Technical analysis:
. REDDCOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
. The Falling Wedge taking shape and as a bullish pattern suggest we will soon see another leg higher if price break and close above downtrend.
Trading suggestion:
. ...
REDDCOIN/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080).
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether ...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 36.23% PROFIT!!!
The increase in price may also be explained by positive developments including:
December 2017: ...
On the 7th of January, Reddcoin has reached an all-time high, hitting $0.032 level. Then price corrected down sharply and stopped near $0.0044 area, resulting in a 87% loss to the USD, in just one month.
The $0.0044 area is the 88.6% Fibonacci retracement level, that has been rejected. And looking at the chart, since December 2017 up until now, this level has ...
https://www.tradingview.com/x/KiMuaWC8/
Weekly
Looking at our trend timeframe we see price is currently bouncing off our major horizontal and dynamic support. Recently RDD formed a lower higher around 110, price is now looking to forma higher low leading to my conclusion that we could be seeing a breakout towards the upside very soon. ...
BITTREX:RDDBTC
1D Chart, also works in 4H, at this time ReddCoin (RDD) is testing by third time the SUPPORT ZONE 2 since April 25 (0.00000080 BTC), gaining strength to move towards RESISTANCE ZONE 1 (TARGET 1 0.00000100 BTC). The 50, 100, 200 MA is increasing its 100/200 days signals separation (GREEN ARROW), the Volume is increasing -EVENTUAL PRICE INCREASE- ...
Here is my thought process on Redd Coin.
The coin is available to trade on Bittrex.
My opinion on RDD/BTC is bullish as it has volume accumulation and RSI near 30 suggesting the coin has been over sold.
The price movement for RDD for the past month has seen dramatic price (30% or more) increases at various time frames and I think it will make another jump ...
Looking at the daily we see price has hit major resistance @ 115 satoshis, and has since retraced as low as 77 satoshis. Stochastic RSI showing momentum has radically shifted towards the downside. Until BTC has found support, expect altcoins to follow after some consolidation. Expecting a drop towards 60 satoshis in the next couple days. If price does not hold at ...
Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading RDD-USD from 17 May 2017 to 26 May 2017, on the Daily Chart.
In this trading scenario, on 17 May 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment capital. ...
How many % of profit could have been made if you just follow the 20MA... Its crazy... Next time look for market down move look for RSI on higher TF and then hop on the trend.
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 41.56% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 2: Reddcoin is listed on Ethereum World News which talks about how ...
REDDCOIN/BITCOIN
New trading suggestion:
*The price is in an Up Trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.00000080), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the ...
RDDBTC and the team around it are doing their work, a lot of updates will follow in the next couple weeks according to my sources. We´ll see how the trend will go on.
At the moment the price is playing around the trend line.
Good luck and happy trading!
I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for others every day! Bunny Token ...
