Technical analysis: . REDDCOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. . The Falling Wedge taking shape and as a bullish pattern suggest we will soon see another leg higher if price break and close above downtrend. Trading suggestion: ....
The RSI is very, very low indicating a possible recovery but the MACD is still indicating pressure. The Crypto market is looking better this week, (some good general announcements), and, traditionally, #RDD follows that pattern. In the last month when RDD has hit 30RSI it bounced back to a solid +60 so I would expect it to climb back up. I would buy at around...
On the 7th of January, Reddcoin has reached an all-time high, hitting $0.032 level. Then price corrected down sharply and stopped near $0.0044 area, resulting in a 87% loss to the USD, in just one month. The $0.0044 area is the 88.6% Fibonacci retracement level, that has been rejected. And looking at the chart, since December 2017 up until now, this level has...
Weekly Looking at our trend timeframe we see price is currently bouncing off our major horizontal and dynamic support. Recently RDD formed a lower higher around 110, price is now looking to forma higher low leading to my conclusion that we could be seeing a breakout towards the upside very soon. Daily Shifting over to our pattern timeframe we see price has...
REDDCOIN/BITCOIN New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080). Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns,...
REDDCOIN/BITCOIN New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080). Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns,...
The price moves within a sub-triangle It is possible to break through the triangle and then climb to the line The main bearish trend to be the top of the Tho is again tumbling to levels Support from 85 to 80 Satoshi And then rebound again and in case of breaching the main bearish trend line The potential target is 113 Satoshi
Analyzing REDD, it looks that this coin is a standard coin, resmbling to most of the other crypto coins. In the future it seems, it is going to have a deal with a game company and a return to the stream. I think it is a coin more suitable for the short term profits, but I do not see it promising for the long term. I recommend GIFTO instead of it. The Fibbonaci...
BITTREX:RDDBTC 1D Chart, also works in 4H, at this time ReddCoin (RDD) is testing by third time the SUPPORT ZONE 2 since April 25 (0.00000080 BTC), gaining strength to move towards RESISTANCE ZONE 1 (TARGET 1 0.00000100 BTC). The 50, 100, 200 MA is increasing its 100/200 days signals separation (GREEN ARROW), the Volume is increasing -EVENTUAL PRICE INCREASE-...
Here is my thought process on Redd Coin. The coin is available to trade on Bittrex . My opinion on RDD/BTC is bullish as it has volume accumulation and RSI near 30 suggesting the coin has been over sold. The price movement for RDD for the past month has seen dramatic price (30% or more) increases at various time frames and I think it will make another jump...
RDD looking very nice with the dual gann fans pretty profits love it, boy low sell high innit!
Looking at the RSI, RDD is oversold and close to 20! Short EMA is separating from the Long EMA at (5,12) periods. They will soon diverge as the coin has been over sold. I think this is a great time to Buy RDDBTC!
Reddcoin break big resistance on 100sat, chart looks like triangel celebration now, if will be one more we look on 140sat fast-this is my target. If we break 100sat down we can go for 84sat fibonnaci support and after up. Stochastic around 30 Macd looks possitive Clear uptrend Bollinger bands before break triangel lines closer. 4x the same scenario Thank you...
price had accumulated and manipulated under 60sats we broke resistance at 67sats which turned to support would be nice to see an entry at 94 sats
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 41.56% PROFIT!!! The increase in price may also be explained by positive developments including: April 2: Reddcoin is listed on Ethereum World News which talks about...