Hi followers, hope you are doing well,
RCN/BTC completed 3 wave corrective structure that stopped on previous support area,
Now after formation of higher low and nice flag, we maybe ready to go higher.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is...
RCN has just conquered the 220sts zone and is ready to move up to 350sts or even 600sts in April.
-Buy: 210-230sts. SL if B
-Buy: 340-360sts if A. SL if B
-Sell: 340-360sts. SL if A
-Sell: 590-610sts. SL if A
-Buy: 145-155sts. SL if B
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RCN is tested the major support zone and bounced exactly from there. RCN is a DeFi coin and many new updates are coming. We may see a good move in RCN in the coming days. This is a good setup for buying.
Buy Zone: 140-145
RCN is shaping up for a huge breakout on btc pairing. Volume rapidly building after a clear pump earlier got rejected into a retrace. this is prime launch material here.
RSI has loads and headroom and momentum indicators are all very strong.
I expect massive headroom from here out as alt season develops fully
Yesterday I marked this to make an idea for it and now It has gone half of the way up
Unlike the past spikes, It has come to this point by leaving multiple candles on the way so I hope it doesn't stop or come back down
This is the long-term chart for RCNBTC (Ripio Credit Network).
The last bullish wave went on for 950%, quite huge if you ask me... (This is illustrated on the chart)
A new bullish wave will start to take place now that a higher low is forming.
This new wave can go for 500% or much, much more.
This is a very strong altcoin pair because it remains on higher...
Just recently we looked at Ripio Credit Network (RCNBTC) and its bullish potential, the chart is shared below (Oct. 10):
Now, we have an even higher volume for RCNBTC compared to our last analysis, in fact, we have the biggest daily volume since September 2019, this...
Today's candle for RCNBTC is showing really high volume, signaling that this current move is the real deal... We can see additional growth.
There is bullish divergence on the MACD and a very strong RSI... We have 44% mapped on this chart.
Additionally, we see RCNBTC trading above EMA50 (magenta line).
Staying above this level would signal additional strength.
RCNBTC recently broke out of downtrend and is now trying to establish clear resumption from recent falls.
Stochastic RSI near 25.
RSI in grow move.
Price one more time uses MA 25 as trend line support.
First target 700 sat, next 830 sat. Be careful when price drops down below 570! Moving on 600 sat should be a confirmation of resumption.