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PolarHusk
Oct 1, 2020 12:28 PM

RDN/BTC (Good Bounce @ Key Support?) 

Description

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💎Technical Analysis Summary💎


BINANCE: RDNBTC


-Raiden Network Token tested the key area of support and saw a good bounce
-Though this is a good sign because the support is being respected
-But this is still not enough to confirm a reversal of the downtrend
-We need to see reversal patterns like Double bottom or IH&S patterns
-Until we see multiple reversal signs, this small rally will not hold longer
-I recommend to wait and be patient until the key signal shows up





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Comments
ProjectSyndicate
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it's a neat technical review and great chart. looking good!
PolarHusk
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@ProjectSyndicate, thanks mate! :)
phenom118
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Please what is IH&S and rsi I want to know
PolarHusk
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@dani155555, Hi, inverse Head & Shoulder pattern. RSI is still Bearish, no sign of divergence yet.
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