RCoin (RCN): Awake this Sleeping Bull Altcoin!
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SUMMARY
RCoin (RCN) is nearly complete, if not already done with its corrective phase. It's time to awake this sleeping Altcoin! Below is RCN/BTC pair and the correction is counted in multiple ways and all just about show the correction almost done, if not already! The subwaves of the final red c is pretty much in so expect an impulse anytime! Target is 0.0002940 BTC
Here is the RCN/ETH pair. I'm forward discerning a rounding bottom and a handle for Cup & Handle pattern. The Elliott Waves are aligned so that the handle will be wave 4 so most likely it won't be a deep retrace for the handle formation. Target is 0.000767 ETH!
Here is the RCN/BNB pair and the downward pointing bullish symmetrical triangle is uncanny! I've counted the final sub waves of wave c and so there is high confidence that the correction is complete. The first target is 0.1426 BNB but higher target at 1.65 BNB also resides above!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
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Well said have a great weekend!
Beautiful! Thanks
Can anyone confirm what exchanges this is on? On coinmarketcap it says it's only available on yobit.
On Binance there is also an RCN.
The Yobit RCN is listed as RCoin but the graphs don't appear to have any action.
Can anyone confirm if the yobit coin is the same one as here? the code is RCN (RCoin)...
Much appreciated.
edit: I think Haejin has accidentally labelled it R Coin when really it's the ripio coin
You are correct the name of the coin is Ripio, and the code is RCN. As far as I am aware there is no coin called Rcoin.
Exchanges: https://www.worldcoinindex.com/coin/ripio
Bittrex
What's is going wrong?
Haejin, although this coin has taken a different path it is doing well. Could you please update where you think it will go from here? Thank you.
Hi @haejin, can you please help me understand this. Currently RCN is $0.000146. As per your prediction it will go to $0.45 cents. That is a huge impulse. No disrespect, I just wanted to make sure I got it right. If that is right, then an investment right now makes a lot of sense.
P.S. in you graphs you mentioned the target as 0.0002940 BTC. I think you meant 0.00002940. Ignore if it’s not a typo. Sorry about that.
I think it must be a typo. .0002940 BTC is like $4 USD.
Yeah. I think so too
See this man: https://coinmarketcap.com/es/currencies/ripio-credit-network/ and this: https://coinmarketcap.com/es/currencies/rcoin/ . Haejin made a mistake with the name of de coin, but his analysis is great!
Upvoted. Your truly a inspiration, have done a few trades on your advice, verge is up. have noticed someone mention Viacoin in one of your posts in the cup and handle stage, sad i missed out of that. One of them could set you up big time with the laddering technique.
Checked Viacoin and seem this formation, only new to elliot waves so excuse my basis techique but is there some here.
Got the books you recommended, heavy reading but very very interesting stuff.
excellent publication !!! At this moment it depends on altcoin, it is a good time to invest
This coin is Ripio Credit Network ! great future here! https://ripiocredit.network/
On the wave of growth Bitcoin, all currencies can begin to grow very quickly