💎Technical Analysis Summary💎
-Raiden Network Token tested the key area of support and saw a good bounce
-Though this is a good sign because the support is being respected
-But this is still not enough to confirm a reversal of the downtrend
-We need to see reversal patterns like Double bottom or IH&S patterns
-Until we see multiple reversal...
RDN in US$ value on the 1 Day charts seems likes it has formed a double bottom and about to break out, potentially to the $0.44 value. On the MACD chart, the signal has crossed the MACD line in an upwards trend in positive territory. RSI is below 60 and Stochastic RSI is yet to be maxed out above 80. This could potentially signal a big break out, keep a close eye...
RDNBTC just broke out of its major resistance area.
Now would be a good entry point.
Stoch RSI bottomed and is reversing bullish.
50, 200 Day MA formed a golden crossover.
Take profits are 38%, 82&, 120% respectively.
2 week showing signs of the Crossover that we are seeing on a lot of altcoins.
Long term hold. Let's get that final crossover.
Price: 11 cents
Market cap: 5.5 million
24 hr volume 2.5 million
Circulating supply: 50 million (not bad at all)
Raiden is a protocol for fast, cheap, and scalable token transfers on ethereum. Raiden is...
Many altcoins are starting to grow just like we were expecting. This is great news because the projection is green long-term, cryptocurrency can be used to diversify from conventional markets.
The risks are higher but also the potential rewards.
Here we have Raiden Network Token (RDNBTC) producing a bullish breakout.
Prices are now trading above EMA10,...
For RDN/BTC we are testing a resistance line, if we break this line above we will wait for some acumulation and enter on next breakout or pullback, like is market on the chart, at the green box.
Please push the like button and follow us on TradingView
RDNBTC (Raiden Network Token) just broke above EMA10/EMA50 and is now aiming higher...
Looking at the chart above, we can notice good volume starting to coming as well as a hit of MA200 (black line).
This move is just starting now and needs additional time to develop, but the signals are telling us that RDNBTC will now start to grow.
Conditions for change...
I think Raiden Network Token (RDNBTC) is getting ready to challenge EMA50 (0.00001842) again if this level can be conquered massive growth will follow.
I've marked multiple targets with magenta dashed lines on the chart.
The blue lines are for the support levels. Right now 0.0001550 - 0.0001600 is the main support range if this level breaks prices can easily...
This one has had its free fall, like most coins,
but after this last double bottom W, I have been
watching. It took off on that W for more than a 100%
return. Looking at some previous levels, this seems like
a fun play. Stays above the cloud. This resistance and
hard retrace after W was clearly intentional. It may be
keeping it down or it may be someone/thing...