Raiden Network (RDN) is going to boom. first target at +400%

RDN has been moving in a very low area of the chart for the last 2 years and a half, and we can read several trend inversion signals from the weekly chart and other timeframes.

-huge descending wedge formed and now price is challenging the upper resistance for the third time, expected breakout
-volume raising ( bullish divergence ) with some green peaks
-new all time low set
-all main moving averages are going to be retested for the third time.

When price will be able to break them, we will see a big jump, at least at 6000 sat where 200 weekly MA sits.
Target for this action is top of wedge - around 10000 sat.


Baked Finance

this post is for educational purposes and not financial advice. do your own research first.
Comment: Update:

-price is confirming reversal
-wedge breakout is close

you can place a worst-case stop loss above your entry price and start to enjoy profits.

Trade active: BTC strenght caused RDN to fight a bit more with resistances, trade is still open and looking good

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