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 followers. After this great rally, we should expect a small downward movement before we can continue our long term pump.
Scenario #1 Analyzing chart above, one should expect a Small correction in RCN before another rally. Why? MACD confirms trend reversal, RSI seem to be overbought and moving averages suggests downward movement. What to do? we can place our buy orders in the 1320-1362 zone once indicators confirm trend reversal. targets should be 1422,1498,1550 based on capital management.
Scenario #2 If rally to be continued, we must wait for price confirmation above 1608 sat resistance, use a stop loss at 1582 sat. targets 1635,1672,1720 sat based on capital management.
Good luck to all.
Feel free to send your contribution to the daily posts at my ETH address: 0x997c06D87de76beF53581B56dBC346d0A878a6a7
Сделка закрыта: достигнута тейк-профит цена
⋅
wow just in one candle we broke the 1608 resistance and reached targets 1,2 and 3. congratulations everybody i hope you didn't miss it