I have owned RCN since roughly September/October. I believe the upside is far greater then where we are now. At this moment in time it appears we are forming an ascending triangle and getting ready to move much higher.
Happy Trading and hodling.
Overall we are in the uptrend movement. But in the short term we are in the trend correction, We expect to see the prices touch the 0.618Fib with 200MA support, then we will considering get into this market at price $0.355, Teeka buy up to $0.04.
Last month was only the beginning for RCN, a powerful technical reversal pattern in play, filled with extreme volume and one of the best performs among the sector. The recent consolidation was as mild as it gets, given the adverse market conditions (ultra-bullish).
Now RCN is on the rise again, testing the recent highs, volume is picking up again and I'm...
As BTC and the rest of the overall market bleeds red, there are a select few gems out there signalling the brutal alt bear market may be in the accumulation phase, one potential is RCN.
Yes it is too late to call the bottom of the alt coin market, however, it is obvious that there are investors out there using this opportunity to accumulate.
Perhaps the biggest...
2/12/18 (4:40pm EST):
Short Entry (845) Target (500) Stop loss (930)
RCN like all cryptos are in a downtrend, consistently fallen and bounce off key support and fib levels after brief capitulation of about a week or so. Afterward, the price action rolls over and the volume increases to the downside until it reaches the next support or fib level.