RCN - Bullish reversal pennant pattern

2021년 10월 5일

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.

2021년 10월 5일

노트

HOLY COW !!

IT HAPPENED 1 MINUTE AFTER MY POST !!

BIG BREAK OUT AND UP 60% !!

2021년 10월 5일

노트

Was only a temporary spkike .... more time will be necessary for a break out.

2021년 10월 30일

액티브 트레이드

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 !