Long
RCN - Bullish reversal pennant pattern
This is what I see for Ripio Credit Network (see also my latest post on RCN): a bullish reversal pennant pattern.
Price is soon to break out of the simmetrical triangle forming under the flagpole that corresponds to the recent panic sell-off (Binance delisting and other delistings).
OBV on balance volume, after making a deep all time low, is ticking up strong and steady.
This is a high risk play - but I felt enough confident to build up a heavy position in RCN.
Go big or go home.
Price is soon to break out of the simmetrical triangle forming under the flagpole that corresponds to the recent panic sell-off (Binance delisting and other delistings).
OBV on balance volume, after making a deep all time low, is ticking up strong and steady.
This is a high risk play - but I felt enough confident to build up a heavy position in RCN.
Go big or go home.
Nota
HOLY COW !! IT HAPPENED 1 MINUTE AFTER MY POST !!
BIG BREAK OUT AND UP 60% !!
Nota
Was only a temporary spkike .... more time will be necessary for a break out.Trade attivo
RCN broke down from the symmetrical triangle !!However I think that this is a FALSE breakdown.... this is even more bullish IF it plays out !!
RCN has very low liquidity ! This is still a very high risk play !!
But I am willing to take it !
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.