RCN - Ripio Credit NetworkToday I decided to make a buy at almost ground floor.
The chart looks somewhat awful... It has been in a bear maket for 3 1/2 years.
It has recently touched its all time low on 26th July 2021.
The RSI has touched an ATL as well.
However, 2 weeks ago, the historic volatility has been spiking, breaking out of a long, narrowing funnel !
Moreover, listening to King Salomon's YouTube Channel, I saw like he pointed out that Sebastian Serrano, the CEO of this project was on a working paper of the WEF.
When the World Economic Forum collaborates with people, I listen ! Not because I like the devils of the wef, but because they have a lot of power in this world and if they decide that RIPIO succeeds, it has a big chance to do so !
I bought LCX (Lichtenstein Protocol Exchange Platform) when I saw Montey Metzler its CEO invited at the WEF. Now I am already up some 400% on this coin.
So, not financial advice, DYOD ! However, I placed a big bet on RCN. Wish me luck !
Ripiobtc
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 :)
Is it time to enter now? for RCN/BCN ?In my opinion, between 765-770 is ok to enter.
We will see.. (:
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.
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