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 is a strong signal.
So we got a breakout signal on the 10-Oct. and today we get another signal...
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.
Namaste.
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.
I have been waiting for RCN for a long time to reach this situation. You can enter this trade and gain some profit.
ATTENTION: Targets are for short, medium, and long term!!
Ripio Credit Network connects lenders and borrows in a decentralized, P2P manner. It looks to extend credit to those who can’t access traditional banking services.
This past month, Ripio updated its smart contracts to remain compatible with the liquidity protocol Uniswap. Uniswap will help Ripio users find liquidity when needed.
Looking forward, the team is...
Una gran divergencia alcista se ha ido formando en BINANCE:RCNBTC , rebotando repetidamente del mismo soporte varias veces, mientras que el RSI sigue subiendo. Gracias a que el soporte esta tan cerca tenemos la oportunidad de poner un buen SL.
Entrada: 0.00000615
Objetivo 1: 0.00000730
Objetivo 2: 0.00000796
Objetivo 3: 0.00000860
SL: 0.00000582
Momento™ no...
RCN has dropped by nearly 50% from the peak of 12xx sts and now is the time to be able to buy back at a low risk.
Consider buying around 600-650sts and have a sell order around 950-1000sts because I think RCN will have a lot of beards on this area.
I will not think of higher prices for the moment
I have taken a position in RCN around the 620-630 satoshi range for the following reasons:
1. Price sitting on support - horizontal price support and diagonal support
2. Falling wedge pattern on the 4 hour and daily chart.
3. RSI divergence on the 4 hour and daily chart.
Stop loss will be tight ~ 600 area, but since the rest of the altcoin market is going up, I...
Hi All !
RCN Seems Good Opportunity For Swing Trading here
And Looks Price Correction ahead !
Failed to get support above $0.72 will lead down to $0.66 and $0.60 and $0.52 ....but in mean time there's very good opportunity for swing trading !
Cheers !!!
Hi All ! RCN failed to breakout from symmetrical uptrend triangle and now its on its way for price correction !
first stop at $0.082 - entry point (risk and reward 5-6%) exit @ $0.086.... can bounce back for uptrend after $0.086 otherwise it will decline and next stop would be $0.077 ...cheers !!!
I just shared a chart two days ago for Ripio Credit Network (RCNBTC)... Prices are starting to move.
We have high volume and bullish indicators.
Here, I mapped the next 3 targets for you.
We are looking at '1st Target', '2nd Target', and 'Main Target".
The total potential profits now sit at 45%+.
Conditions for change
If prices drop and close below EMA50,...
Looks like an simple trade to me. Great strength and overall backed by the trend where crypto lending products are pumping. The structure is very bullish and we could see Ripio follow Aave which has just had a strong pop. Despite the massive volatility it has held very well and it is creeping up. These trends usually end with a strong rally and don't just die...
![RCNBTC: ✳️ Ripio Credit Network [RCN/BTC] on July 18 (#RCN $RCN #RCNBTC)](https://s3.tradingview.com/s/SPnUBuOG_mid.png "✳️ Ripio Credit Network [RCN/BTC] on July 18 (#RCN $RCN #RCNBTC)")
