Cryptorphic

#RDNBTC 269%+ Potential Rally ahead

Long
BINANCE:RDNBTC   Raiden Network Token / Bitcoin
Welcome to this quick Trade Setup, everyone.
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RDN broke out of the 168 days resistance trendline.
This is a daily chart so it's highly likely we will see a good rally here.
It is currently retesting the resistance turned support.
Also trading above both 50D and 21D MA.
The on-chain shows big accumulations of almost $1.2 million worth of buys in a single day, a steady accumulation since the last few weeks. No major pump is seen to this day.


Accumulation Range:- 980 sats to 1150 sats

Targets:-

1465
1692
1858
2401
2993
3453

Stop loss:- 841


DYOR before taking this trade.
Also, I keep an eye on the Dominance chart. IF BTC .D bounces and becomes bullish I exit my ALT/ BTC Pairs.
If that scenario comes I'll let you know so don't worry.

What's your thought on this?

Do hit the like button if you like this trade setup and share your views in the comment section.

Thank you


#PEACE



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