RCNBTC – Hyperspeed escalator upwards real soon!

This is not financial advice!

RCNBTC             has been forming a bit of a cup and handle over the last few months and now coming off the handle were seeing a ascending triangle thats looking bullish!

I expect to see a 2x bounce off the triangle prior to breakout which could be within the next 24-48 hours. This is broad i know, but it should be around May the 4th.

The MACD is showing a bullish crossover – all be it being weak for the time of this TA, but i expect this to strengthen prior to breakout.

Moving onto the RSI we can see a clear uptrend that i hope to see hold.

First target after breakout is between Fib 1977 and 2299.

Thanks for taking a look at this!

By admin