RCN/BTC (Test Major Support?)💎Technical Analysis Summary💎
BINANCE: RCNBTC
-Ripio Credit Network is approaching major support area
-This zone is a confluence of previous multiple support
-If you want to buy this crypto coin
-Be patient and wait for the price touches key areas
-Also, wait for proper confirmation like reversal patterns, RSI divergence, etc.
-Because this will help you, in the long run, to be profitable
-And you can place a pre-defined risk level every trade
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
Rcnbinance
RCN/BTC (Healthy Pullback?)RCN/BTC
-The trendline resistance is broken last August 13
-The price today is pulling back to 600 sat area
-Which is a previous resistance turned support
-This pullback is healthy provided 600 sat will hold
-If it manages to keep alive in the new few days
-Chances of continuing higher are possible
-Potential may reach up to 950 sat area
-We all wish Bitcoin to move sideways in the coming weeks
-This will eventually help most Altcoins to recover or break higher
RCN/BTC (Breakout of Pattern: New Higher High)RCN/BTC
-cross ultimate indicator signal is Long priority
-found support at previous resistance
-confirmed strong support at 800s
-breakout of the pattern
-new higher high is made
-upside potential is up to 1500s
-key stoploss is below green box support
RCN Daily chart analysisAfter a long decline, finally broke the resistance. Ahead of us is the first serious resistance, the level of 0.886 fib 210-228 sats. Which is a horizontal stop for buyers, and when approaching it, you should partially fix your positions.
RCNBTCsup guys, today i'm posting a very classic hvf pattern, you can notice easily up legs are way faster (time) then down legs, meaning the coin likes to explode
it is also sitting nicely on fib levels
make entry only once 610 mark gets broken.
take profits at 650, 722, 764
i'm quite positive we hit all targets within 2-3 days at most.
risk takers can early enter right now and set SL about 1-2% below bottom channel level (530) but its not really recommended for everyone.
if everything works well that's about 40% profit ;-)
good luck!
