Hi my friends, here is RDN chart.
Price is inside descending wedge (bullish pattern), currently price bounce from strong support area. Both technical indicators show bullish divergence. I expect break top dotted line.
(I am sorry for my English)
Many of these formations happening across the market at the moment given the recent bullish shift in sentiment thanks to btc etc.
RDN is a great project with many future prospects and the team is currently completing an asian tour (ethtour.asia) which in my opinion may generate more interest/volume from these markets, especially considering there is much...
Raiden Network Break out resistance line of the channel. Looking for fibonacci levels. Low volume
The Raiden Network provide Instantaneous, affordable, scalable, and privacy-guaranteed payments based on Ethereum ERC20 tokens are the ideals espoused by the Raiden network’s technological preference. By so doing, the network can push back the frontiers of...
Raiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the...
Raiden will go for a re-test of resistance soon! We can observe and look for the possible break-up up! Indicators on the daily are not great yet! So we can bounce and consolidate for 2 more days! its worth getting a position and catching the upside to the first resistance!