✳️ Ripio Credit Network [RCN/BTC] on July 18 (#RCN $RCN #RCNBTC)RCN has dropped by nearly 50% from the peak of 12xx sts and now is the time to be able to buy back at a low risk.
Consider buying around 600-650sts and have a sell order around 950-1000sts because I think RCN will have a lot of beards on this area.
I will not think of higher prices for the moment
RCN
RCN/BTCI have taken a position in RCN around the 620-630 satoshi range for the following reasons:
1. Price sitting on support - horizontal price support and diagonal support
2. Falling wedge pattern on the 4 hour and daily chart.
3. RSI divergence on the 4 hour and daily chart.
Stop loss will be tight ~ 600 area, but since the rest of the altcoin market is going up, I suspect this will reverse soon. Technically this is a DeFi project (lending), which are all a little cool right now. Not a bad price to get in in my opinion. Not financial advice :)
The failure of the Komo cloud up and the green future cloudBase line break up
Fibonacci correction in region 55 to 65
rsi Ascending
$RCN$Hi All !
RCN Seems Good Opportunity For Swing Trading here
And Looks Price Correction ahead !
Failed to get support above $0.72 will lead down to $0.66 and $0.60 and $0.52 ....but in mean time there's very good opportunity for swing trading !
Cheers !!!
RCN $$$ Seems Like to have Price Correction Ahead !Hi All ! RCN failed to breakout from symmetrical uptrend triangle and now its on its way for price correction !
first stop at $0.082 - entry point (risk and reward 5-6%) exit @ $0.086.... can bounce back for uptrend after $0.086 otherwise it will decline and next stop would be $0.077 ...cheers !!!
Ripio Credit Network Moving, Next Short-Term Target MappedI just shared a chart two days ago for Ripio Credit Network (RCNBTC)... Prices are starting to move.
We have high volume and bullish indicators.
Here, I mapped the next 3 targets for you.
We are looking at '1st Target', '2nd Target', and 'Main Target".
The total potential profits now sit at 45%+.
Conditions for change
If prices drop and close below EMA50, the above signals become invalid and a new analysis is needed.
Previous analysis | May 6
Ripio Credit Network Can Do More
This is not financial advice.
Thanks a lot for reading.
Namaste.
Crypto Trading idea 1 - RCNBTCLooks like an simple trade to me. Great strength and overall backed by the trend where crypto lending products are pumping. The structure is very bullish and we could see Ripio follow Aave which has just had a strong pop. Despite the massive volatility it has held very well and it is creeping up. These trends usually end with a strong rally and don't just die down.
This is at least a 2:1 trade and the target could actually be much higher. I don't think it will top soon, but this could be a good first target.
From now on all my ideas will be recorded and stored here on TV. After missing another trade today by my own stupidity (not shorting the SPX at a level I had marked), it is time for me to take advantage of the Tradingview 'immutable blogchain'. I will try to write down and put out only the best ideas so that I can have a clean view of what is best and also be accountable to myself. Many times I have ideas I really like and never execute, so this could be a great way for me to do what I say (both as a reminder, having a better view and accountability). It will be a great way to get more people to get clean ideas which I haven't been sharing so far.
LONG - RCN - Trading OpportunityBINANCE:RCNBTC finally breaking and closing above this resistance that's been holding it for a couple weeks.
Entry: 0.00000566
Target 1: 0.00000598
Target 2: 0.00000628
Target 3: 0.00000689
SL: 0.00000538
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RCN - Alt coins Sherem ownsI 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.
-Sherem
RCNBTC Ascending channelCurrently in an ascending channel. I have provided the mirror support zone and the optimal buy zone, if this trendline collapses. A few bump and runs can be observed, also a pump and dump. Price is currently trading along the 1 fib level. MACD is also rising which is a promising sign. 4Hr chart.
Ripio Credit Network Short-Term Move | Easy 35%Here we have the chart for Ripio Credit Network (RCNBTC) on the 4H timeframe, so this move fast.
Right now we can see a break of EMA100 taking place, with EMA10 and EMA50 conquered earlier.
The RSI is strong. When volume comes in, RCN will make a jump.
Here are the trade numbers... Remember to hit LIKE!
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PAIR: Ripio Credit Network | RCNBTC
ENTRY: 0.00000580 - 0.00000620
TP1: 0.00000680
TP2: 0.00000755
TP3: 0.00000830
TP4: 0.00000870
STOP: Close 4h candle below 0.00000550.
----
Thanks a lot for reading.
Namaste.
------------
This is not financial advice.
Everything shared here, all the information, is intended solely for learning and entertainment.
[RCNBTC](596%) Ripio Credit Network Full TradeRipio Credit Network (RCN) Overview
RCN is an open global credit network that connects creditors, financial institutions, fintech companies and Decentralized Finance service providers on the blockchain, to create frictionless, transparent and borderless debt markets.
Ripio Credit Network (RCNBTC) Chart Signals
We have Ripio Credit Network, a strong cryptocurrency project, for a long-term trade. Let's take a look at the chart, we will look at our classic signals for bottomed out altcoins:
Here we have the classic bullish divergence on the MACD (purple arrows).
A low was hit on the 16-July. While prices continued to decrease, bear volume also decreased and the low was never re-tested. Now we see RCNBTC trading above EMA10 and market sentiment changing towards the bulls.
MACD bullish crossover.
Bullish RSI.
We can also see a broken downtrend and falling wedge:
Let's continue with the trade.
Ripio Credit Network (RCNBTC) Trade
Buy-in: 0.00000140 - 0.00000160
Next support: 0.00000115 - 0.00000130
Targets:
(1) 0.00000205 -Reached 18-Sept. (+32%)
(2) 0.00000260 -Reached 20-Sept. (+68%)
(3) 0.00000295 -Reached 21-Sept. (+90%)
(4) 0.00000345 -Reached 21-Sept. (+122%)
(5) 0.00000430 -Reached 23-Sept. (+177%)
(6) 0.00000485 -Reached 24-Sept. (+212%)
(7) 0.00000570 -Reached 26-Sept. (+267%)
(8) 0.00000635 -Reached 22-Oct. (+309%)
(9) 0.00000715 |Hit 1-Dec. (+361%)
(10) 0.00000940 |Hit 1-Dec. (+506%)
(*) 0.00000967 |Hit 1-Dec. (+524%)
(11) 0.00001080
Profits potential: 596%
(Buy calculated at 0.00000155)
Stop-loss: Close weekly below 0.00000100.
Capital allocation: <10%.
TO GET IT, TAKE ACTION & TRUST
In order to get what you want.
First, you take action.
And then you trust.
Namaste.
RCN/BTC Breaking Out Ascending TriangleRCN/BTC is located at the end of the Ascending Triangle graph formation. In the coming hours I expect BreakOut from this formation, probably upwards.
I will write here only important price levels that need to be monitored. Buy Zone 630sats to 600sats and we are currently in it. Stop Loss 515sats goes below the bottom of the trend. Take profits as always are more important resistances from historical graph development grafu. We are waiting for bullish signals like increased buy volume, BreakOut buy zone, RSI has room to grow. If we get out of the bottom trend, Sell.
$RCN, Long accumulation phase over support at ~535 sats...$RCN
Long accumulation phase over support at ~535 sats..
Both Daily and smaller timeframes are looking good but volume is not there yet...
This asset tends to do spikes so taking a position close to invalidation level (with a tight SL) may work...
#RCN
$RCN, Sitting over support level at ~410 sats with volume...$RCN
Sitting over support level at ~410 sats with increasing volume...
Similar to what we see today with other assets, we could aim for a bounce here with target at ~500+ sats
EMA50 & 200 acting as resistance, if crossed could act as another catalyst for the asset..
#RCN
Over the last few weeks I have been managing my Stop losses, Take profits and trading in general through the "Smart Trade" platform that 3commas offers... It has been a really nice experience
Thanks
RCN/BTC - Kijun bounce1D Kumo breakout happened, 4hr retrace secondary movement.
4hr kijun bounce trade likely coming and up we go over 600 sats on the next leg up!
Keep eyes on RCN one of the alts that is currently bullish!
Chart, Trade, Learn, Repeat!
Coach K
twitter: @coachkcrypto
Ripio Credit Network Grows 400%+ | Proof A New Cycle Is In PlaceRipio Credit Network (RCNBTC) grew by over 400% since early September... Proving that the altcoins (ALTS/BTC pairs) are entering a new cycle and this cycle is already in play.
If you look at the retrace, the bullish flag (marked with thin dashed red lines), it is really short.
This is extremely bullish, especially after the massive growth we saw that ended on the 26-Sept.
Yesterday RCNBTC started to move again and easily hit a new high. Confirming strength and sealing this new uptrend.
We have two charts for Ripio Credit Network that were shared recently.
One goes back to the 24-August before the bullish action started... You can see it below:
The next one is more recent and dates back to September 20 and shows the most growth:
Seeing Ripio Credit Network doing good and having additional growth, it is good for the altcoins market and all those that are involved.
More targets can be seen in the chart above.
Remember, this is technical/chart analysis and not a recommendation to buy or sell.
If you do decide to trade, remember to have a plan and use a stop-loss.
Any questions?
Use the comments section below.
Namaste.
All the information shared here by Alan Masters is 100% free of cost and intended only for educational and entertainment purposes only. We are not responsible for other people's actions. Always do your own research and make sure to have a plan before you trade.
RCN - Inverted Head and Shoulders - Breakout imminent?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 key to consider in this chart is the very strong accompanying relative volume on these price spikes, this is a very strong indicator of accumulation.
The inverted H + S pattern found on RCN is evidence of this, a fulfillment of this pattern would suggest a price target of $0.08.
RCNBTC Bullish divergence RSI. Buy Signal.This is simply repeating the November 2018 - March 2019 pattern that peaked at 0.00000945. It is the same RSI bullish divergence that led to the Ascending Triangle we are at currently. This in turn led to the final peak. My moderate target is 0.00000650.