#RCN (Ripio Credit Network )
Chart timeframe: 4hr.

Technical:~

☑ Parabolic movement as well as cup handle formation
☑ RCN is one of those coins which see sudden jumps like 30 & 50% sort of jumps
☑ Daily stochastic RSI is moving upwards indicating bullish sentiments

🔵 Buy zone:~ 390 - 410 sats
🔴 Sell zone:~ 440 - 460 - 483 - 498 - 515 sats
❌ Stop-loss:~ anywhere below 8% of your avg. buy price

#RCN #TA @TechnicalCrypto

Buying #RCN bag

Since it is a DeFi peoject and I feel it could see a major bullrun anytime as Decentralized Finance projects are on hype
Technicals do look good. here is why.. Below

- Technicals
• Building strong support at 600 sats zone
• Price to start new bull cycle after almost 100% correction
• The 750-760 sats resistance breakout will make it bullish 900 - 1000+ sats

- 2 buy bid setups
• 1st buy zone: 630 - 660 sats
• 2nd buy zone: 580 - 600 sats

- Targets are here below
• TP1 - 725 sats
• TP2 - 765 sats
• TP3 - 799 sats
• TP4 - 870 sats
• TP5 - 950 - 1000 sats
• TP6 - 1200+ sats

will be using STOP at 7 - 8% lower to my average buy price