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GoodmanSimon
Jan 11, 2018 4:29 PM

RDD is going down for the next few days. Short

ReddCoin / BitcoinBittrex

Description

Very hard to plan this coin as it has no real trading history, (most of the history is either dormant or pump and dumps).

So it makes sense that it is eventually going to settle back down.

There might be one or two up on the way down, but I see it going to 130 over the next few days.
I cannot see it going back over 140

Comment

While taking longer than expected, the downslide seems to be continuing.

Trade closed manually

Hum... we this did not work as expcted.

It now looks like a cup and handle is forming.

I will stay away from that coin for now until a clearer pattern appear.

I still think a correction is to be expected.
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