ForecastCity

There is a possibility for the beginning of an uptrend in RDDUSD

Long
BITTREX:RDDUSD   None
Technical analysis:
. REDDCOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00089390). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00159400)
Ending of entry zone (0.00089390)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00200400
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01503000
TP10= @ 0.01836000
TP11= @ 0.02914700
TP12= Free

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