The touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance.
Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50.
Long-term: Look for a break above $1 after we coil down a bit more.
I received some messages about Radium (RADS), which is available for trading on Bittrex. Radium is about to expand, might be added to new exchanges, and the charts are looking really good.
Let's analyze the chart and position ourselves for a LONG and potentially very profitable trade; with low risk on the way.
Radium weekly chart:...
today i decided to make a RADS (sleeping giant) chart, what the heck is RADS?
RADS is a Blockchain Secured Identity Management Platform.
Easy and simple identity management and verification services including secure voting, file signing, and proof-of-ownership coupled with our energy efficient, Proof-of-Stake protocol.
Why do I think this token...
While the trend is down, we are currently inside the channel down and hit a support at 0.00029, forming triple bottom.
This is a good bullish sign, with a projection to 0.00093.
29 AUG 2018 - Hard Fork
Radium has formed a strong bottom at $2.62 level. This level has been rejected throughout the past year, while price bounced off it at least four times. The most recent bounce occurred on the 31st of March, and price went from $2.62 up to $6.
However, the corrective wave down followed and found the support at $3.3, that is 78.6% Fibonacci retracement level, that...
Simple Day chart of Radium ( RADS )
Hovering just above the all time low we can see a beautifull big pennant forming
Now, why dit i take a position?
1. We are the bottom. (allmost)
2. Swap to stratis comming (30 june) - coinmarketcal.com
3. Indicators tell me there is room for growth (RSI and MACD)
So, RADS has taken a massive correction retracing only 72% short of its initial trading value. But check this out, at some point it had a stunning 3400%+ gains
I honestly think correction is over and I also think it is time to get back on RADS and see how far we can ride it.
I would probably wait till the 100s levels so I know we have a new...