Raiden Network Token (RND) - Easy 10x waiting for collection

On the above 1-day USD chart price action has corrected 85% with a recently printed ‘incredible buy’ signal. There’s a lot to be bullish on. So what's new?

1) Price action breaks through the Gaussian channel (now green) and is testing the upper channel as support - excellent - look left.

2) Same story for the BTC chart (below) except this time the Bollinger Band is shown. Price action has moved to the upper side of the channel with the mouth squeezing indicating a big move is coming.

3) on the 2-day chart (using because of small market capital) we can see a beautiful fractal playing out. See purple circles. Price action breaks up and through the 2-day / 50-day EMA.

4) Finally on the weekly chart (bottom) price action has cleared the 21-week EMA (yellow line) and 50-week EMA (green line) and is now testing as support. Moreover the Stochastic RSI oscillator has crossed up 20 and now 80 (circled in purple) as the 21-EMA was cleared. Look left!

Is it possible price action falls further? For sure

Is it probable? Very unlikely.

A buy from 44 cents is fantastic, 1st target $4.50

Good luck!

WW


1-day BTC chart:

2-day USD chart

Weekly chart

Trade active

Comment:

Just having a lookie at some recent ideas despite everything that is going on, nothing has changed.

On the 2-day chart below price action has returned to the 2-day /50 & 200-day EMA as well as the 21-week EMA (yellow).

As mentioned above a buy from 44 cents is excellent.

Comment:

Similar to the weekly chart at the top except below is the 2-week chart. A new candle was printed the week. This is the first time a candle body has printed on / above the 2-week chart 21-week and 50-week EMAs since the correction. Excellent.

A move to the $1.29 area should occur rapidly once the 57 cents resistance is broken.

Trade active

Comment:

The purple circles….

On the first three occasions price action rallied:

120%

550%

600%

When Stochastic RSI ‘d’ (the slower one) crossed up 40.

Guess what just happened?

Trade active:

RSI resistance breaks out after price action confirms support on the annual EMA (green line). Superb.

Comment:

As the weekly comes to a close price action prints a substantial candle on the 100-week EMA (Cyan line). Look through your preferred alt-coins for price action on this EMA. It is significant in support just as it is in resistance with often substantial moves in price action - look left!

Trade active:

Perfect reversal pattern on weekly price action following a confirmation of support on past resistance.

Trade active:

And there's the confirmation of rotation, sit tight now until $5.

Comment:

That was a break of market structure those past couple of days, has until the end of the week to recover. Failure to do so will invalidate this idea.