Raiden Network Token Prepares For Action, Breaks Above EMA50

BINANCE:RDNBTC   Raiden Network Token / Bitcoin
RDNBTC (Raiden Network Token) just broke above EMA10/EMA50 and is now aiming higher...

Looking at the chart above, we can notice good volume starting to coming as well as a hit of MA200 (black line).

This move is just starting now and needs additional time to develop, but the signals are telling us that RDNBTC will now start to grow.

Conditions for change
The charts are always changing, so how do we know when this setup is invalidated?

If prices for RDNBTC start to drop and close daily below 0.00001339, the above signals become invalid but we remain bullish . We remain bullish as long as the last low remains intact, 0.00001275... If this low is broken, then the bears are likely to take control. Anything above this level and RDN is bullish just like we see on the chart above.

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hey Alan, love your work. I just wanted to see your view on rdn currently? It has had a breakout with a period of consolidation currently. The weekly candle closed perfectly last week. cheers
alanmasters TheTradingWizard
@TheTradingWizard, You want the long-term chart, weekly (W)?

TheTradingWizard TheTradingWizard
sorry I didn't see this Alan, Daily or weekly if you don't mind? cheers
kilobytez TheTradingWizard
This coin is bullish, last ICO price was $0.6, since the bear was taking over after COVID, it is time to rock again
+1 Reply
Thanks Master
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