RDN/BTC IHS/BARR bottom accumulation

RDN looks ready to break out of this BARR bottom setup into a bigger inverse head and shoulders pattern on the weekly, then into an even bigger IHS on the daily. Nice bullish patterns!
Both IHS targets and both BARR targets are marked on the chart.

Potential return: ~1200%
Comment: RDN made a strong push from the BARR Bottom trend straight up to the Inverse Head and Shoulders neck line (daily close trend). We wicked back down under the trend (as expected) for several hours, before starting to push through the IHS daily close trend and hopefully see a close above.

Overall I am super bullish on this coin and expect it to run hard for a long time to come.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.