cryptoniter

Taking a look at RDD and possible profit taking

BITTREX:RDDBTC   ReddCoin / Bitcoin
I have a small position in RDD and was interested in looking at profit taking after these bullish movements (I wouldn't rule out a pump and dump). Drawing a fibonacci retracement from the current price to the start of the rally shows signs of resistance/support lines. Watch out for these levels when buying/selling. You could possibly also see signs of what led up to this rally. Constant volume for a while which could mean accumulation which eventually led to a breakout. This is on a very small timescale so it might not be very accurate.
Comment: I see a reverse from the small downtrend. I wouldn't be surprised if we'd get another pump out of this.
very good post sir
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