I cannot see RDD doing well for a while

The launch of #ReddID was a bit of a flop and the market is not being fooled by it all.

The price of RDD is probably going to keep going down for a while... until the next pump.

- RSI is also not very good, (neither up not down)
- MACD is very flat, showing that only the holders remain .... (the volume is also low).

Maybe in the new year, if/when ReddID fulfils its +4 years old promises.

Comment:

The market is a little all over the place, (thanks to #BCC crashing), I think this is causing some investors to cash out all the weak coins, (like #RDD).

But I still think we are on target to end downward, even after any sort of recovery.

Trade closed: target reached:

The collapse is almost complete.

When BTC recovers I suspect that RDD will cover a little as it is so tightly bound to BTC.

Maybe in a few months, when BTC is back up to 7K we might see RDD moving to higher ground.