RCN appears to be forming a channel. buy low and sell highs. goodluck
Bullish flag has been formed that suggest further upward movement. Entry: 2350 sat Exit: 3063,3354,3827 based on cost averaging. goodluck.
After the massive parabolic move we saw., RCN found support and has entered an upward channel. Buy low and sell at highs. goodluck
we are now experiencing an ascending triangular pattern in RCN. Ascending triangles are usually a bullish sign. price was sustained above kumo which indicates upward movement. ' MACD confirms bullish movement. Strength index seems to be weaker than what is needed to start a bull run. I expect a slight upward movement but we are not going to experience a massive...
Yesterday, we saw RCN experiencing a parabolic move as theweekly update announced partnerships with Exchange union and Biocoin. After news settled in, we saw a symmetrical triangular pattern which is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior uptrend. MACD looks ready for a...
RCN has found support at 1087 sat and is currently starting to show some bullish signals. entry will be at 1087 with profit targets 1189,1235,1301. we wont place any stop loss. we already in the bottom. if price went below 1000 sat we buy more.
yesterday, we saw a really bearish market. BTC at all time highs is usually very suppressing for BTC price action of alt coins. However, we did manage to enter at 1419 securing target 1 profit at 1549 and exit at a stop loss of 1497. for a total profit of 9.16% good for a bearish market. :) Now lets get back to business. today, i expect a little more dip into the...
Due to recent BTC move, we saw a downtrend in RCN. our previous stop-loss was triggered and hopefully we exit trade at 1606 sat. Today is a new day. this downtrend gave a lot of cool down to RCN and recovering momentum to go upwards. I expect RCN to find support at 1419-1360 sat area. upward confirmation would be after trend line break. I will keep updating my...
After the last 48 hour rally. RCN is expected to cool down in the 1579-1606 area. MACD confirms trend reveral and RSI seems to be Exhausted. price is about to enter the kumoto confirm downward movement. we can place our buy orders at 1579-1606 area depending on trend reversal. profit targets should be 1717,1807,1896 based on capital management. IF 1579 level is...
This the an alternative analysis. sell tops and buy bottoms. If breakout from channel we have our previous targets.
Wait for breakout out of the downward moving channel. I expect a very strong support at 1494 level. If 1494 level is touched, place your buys. I will update chart regularly with targets and stop loss based on the price action. wait for fib confirmation goodluck.
Hello to all, As you a saw today. A magnificent parabolic move just strck RCN out of no where to hit all our targets in one candle achieving our profit targets in less than 30 minutes. I assume all of us were excited see ripio the shooting star shining after a long path of misery. However, i cant kept thinking about why did that parabolic move happen? was it just...
Thanks to all followers who sent their contributions in orders to keep this daily trading analysis alive. i know a lot of people made profits out of these posts and I thank them for remembering me with small contribution. Back to RCN, We had a perfect rally up to hit all our yesterday targets in which i assume we made a solid 18% profit. congratulations to all...
Yesterday we had a perfect rally where we anticipated both run-ups and had our perfect 2 entry and exit points for a good 46% profit. congratulations to all. Today is a different day for RCN. RCN is in a very dangerous area now where it will decide if the rally will continue or we will see a significant retracement. Today we have also, 2 scenarios and we will...
After recent parabolic move already anticipated before, we find ourselves in a position where we want to find a good entry to stay in the game. Studying this short market history, we can see previous parabolic move repeating itself with the same angle. coincidence? I am very bullish long term on RCN, so in my opinion long term hold would be the best option. but...
Based on price action, we can see RCN reaching a strong support of 1142 sat. MACD confirms a bull run and price is about to enter the kumo. RSI does not seem to be oversold so i expect a small pump before trend reversal although i'm bullish on the long term. wait for price confirmation at 1225 sat and use capital management to exit starting from 1362,1422,1498 sat...