Long
RCN/BTC. cool down before rally
After the last 48 hour rally. RCN is expected to cool down in the 1579-1606 area.
MACD confirms trend reveral and RSI seems to be Exhausted.
price is about to enter the kumoto confirm downward movement.
we can place our buy orders at 1579-1606 area depending on trend reversal.
profit targets should be 1717,1807,1896 based on capital management.
IF 1579 level is broke, we should expect support at 1494.
i will update my post then.
goodluck.
ill try to stay online to update post.
MACD confirms trend reveral and RSI seems to be Exhausted.
price is about to enter the kumoto confirm downward movement.
we can place our buy orders at 1579-1606 area depending on trend reversal.
profit targets should be 1717,1807,1896 based on capital management.
IF 1579 level is broke, we should expect support at 1494.
i will update my post then.
goodluck.
ill try to stay online to update post.
Note
signs of positive divergence appearing.Expect trade active soon
Trade active
Enter trade @ 1632 sat.Trade closed: target reached
congrats to all. target 1 reachedTrade active
Trade closed: stop reached
Stop loss @ 1606 reached
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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.