RCNBTC a short contraction

6 May 2018

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

8 May 2018

İşlem aktif

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.