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.
Ripiocreditnetwork
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 !
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/BTC Analysis (24/3) #RCN $RCNRCN has just conquered the 220sts zone and is ready to move up to 350sts or even 600sts in April.
📈BUY
-Buy: 210-230sts. SL if B
-Buy: 340-360sts if A. SL if B
📉SELL
-Sell: 340-360sts. SL if A
-Sell: 590-610sts. SL if A
♻️BACK-UP
-Buy: 145-155sts. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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.
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(Ripio credit network) Has huge potential for adaption!!!
Ripio Credit Network connects lenders and borrows in a decentralized, P2P manner. It looks to extend credit to those who can’t access traditional banking services.
This past month, Ripio updated its smart contracts to remain compatible with the liquidity protocol Uniswap. Uniswap will help Ripio users find liquidity when needed.
Looking forward, the team is testing collateral-backed loans. We look forward to learning more about these loan offerings. In the meantime, Ripio continues to progress, improving usability and offerings for its 450,000 users across its app, exchange, and credit marketplace.
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!
LARGO - RCN - Oportunidad de CompraUna gran divergencia alcista se ha ido formando en BINANCE:RCNBTC , rebotando repetidamente del mismo soporte varias veces, mientras que el RSI sigue subiendo. Gracias a que el soporte esta tan cerca tenemos la oportunidad de poner un buen SL.
Entrada: 0.00000615
Objetivo 1: 0.00000730
Objetivo 2: 0.00000796
Objetivo 3: 0.00000860
SL: 0.00000582
Momento™ no proporciona asesoramiento de inversiones y no tiene en cuenta las circunstancias personales de los suscriptores al analizar las inversiones. Invertir implica un alto grado de riesgo y debe ser considerado solo por personas que puedan permitirse el lujo de sufrir una pérdida de su posición completa.
Momento™ no está registrado, licenciado o autorizado para proporcionar asesoramiento de inversión y simplemente proporciona una opinión, que se da sin ninguna responsabilidad o dependencia de ningún tipo. La información aquí contenida no es una oferta, solicitud, recomendación o consejo para comprar, retener o vender ningún bien. Momento™ no hace ninguna representación en cuanto a la integridad, precisión u oportunidad del material proporcionado y toda la información y opiniones proporcionadas por Momento™ están sujetas a cambios sin previo aviso y se brindan en una base de no dependencia y sin aceptación de ninguna responsabilidad u obligación que surja.
✳️ 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/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 :)
Is it time to enter now? for RCN/BCN ?In my opinion, between 765-770 is ok to enter.
We will see.. (:
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.
RCN weekly Brekaout | Ichimoku bullish Signalprice piercing threw the resistance and pain in trader "hahh moving without noticing fcuk rcn "
well it is in top 5 list of 2019 best investment coin along link.
with bitcoin movement price can touch trend line support 800 - 830 .. good buy here after halving is over if this want to be silent than big update is coming 2x trade possible. fucking manipulation
not for margin trader only spot buying and hold this coin for now around 900 when bitcoin pump and hold for mid term target 1300 , 1500 , 1800
ichimoku analysis. a perfect signal for buying at support
price above cumo cloud and tanken crossing kijun very good signal to . buy around 900 and hold for target 1300 , 1800
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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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.
[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.
Today`s ALT!!! RCNBTCBINANCE:RCNBTC
Exchange : Binance
Coin: RCNBTC
Buy Zone: 0.0000057~0.0000052
Target Point: 0.00000585/ 0.0000064/ 0.0000069/ 0.0000073/ 0.0000076/ 0.0000083/ 0.000009
S/L: 0.0000051
Risk: HIGH
Term: Middle
You should be careful in buying RCNBTC because of Bitcoin
It`s making Bullish Pennant
Movement of The Chart and RSI are similar
There isn`t Hard Resistance Line over 0.00000645btc
The Volume is almost down
It`s time to be pumping !!!
=====================================================================
Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
=====================================================================
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.