A group of altcoins has reached rock-bottom twice now and they seem ready for a bull run. Good time to enter a position on coins listed in my Altcoin Index after doing your own research. Always use a stop loss, and good luck in your trading.
Technical analysis:
. REDDCOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00089390). if so, traders can set orders based on Price...
There is a possibility for the beginning of an uptrend in RDDUSD
Technical analysis:
. REDDCOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone...
We had a great rise earlier this month! After the big price increase we fell down a bit.
Also 10th of April a lower high. As you can see, we moved down in a descending triangle. (Red triangle)
As you can see now Reddcoin broke out of the descending triangle today 18th of April!
As you can see we are now in an ascending triangle (blue triangle).
The black...
WIth the deals pending for rddcoin it is inevitable that we are going to have a short term trade opportunity taking us to .008 cents (usd) then a drop back down to retest the lows where one can buy more rdd because it is a future social crypto. It is an established coin with real legs.
Technical analysis:
. Reddcoin/USDollar is in a range bound 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 37.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00175). if so, traders can set orders based on Price...
After our last post, RDD had a monster move after the breakout from it’s descending trend line and netted the team some very healthy profits. Clearly it had to retrace, which it has, to the 786 fib region.
Now looking for a 3rd wave up targeting around 0.00715947 which will be a tidy little return.
Too volatile and illiquid to trade with tight stops so this is a...
Big month for ReddCoin with a lot happening on their roadmap between now and the new year. In terms of price action, RDD has just broken above a long term downtrend line established from ATH back in early Jan.
1hr closed above, as has 4hr. Will wait to see Daily close above and retest with continuation volume before getting too excited but this is the first...
Technical analysis:
. Reddcoin/Dollar 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 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
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...
We often see wedges morph into columns. For example, we saw LTC do this a couple months ago. I've seen people here on Tradingview call a breakout for RDD. We see potential breakouts in RDD/USD as well as RDD/BTC. The dramatic 99% retrace in wave ii on the RDD/BTC chart caused this breakout potential. I am seeing it as a bear wick. RDD/BTC has a huge cluster...
RDD/USD has been observing the downward wedge I posted, perfectly, and it is still contained within the wedge. I am expecting to see a "bull wick" on the wedge coming here very soon, and it will be point E on the wedge. By Bull Wick I mean it will pierce the bottom support line on the wedge, and then bounce sharply back into the wedge. After that I expect it...
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