RIC (RIECOIN) - One of Two Uncrowned Poloneix Kings
Updated
RIC is one of two coins that are due for a moon on Poloniex currently. HUC being the other. HunterCoin's major burst was based on a later wick, so we are using the same logic here for RIC. A cross of the pink macro line is a powerful indicator of a big move. Buying now is somewhat risky, your only safety net being the monthly pivot @ 5000 which is a 35% risk. A breach of trend gives us a support of the previous consolidation (right now -- purple box), lowering our risk to 15-25% depending on factors.
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Edit: Also notice RSI, still above 60 RSI and above bullish trendline.Disclaimer
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