Long
RCN/BTC. We are just warming up
Updated
Yesterday, we saw RCN experiencing a parabolic move as theweekly update announced partnerships with Exchange union and Biocoin.
After news settled in, we saw a symmetrical triangular pattern which is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior uptrend.
MACD looks ready for a new run. RSI needs a little cool down to be ready.
I expect a slight downward movement to find support at 1245 sat.
Entry should be at 1245 sat. targets are 1454,1515,1580 based on capital management.
Stop loss placed below 1197 sat.
goodluck.
After news settled in, we saw a symmetrical triangular pattern which is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior uptrend.
MACD looks ready for a new run. RSI needs a little cool down to be ready.
I expect a slight downward movement to find support at 1245 sat.
Entry should be at 1245 sat. targets are 1454,1515,1580 based on capital management.
Stop loss placed below 1197 sat.
goodluck.
Trade active
Entry 1245Targets 1454,1515,1580 based on capital management.
Stop loss placed below 1197 sat.
Trade closed: stop reached
stop loss triggered. Damn you BTC!!!will update post once price settles
Trade active
Note
entry will be at 1087 with profit targets 1189,1235,1301. we wont place any stop loss. we already in the bottom. if price went below 1000 sat we buy more.
Note
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