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.
Ripio
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 :)
Ripio Credit Network $RCN - Swing Trade / long-term investmentAccording to Elliott wave analysis RCN is in an ABC correction and according to the Squeeze Momentum indicator and Wave Trend Oscillator (@ 3D TF) wave B will start soon.
Wave B can be traded as counter-trade inside the ABC correction. It looks like that this ABC correction is a wave 2 on a higher TF and wave 3 will start after the C wave finds its bottom. For this reason and for fundamental reasons I do not recommend a stop loss for this trade. For me RCN is a very good long-term investment.
SwingTrade RCN-BTC:
entry: 0.00000601-0.00000616;
TP1@0.00000818;
TP2@0.00000898, with 5% TTP
no stop loss recommended for this crypto -> accumulate it and hodl/stake it for long-term!
I´m not a financial adviser. For educational purpose only!
Is it time to enter now? for RCN/BCN ?In my opinion, between 765-770 is ok to enter.
We will see.. (:
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 OpportunityAfter a huge uptrend and a mega pump, RCN has been slowly melting for some time, but now it has reclaimed the 6h Ichimoku Cloud after a TK cross, which is quite a bullish sign, expecting an upward move in the coming days.
Entry: 0.00000643
Target 1: 0.00000690
Target 2: 0.00000759
SL: 0.00000619
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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.
RCNBTCABCD down..looking for an E leg and we have broken out of the flag. I believe we are at a floor here.
Ripio is tied to SBI as well as Ripple xCurrent network.
:)
Google SBI R3a Ripio pdf..im sure you will find it in one of their older digital asset reports.
Im in. Been waiting a long time for this price zone!
Oh and Tim Draper is also an investor of this asset as well.
1 more leg down or we flat line here and go up. Not much room
RipioCreditNetwork/Bitcoin (July 07) #RCN $RCN #BTC $BTCAccumulate : 215-230
Sellzone : 250-270-350
Stoploss : Under 200
Symmetrical Triangle in RCNBTC Huboi, from May 27th to June 1thDuring basic trading exercises, on patterns identification, I found a symmetrical triangle in RCNBTC Huboi, from May 27th 21:30 to June 1th 20:00. On the chart I drew the base from the peak to the base and the height of the triangle to the breakout point. Volatility and volume decreases with time.
Daily Bullish Signal $RCN #RCN (09 Feb 2019)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Daily Bullish Signal $RCN #RCN RCN/BTC (1-1)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Destroying credit monopoly. RCN/BTC analyticsBUY: 0,00000327-0,00000336, 0,00000285-0,00000293
SELL: 0.00000650-0.00000667
STOP-LOSS: 0,00000284
Support: 0,00000335
Resistance: 0,00000437
The Ripio Credit Network is a platform based on the ETH blockchain creating for a transparent lending system. The platform will bring together borrowers and lenders from around the world.
By reducing traditional banking, brokerage costs and management fees, the project seeks to provide better conditions for both parties, creating the best credit alternative available today.
By implementing the institution of a mediator (Cosigner), the Ripio Credit Network seeks to neutralize the credit risks of the lender and, in case of default, to provide an alternative mechanism for managing debt collection in the country of residence of the borrower.
On August 14, the minimum asset price was formed at the level of 0.00000255. But in just a couple of months, the token has grown significantly, showing a 240% growth at its peak on October 28. It is noteworthy that this take-off was due to just a few big deals - September 18 and October 27. However, the token did not stay in the portfolios and was sold off. During the November fall, the minimum price was not updated, the rate did not reach the minimum values by 30%. It is worth noting that the asset is distinguished by a high speed of price change, with intra-day volatility in the range of 4-12%. In addition, stable trading volumes are typical for this token.
The first zone of purchase is in the range of 0.00000327-0.00000336. But there is a chance to break through this level and go down to 0.00000285-0.00000293, which we regard as a safe entry point. The support line is at the level of 0.00000335. The first relatively strong resistance lies in the range of 0.00000437. Given the speed of price change, be sure to put the stop-loss at the level of 0.00000284. The first closing price of the deal is at the level of 0.00000650-0.00000667, we sell a part of the asset and observe the price behavior in this zone. The asset is quite risky for intraday trading, but it can be considered as an investment. A well-thought-out scheme and a working application give reason to believe that the project has a future. It is necessary to take into account the risks associated with changes in law and the lack of a developed infrastructure for working with debtors.
Ripio Credit Network $RCN, An Ideal After Party Entry Idea!Well it was a nice pump that honestly i didn't catch it up. 109% is amazing number in bear market tho. Really. Despite regretting what happened, let's take a look towards the future forecast and hope that the gains be with us this time on RCN.
I'm shocked that this is the first time that I have research on RCN, because it has many exchanges listing them actually. Name a few: Binance, Bittrex, Upbit, OKEx, Huobi, and few others. I be like, damn, I should read a lot more towards certain project and allocate more time in researching potential project like this one.
Well, let's talk about fundamental. RCN has 1 billion total supply and half of them are on the circulating. Which with only $15 millions marketcap RCN ranked as #279 on coinmarketcap at the current moment. RCN's project topic is on financial matter, which the RCN protocol connects lenders and borrowers all over the world in any currency through RCN tokens.
I have checking on their GitHub and i know they lack on participants here, but then i checked the roadmap. Something is catching my attention: ERC939? What?
Hmm this is interesting, are they trying to leave Ethereum network? Well, it's not a surprise lately. I've read and found lots of tokens moving out from ERC-20 protocol standart because of a certain problem. Which Nowadays, some already successfully developing and swap to their own network, for example TRX and AION.
I think it will be great for them as long as they can keep the project alive, because, you know, it need a lot of hardwork to do so.
Judging from the technical side to get the short term idea of this chart that i see after party, the price action need to chill down a bit along with the RSI. It's quite healthy at the moment. As I spot on 409 sats can be juicy entry based on few candles back. Right now it's @ 470 sats.
The second entry will at range 288 - 254 sats, which I think this unlikely to happen as long as BTC movement above $6200. Well, let's see. The short term target are 602 sats and if we could gain the mass back, we'll be lucky enough to get back to 817 sats at this bear market.
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Daily Bullish Signal #RCN #RCNBTC (12-10)#RCN (RCN/BTC)
Buy : 390-400
Flash Sell : 420
Short Sell : 440
Long Sell : 450-500-550-600-650
Stop : 340
Follow me for more signals daily
Daily Bullish Signal #RCN #RCNBTC (26-09)#RCN (RCN/BTC)
Buy : 425
Flash Sell : 450
Short Sell : 480
Long Sell : 500-550-600-650-700
Stop : 380
Follow me for more signals daily
Inbox me if you need help or learn to trade
[RCNBTC] Ripio Credit Network Breaks UP [300% - 650% PP]Ripio Credit Network (RCNBTC) on Binance is Starting to move.
Here are some of the strong signals we are getting on the weekly time frame:
- Bullish crossover on the weekly MACD.
- Biggest volume ever.
- Strong move up after four weeks of flat price.
- Get ready for additional bullish action in the days and weeks ahead.
Trade instructions for Ripio Credit Network (RCNBTC) by Alan Masters
Buy in: Up to 480
RCNBTC Targets by Alan Masters Trades
(1) 659
(2) 908
(3) 1110
(4) 1312
(5) 1599
(6) 1965
(7) 2369
(8) 3022
Stop loss: Close below 342 on the weekly time frame.
PATIENCE. I HAVE PLENTY OF IT!
Patience is always key.
It is key now, as it was key before.
It doesn't matter what is happening, if the market is moving fast or slow.
If the market is bullish or bearish, that doesn't change...
The fact that we need patience, if we want to make money while we trade.
Namaste.
Technical Analytic for #RCN (30-08) - CryptoStationAt last analytic for #RCN, RCN price is under attack by BTC sidewalk. But we still can hope for rising again. This is revenge call.
#RCN (RCN/BTC
**REVENGE CALL**
Buy : 290-295
Flash Sell : 300-305-310
Short Sell : 315-320-325
Stop : 270
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Inbox me for more and more signals
Technical Analytic for #RCN (29-08) - CryptoStation#RCN (RCN/BTC)
Buy : 310
Flash Sell : 312-314-316-318-320
Short Sell : 325-330-335-340
Stop : 300
Follow me for more signals
Inbox me for more and more signals
RCN IDEARCN is testing old lowest level and RSI shows positive divergence. RCN could go up if BTC doesn't fall again.
Ripio Credit Network (RCN) VIP Trade (238% Earnings Potential)We are positioning ourselves early, just like we did back in late March/early April, to profit the most from the next up wave. Ripio Credit Network (RCN) is our next trade.
This one has an active project and active development team. Let's start right away by looking at the chart and later the instructions to trade this coin long term.
Ripio Credit Network (RCNBTC) Long Trade by Alan Masters
TRADE INSTRUCTIONS
Buy in: Up to 860
Ripio Credit Network (RCN) Targets by Alan Masters:
(1) 967
(2) 1100
(3) 1390
(4) 1690
(5) 2012
(6) 2333
(7) 2791
(8) 3371
Next support:
(1) 735
(2) 650
(3) 615
Stop loss: Set your own. Since we are close to the bottom, you can choose your own risk level. It can be 10%, 15%, etc. You also have the next support level where you can choose to set a buy order and wait for it to fill.
Capital allocation: 3%
INSTANT GRATIFICATION
Go for a walk on the day of your choice.
Take a nap, without thinking about the time.
Have a nice break and later fast.
Go out to the beach, to a party or take a flight.
Instant gratification for your self needs is what you can get.
When you decide to focus on your thoughts and breath deeply, consciously, every single day.
Namaste.