RCNBTC
Updated
RCN is looking good lately.
Considering the previous price action I would follow this trading strategy:
1. buy inside highlighted rectangle, considering that price will grow in future (use, stop if price will break previous resistance levels.
2. wait for more retrace and buy at previous support levels (orange dotted line), also use stop here.
Considering the previous price action I would follow this trading strategy:
1. buy inside highlighted rectangle, considering that price will grow in future (use, stop if price will break previous resistance levels.
2. wait for more retrace and buy at previous support levels (orange dotted line), also use stop here.
Comment
Trading by 1st strategy was successful 2 times during this time.
This can also suggest that we are forming a strong consolidation at this level for a future price increase.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.