC being flat or increasing. Most decreases in BTC will lead to Alts following suite in much larger increments. If BTC falls I recommend exiting Alt trades. Until this market turns bull, always use a stop loss!
May your stack see blue skies and brighter days!
- CK
Join us on Telegram!
Telegram Chat - t.me/rockymountainhighchat
Telegram Info Channel - t.me/rockymountainhighnews
Disclaimer: This is not meant to be trading advice but rather for education and analysis of the cryptocurrency markets.
We're sitting at base camp around 433 which is strong support. Our targets a.k.a camps are located below. Remember to always watch BTC when making alt trades. BTC stays stable or gradually increases and we'll see RCN hit the trails, hard!
Base Camp - 433
Camp Targets:
T1 - 470
T2 - 513
T3 - 565
T4 - 606
T5 - 645
Stop Loss - 420 (yes! lol)
Timeframe: Short Term (1 week)
Remember to take profits at targets and ladder buy on the retrace. Don't FOMO! Wait for the ideal price to come to you. We can gauge good buying prices in shorter time frames utilizing our Stochastic indicator. Trades are all based on BTC being flat or increasing. Most decreases in BTC will lead to Alts following suite in much larger increments. If BTC falls I recommend exiting Alt trades. Until this market turns bull, always use a stop loss!
May your stack see blue skies and brighter days!
- CK
Join us on Telegram!
Telegram Chat - t.me/rockymountainhighchat
Telegram Info Channel - t.me/rockymountainhighnews
Disclaimer: This is not meant to be trading advice but rather for education and analysis of the cryptocurrency markets.
Comment:
Dropped a bit more than anticipated coming out of the weekend but we're still fine. I stopped out at 420 but reentered @ 410. There was some heavy accumulation of this coin on September 18th, big fishies entered and we'll see it fly high soon enough.
Comment:
Stopped out again. The whale that accumulated is pushing the price down gradually. Let's let this drop down to the 200 EMA and we'll see what to do from there.
Comment:
Nice bounce from the 100 ema! Spiked it up to 449 this morning. Trade still looks good even though we're about 13 sats shy from base camp.
Comment:
T1 Hit