Ripio Credit Network (RCNBTC) grew by over 400% since early September... Proving that the altcoins (ALTS/BTC pairs) are entering a new cycle and this cycle is already in play.
If you look at the retrace, the bullish flag (marked with thin dashed red lines), it is really short. This is extremely bullish, especially after the massive growth we saw that ended on the 26-Sept.
Yesterday RCNBTC started to move again and easily hit a new high. Confirming strength and sealing this new uptrend.
We have two charts for Ripio Credit Network that were shared recently.
One goes back to the 24-August before the bullish action started... You can see it below:
The next one is more recent and dates back to September 20 and shows the most growth:
Seeing Ripio Credit Network doing good and having additional growth, it is good for the altcoins market and all those that are involved.
More targets can be seen in the chart above.
Remember, this is technical/chart analysis and not a recommendation to buy or sell.
If you do decide to trade, remember to have a plan and use a stop-loss.
Any questions? Use the comments section below.
Namaste.
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