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 retesting the resistance turned support.
Also trading above both 50D and 21D MA.
Accumulation Range:- 980 sats to 1150 sats
Targets:-
1465
1692
1858
2401
Stop loss:- 841
Rembebar.This is not a piece of financial advice....
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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...
💎Technical Analysis Summary💎
BINANCE: RDNBTC
-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/BTC
-Raiden Network Token is now pulling back to key areas of support
-The important level to be watching is around 2800 sat area
-This is a confluence of previous resistance turned support
-And additional support Fib level at 0.786
-Be sure before entering a position, wait for any Bullish signs of reversal
-We want to reduce the risk involved as much as possible
RDN/BTC
-over 90% price pump after cross ultimate indicator flashes
-the price is hitting mid resistance area
-I do not recommend to buy at this level
-already missed the best entry point
-if you like to trade this coin
-wait for the consolidation or acceptance above the 2300s
-this will give extra confirmation that the bull
-have taken this new area of...
2 week showing signs of the Crossover that we are seeing on a lot of altcoins.
Extremely exhausted.
Long term hold. Let's get that final crossover.
Stats:
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...
RDN/BTC
-potential local trendline breakout
-trading above 200MA and 50MA on 4H chart
-RSI level is above 50 which is bullish
-must hold the key support at 1224 sats
-upside target is up to 1622 sats
-stoploss below 200MA
