Long
RCNBTC a short contraction
RCN is a strong coin moreover there is a formed uptrend for about a month. There was a little contraction which is confirmed by bb contraction. Indicators are bullish: Momentum (10), EMA and SMA. Moreover fundamental analysis is also great: RCN launches Ripio engine to bring blockchain and smart contracts to loans. It is a great opportunity to buy this coin at dip. However market falls and it is a risky trade opportunity
Trade active
There was reversed H&S pattern in the previous analysis which has transformed to a larger scale pattern. Technical indicators show a high probability of finishing this pattern. When it happens the price will enter Ichimoku cloud and break the resistance, hence it will reach our targets.
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.