This is what I see for Ripio Credit Network (see also my latest post on RCN): a bullish reversal pennant pattern.
Price is soon to break out of the simmetrical triangle forming under the flagpole that corresponds to the recent panic sell-off (Binance delisting and other delistings).
OBV on balance volume, after making a deep all time low, is ticking up strong...
Today I decided to make a buy at almost ground floor.
The chart looks somewhat awful... It has been in a bear maket for 3 1/2 years.
It has recently touched its all time low on 26th July 2021.
The RSI has touched an ATL as well.
However, 2 weeks ago, the historic volatility has been spiking, breaking out of a long, narrowing funnel !
Moreover, listening to King...
RCN / BTC (WEEKLY)
We clearly see a double bottom pattern has formed off the weekly chart of Ripio Credit Network, which after a long down trend it surely indicate a reversal.
Now it has broken up a past resistance that I wish to see it tested as a support to validate it around 280 sats.
I believe it has a big room to grow, I still am analyzing based on TA and...
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"
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.
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...
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.
Objetivo 1: 0.00000730
Objetivo 2: 0.00000796
Objetivo 3: 0.00000860
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...
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,...
price piercing threw the resistance and pain in trader "hahh moving without noticing fcuk rcn "
well it is in top 5 list of 2019 best investment coin along link.
with bitcoin movement price can touch trend line support 800 - 830 .. good buy here after halving is over if this want to be silent than big update is coming 2x trade possible. fucking...
BINANCE:RCNBTC finally breaking and closing above this resistance that's been holding it for a couple weeks.
Target 1: 0.00000598
Target 2: 0.00000628
Target 3: 0.00000689
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Currently in an ascending channel. I have provided the mirror support zone and the optimal buy zone, if this trendline collapses. A few bump and runs can be observed, also a pump and dump. Price is currently trading along the 1 fib level. MACD is also rising which is a promising sign. 4Hr chart.