Technical analysis:
REDDCOIN/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone...
RDD is forming a symmetric Inverse Head & Shoulders indicating a reversal of the current downtrend from the all time high in January. The 20 day moving average is also about to cross the 200 day moving average, which historically has been correlated with an imminent impulse. Look at the chart what do you think. Like Follow Comment and lets get shwifty ;)
This is a High Risk trade until reversal or trend change happens.
Reddcoin has a bright profitable future, we will keep our followers and members available.
Comment with any questions.
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Hello Friends,
RDD, our old favorite coin is on support around 67 sats and decent bounce from the support.
Currently trading at 72 sats. With RSI and MACD showing positive signs and Price is trading above the 5 MA.
One can buy at 72 sats and Book profits around 96 sats which is triangle resistance. 50 MA, 100, 200 MA can act as resistance, comparing to...
A crucial part of my ALT analysis comes from Reverse cyclicality to BTC from date DEC 18 where they break previous levels. short list of alts include XRP TRX QTUM XVG SC RDD.... list goes on actually. TRADE YOUR FIBS WELL. MANY have a fib resemblance if you look for it! This analysis comes with btc return to 5k & 3k level hover for 6-9 months before return of btc....
ReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend.
History could repeat itself which means ReddCoin is on its' way to continue the long-term uptrend. Although there are several obstacles on...
RDD is tightening.
It has found strong support and been travelling horizontally.
It has also dropped to 60% fib retracement from last wave.
Fib time zones indicate a change at precisely the tip of the triangle.
Keep an eye out.
As the market is currently going up, and technicals indicate a good buy, I'm leaning towards a positive turn.
The more I look at this, the more it seems likely///Any thoughts, comment. Keen to get some ideas.
This is by no means investment advice of any kind.
GMTK
New channel - Decent Vol. - New Korean Exchange listing - Expecting a retest of the bottom of the channel
As long as this keep laddering up, this should hold moving forward, less any BTC/ FUD power moves.
This is by no means any kind of investment advice.
GMTK
ReddCoin is having a very strong breakout, but what will happen next?
I was looking at ReddCoin (RDD) earlier trying to figure out if this was a real breakout or just a manipulated pump. I couldn't figure it out at first, but it is looking real now.
Above you have two charts: (1) 2 hours chart on the left and (2) a daily chart on the right.
Now, before we get...
ReddCoin has been gaining traction lately, it recently rose 1300%, and we are expecting another MAX target of 1100%. It has retraced 61.8% which marks the second wave of Elliot Wave Theory and means the third wave will soon commence. Be vigilant in watching the 1.618x and the 2.618x. If it retraces at the 1.618x you may hold your long because this usually means an...
![RDDUSD: RDD/BTC + RDD/USD - Another potential 1100% [R:R - 40%:1100%]](https://s3.tradingview.com/c/CkhdUYkY_mid.png "RDD/BTC + RDD/USD - Another potential 1100% [R:R - 40%:1100%]")
