💎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...
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...
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
RCN/BTC
RCN is on a bull market as price broke multiple key resistance during its strong uptrend. Price is also trading above all moving averages including the 200 Day MA.
If the RCN can hold support between 570 - 520 sats and bounce up. I expect the potential to retest the previous Swing High.
We expect the price to continue to climb after testing the previous top , seize the good opportunity to buy
Entry : 517 satoshi 550
Target1/ 639
Target2/ 698
Target3/ 844
Target4/ 940
Target5/ 1430
Stop loss : Daily candle closed below 417 satoshi
Quick_update RCNBTC
T1 :- 437
T2 :- 492
T3 :- 593
T4 :- 711
S/L :- 371
Please support me by hitting like, share, comment and follow.
Follow me on Twitter @ hereLITAN
Thanks
According to Fibbonacci Level Restesting on 0.618 Now We Can Trade For Short Term and MidTerms.
RCN/BTC
Buy 480-510
Sell on 15% & 30% Profits.
Stop Loss 445
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For...
As always, ongoing learning!
In going over the RCNETH pair, I scanned before the flag to see if there were signs showing potential movement upwards before the flag.
I found what looks to be a double top along with a crossing above the signal line to indicate upwards movement.
Within the pennant itself, it seems that there is what looks like a double top as...
This continues to be another thought exercise for me. Hopefully it will be for you too.
Any comments about my approaches are welcome as we often best see the errors in others than we do in ourselves. It seems the market sometimes speaks well to me while other times, it's a completely foreign language.
Continuing the mission to dig myself out of negative...
