pugilist_vc
Short

RCN: 2/13/2018

BITFINEX:RCNUSD   RCN / Dollar
2/12/18 (4:40pm EST):
Short Entry (845) Target (500) Stop loss (930) <Possible bear trap>

Logic :
RCN             like all cryptos are in a downtrend, consistently fallen and bounce off key support and fib levels after brief capitulation of about a week or so. Afterward, the price action rolls over and the volume increases to the downside until it reaches the next support or fib level.

RCN             is approaching all-time lows and recently bounced off 0.11 during last weeks drop. I appears that RCN             is creating a price channel but lacks a catalyst to the upside. Furthermore, the main risk to RCN's upside potential is BTC             weighing down the market. If BTC             drops again, so will alt coins like RCN             . I suspect RCN             will retest the 0.15-0.16 level and perhaps retest 0.10-0.11 before consolidating. So, short RCN             at 0.18 until 0.12 then begin scaling into a long position for another bounce to 0.20 level.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden