- This idea is based on moving average - Long term trend: up (hovering around MA100, good time to buy with tight stoploss) - Medium term trend: down There is a chance it drops down to ~115 (at .618), set stoploss at 110. Target is 250 based on fib retracement. *Keep in mind: MACD does not look pretty at the moment, but we shall see.
Don't know which direction but I am sure it will pop soon.
RDD going to break out and shoot to 250 satoshi? Looking strong and bullish.
Briefly crossing 152 to 155 I felt this may be the breakout point. After a failed attempt the price keeps falling to 142 where a fairly solid support line has formed. Moving sideways in the cloud there is a ascending triangle forming towards the resistance line. Look for the price to move up if it stays above the 142 and crosses out of the cloud at the 152...
RDD seems to follow this fractal pattern and i think it will hit 250 in the next week/week and half. What are your thoughts? Leave a like and follow if you agree. Thanks.
MACD x with incoming wedge squeeze. Looks like a small rise is coming and if it can hit and support 160.. after that, it could have a breakout. One to watch closely. Target 1: 160 Target 2: 195 Stop loss 139
Made some adjustments after learning a lot from a group I'm in... I think this looks a lot better!
So, it's time to start a new Reddcoin post. I was saddened to see that Reddcoin lost it's momentum and there was a verified wave 1 months ago that validates this as a complete 5 wave structure. I'm expecting this to correct for the next month or so, I'm also expecting this to correct in the form of a wedge. I will only activate the trade if it remains in our...
Has consolidated throughout the week on low volume. Expect to rise over the weekend and test 195 again, perhaps moving to 200+
Looking good and trying hard to eat up these sell walls... we are so close! Can we do it?!
Very hard to plan this coin as it has no real trading history, (most of the history is either dormant or pump and dumps). So it makes sense that it is eventually going to settle back down. There might be one or two up on the way down, but I see it going to 130 over the next few days. I cannot see it going back over 140
Moving up above the cloud. See previous chart for targets.
RDD had a correction earlier this week to its previous FIB retracement levels (FIB +/- 0.00000145) and has since shown upward momentum back into the trend line. With EMA approaching bottom line, I am expecting a bounce off of the trend heading back up! History repeats itself - Resistance at 145 needs to be broken
All the indicators still point at RDD going slowly down. Unlike other coins this one has a lot of support, but not much in term or real development. I think the support is at 129/130 and might even continue to go down over next week
Reddcoin getting bullish signs out of the triangle, if all the FUD is clear like it looks it could be taking off, there's already signs of that.
Don't know too much about the fundamentals of RDD but I'm a technical trader and like what I'm seeing here. Nice 88.6% FIB bounce (XYZ)Looks like we're gearing up for more possible continuation towards the 1.382 extension. If all goes well we should see some good gains here shortly
Possible scenario for RDD. This coin has been receiving a lot of attention and volume recently. Also, being a "cheap" coin newcomers may be loading up on it. I will be looking at a buy zone around 127 sats if it follows my prediction, and/or upon breakout of resistance line upward or a bounce off of the support line upward. Possible elliott wave scenario and...