RCNBTC

RCN is looking good lately.

Considering the previous price action I would follow this trading strategy:

1. buy inside highlighted rectangle, considering that price will grow in future (use, stop if price will break previous resistance levels.

2. wait for more retrace and buy at previous support levels (orange dotted line), also use stop here.

Yorum:

Trading by 1st strategy was successful 2 times during this time.

This can also suggest that we are forming a strong consolidation at this level for a future price increase.