RCN - Bullish reversal pennant patternThis is what I see for Ripio Credit Network (see also my latest post on RCN): a bullish reversal pennant pattern.
Price is soon to break out of the simmetrical triangle forming under the flagpole that corresponds to the recent panic sell-off (Binance delisting and other delistings).
OBV on balance volume, after making a deep all time low, is ticking up strong and steady.
This is a high risk play - but I felt enough confident to build up a heavy position in RCN.
Go big or go home.
RCNBTC
RCN/BTC buy opportunityHi followers, hope you are doing well,
RCN/BTC completed 3 wave corrective structure that stopped on previous support area,
Now after formation of higher low and nice flag, we maybe ready to go higher.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
RCN Trend ReversalRCN / BTC (WEEKLY)
We clearly see a double bottom pattern has formed off the weekly chart of Ripio Credit Network, which after a long down trend it surely indicate a reversal.
Now it has broken up a past resistance that I wish to see it tested as a support to validate it around 280 sats.
I believe it has a big room to grow, I still am analyzing based on TA and would appreciate some FA to back up my analysis.
It is quite a low risk play imo.
Comments are welcome :)
RCNBTCbuy between 239-254 sat
Forming cup and handle on the daily timeframe
It usually pump with #DATA so we can expect massive rally from #RCN in upcoming days.
Break of 278 sat should send the price up!
make sure to secure profit on time this coin like to scam wicks
Stop below 220sat
RCNBTCIt has rejected one time by daily MA200, seems it's going for another try. On 2h chart it has come back above MA200
Not financial advice, do your research
RCN is at support, Good setup for buyingRCN is tested the major support zone and bounced exactly from there. RCN is a DeFi coin and many new updates are coming. We may see a good move in RCN in the coming days. This is a good setup for buying.
Buy Zone: 140-145
Target: 163-170-192-207-220-235-245-258
RCN/BTC is preparing for massive move On a daily candle, it touched almost the bottom and it already taking preparation for a massive move. Soon it will pump hard
RCNBTC (RIPIO CREDIT NETWORK) - DAILY ANALYSIS ANALYSIS 🔎
- RCNBTC printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing a triangular consolidation pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the triangular pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the triangular pattern's inclined support.
RCN , new gemweekly bearish trendline broke and retested , rsi was super oversold and macd goldencross happening , gonna buy small bag and hold for longterm
RCNBTCYesterday I marked this to make an idea for it and now It has gone half of the way up
Unlike the past spikes, It has come to this point by leaving multiple candles on the way so I hope it doesn't stop or come back down
Ripio Credit Network (RCN) Long-Term After 950% WaveThis is the long-term chart for RCNBTC (Ripio Credit Network).
The last bullish wave went on for 950%, quite huge if you ask me... (This is illustrated on the chart)
A new bullish wave will start to take place now that a higher low is forming.
This new wave can go for 500% or much, much more.
This is a very strong altcoin pair because it remains on higher lows rather than printing new lows.
Many altcoins went lower and hit new lows in 2020 but not Ripio Credit Network.
We are very likely to be looking at bottom prices... This can move within just a few weeks and grow for many months.
I hope you enjoy the chart.
Namaste.
Another Bullish Signal For Ripio Credit Network (RCN)Just recently we looked at Ripio Credit Network (RCNBTC) and its bullish potential, the chart is shared below (Oct. 10):
Now, we have an even higher volume for RCNBTC compared to our last analysis, in fact, we have the biggest daily volume since September 2019, this is a strong signal.
So we got a breakout signal on the 10-Oct. and today we get another signal as confirmation and continuation of the initial bullish.
We are very likely to see strong growth coming for this altcoin pair.
Namaste.
Ripio Credit Network High Volume Bounce (Easy 44%)Today's candle for RCNBTC is showing really high volume, signaling that this current move is the real deal... We can see additional growth.
There is bullish divergence on the MACD and a very strong RSI... We have 44% mapped on this chart.
Additionally, we see RCNBTC trading above EMA50 (magenta line).
Staying above this level would signal additional strength.
Namaste.
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
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Not Financial Advice
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Potential up trend continuationRCNBTC recently broke out of downtrend and is now trying to establish clear resumption from recent falls.
Stochastic RSI near 25.
RSI in grow move.
Price one more time uses MA 25 as trend line support.
First target 700 sat, next 830 sat. Be careful when price drops down below 570! Moving on 600 sat should be a confirmation of resumption.
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
RCNBTC. Late developer. Watch & Wait.RCNBTC. 1D. Slowly recovering from virtual capitulation. On support now and may well breach trend line 'A' from here. Worth watching for this as it should then have another go at the longer term trend line. When that finally gets pierced we should be looking at a good trade opportunity. Long term trend line corresponds well with Fibonacci.. The '$' sign is about where my money will be.
RCNBTCI have been waiting for RCN for a long time to reach this situation. You can enter this trade and gain some profit.
ATTENTION: Targets are for short, medium, and long term!!
