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 !
Ripiocreditnetworksignals
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 :)
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 Bullish divergence RSI. Buy Signal.This is simply repeating the November 2018 - March 2019 pattern that peaked at 0.00000945. It is the same RSI bullish divergence that led to the Ascending Triangle we are at currently. This in turn led to the final peak. My moderate target is 0.00000650.
