💎Technical Analysis Summary💎 BINANCE: RCNBTC -Ripio Credit Network is approaching major support area -This zone is a confluence of previous multiple support -If you want to buy this crypto coin -Be patient and wait for the price touches key areas -Also, wait for proper confirmation like reversal patterns, RSI divergence, etc. -Because this will help you, in...
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.
RCN/BTC -The trendline resistance is broken last August 13 -The price today is pulling back to 600 sat area -Which is a previous resistance turned support -This pullback is healthy provided 600 sat will hold -If it manages to keep alive in the new few days -Chances of continuing higher are possible -Potential may reach up to 950 sat area -We all wish Bitcoin to...
RCNBTC. 1D. Slowly recovering from virtual capitulation. On support now and may well breach trend line 'A' from here. Worth watching for this as it should then have another go at the longer term trend line. When that finally gets pierced we should be looking at a good trade opportunity. Long term trend line corresponds well with Fibonacci.. The '$' sign is about...
According to Elliott wave analysis RCN is in an ABC correction and according to the Squeeze Momentum indicator and Wave Trend Oscillator (@ 3D TF) wave B will start soon. Wave B can be traded as counter-trade inside the ABC correction. It looks like that this ABC correction is a wave 2 on a higher TF and wave 3 will start after the C wave finds its bottom. For...
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 BTC Swing trade Buy range: 620-650 Target: 750, 810, 885
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...
KEEP AN EYE ON THIS COIN IT LOOKS EXTREMELY BULLISH RIGHT NOW AS WE HAVE BULLISH DIVERGENCE ON MACD AND RSI LOOKS GOOD TOO
Base line break up Fibonacci correction in region 55 to 65 rsi Ascending
RCNBTC (Ripio Credit Network / Bitcoin) 1D Long
In my opinion, between 765-770 is ok to enter. We will see.. (:
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 !!!
RCN/BTC -cross ultimate indicator signal is Long priority -found support at previous resistance -confirmed strong support at 800s -breakout of the pattern -new higher high is made -upside potential is up to 1500s -key stoploss is below green box support