RDN has been moving in a very low area of the chart for the last 2 years and a half, and we can read several trend inversion signals from the weekly chart and other timeframes.
-huge descending wedge formed and now price is challenging the upper resistance for the third time, expected breakout
-volume raising (bullish divergence) with some green peaks
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RDN broke out of the 168 days resistance trendline.
This is a daily chart so it's highly likely we will see a good rally here.
It is currently...
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first...
At the 1M chart, the price broke the downtrend, forming the first upside impulse.
Besides, the trendline was broken on a significantly increased sales volume, indicating that a major player was forming a long position.
On the 1D chart, the price is correcting and is currently trading between 50% and 38.2% Fibonacci levels.
We recommend buying RDNBTC to take profit...
The coin has been consolidating for 1 year and has started picking up volume for a chance to finally start to tick to the upside. the Take profits have been set in 3 points - if it breaks up it will go parabolic.
Trade will be a risky one so please play it with caution- high volatility!
This is simple. We are in a bull market. Everyone is a genius. 🚀
ONT looks ready to breakout of its accumulation range. Expecting a vertical move soon similarly to ADA.
ICX, RDN have recently initiated their breakouts
RDN looks ready to break out of this BARR bottom setup into a bigger inverse head and shoulders pattern on the weekly, then into an even bigger IHS on the daily. Nice bullish patterns!
Both IHS targets and both BARR targets are marked on the chart.
Potential return: ~1200%
speculation coin, has main trading volume on binance but is also available on other exchanges huobi, Uni, 1inch. If binance does not delist then the idea has room for attention.
On the weekly chart, the price has formed a wedge.
The price fell almost without a pullback from the previous bounce, forming an arc. It is possible formation of...
RDNUSDT potentially breaking out of a inverse head and shoulders. X = Stop loss; circles = take profit targets. You can divide your profit taking in thirds or take all at the final target.
Thank you and good luck!
RDN, a project by brainbot labs based in liechtenstein, is essentially ethereums version of BTC's lightning, or that's what they tout anyway.
Chart is looking STRONGLY bullish and I would not be surprised if this goes super nova here very soon.
Clear breakout, volume going crazy, nice low cap coin too at just under 41m currently. Going to see a massive jump up I predict.
RDN as a scaling solution like OMG and MATIC is bullish by design.
It suffered a lot and starts to fight back as volume starts to grow.
This could be a hidden gem, but be aware that small cap stuff is more risky.
Enjoy the ride and don't be too greedy.
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