Reddcoin looks pretty solid right now. It's had some crazy gains lately but now it appears to be building a cup and handle . RSI strong but showing signs of a reversal (which could be the handle). Stoch overbought and allows for downside. Worth watching for sure.
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So, generally what do I see from RDDBTC graph is that it touched 4/1 support line and bounced, it may be a confirmation for trend reversal. Slow Stochastic indicator confirms upward movement by breaking lower border and price didn't go lower. Buy zone: 74-80, Sell zone: 150-170. Stop-loss at 66. Good Luck !
My first idea. Please give feedback.
BITTREX:RDDBTC is setting itself up to be a good year. Definitely has a use though one of the highest total supplies.
Checkout out other coins of that total, BINANCE:TRXBTC has exploded as one example.
This coin seems to have a great following on twitter, which is a good indicator of sentiment.
My target is 130...
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RDD in a descending channel looking to breakout above .0000066. The channel is consolidating towards the support line at 66. If the Breakout can cross over the two resistance lines then it should move to 144 before stalling. This looks to be a 5 to 8 day move based on the current volume. There has been an increase in buying support in the last 24 hours. if...
RDD is looking for another upswing. Don't be greedy on this one. It will most likely go up and down for the next days. Risk reward ratio: 1/3
Buy-zone: 82-86
Target: 109
Stop-loss: 77
Utilizing past Supports, Resistances, and Fibonacci Retracement, I anticipate a dip before we see the price surpass 100 Satoshi again. Further notes are on the chart.
