Welcome to this quick Trade Setup, everyone.
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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...
The plan. X marks the spot for entry supported by Time Support. Arrowhead for exit. Solid uptrend here. Found nice support so far at .666 fib and laddering up from there. It is hitting its attack level so further retracement risk is minimal at present. Best Wishes.
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!
RDNUSD W: 2400% gains BEST level TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: RDNUSD weekly chart review
::: accumulation in progress now
::: 2400% gains is not a typo
::: focus on BUY/HOLD near
::: range lows...
💎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...
-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
Over the last few days RDNUSD RDNBTC daily reached the target I marked in my earlier posts, had a pull back to the top of the channel, and no is going to retry the previous target again (1.6).
It is possible that after some resistance at Channel Fibo-1.6, it may break through the resistance line and head to the 2nd target (Fibo-2 and 2.6)
Bear in mind that a...
RDNUSD shows a >>possible "head and shoulders" pattern<<
If it brakes the neckline then the price can fall to ChannelFibo-0.78 where both CF-0.78 and the uptrend line support the reversal.
Just for Educational Purposes
RDN/USD 1W Ichimoku Cloud potential edge to edge trade of +1700% if cloud resistance broken.
Price is above Tenkan line (blue) and consolidating below Kijun line (red) and cloud resistance.
Seems to be forming some sort of bull flag/ ascending triangle on the 1D chart.
Lagging span (green) has made its way above price action indicating bullish momentum.
-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.
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...
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.
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-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