Short
Triangle meets fib time zone: RDD a buy?
RDD is tightening.
It has found strong support and been travelling horizontally.
It has also dropped to 60% fib retracement from last wave.
Fib time zones indicate a change at precisely the tip of the triangle.
Keep an eye out.
As the market is currently going up, and technicals indicate a good buy, I'm leaning towards a positive turn.
It has found strong support and been travelling horizontally.
It has also dropped to 60% fib retracement from last wave.
Fib time zones indicate a change at precisely the tip of the triangle.
Keep an eye out.
As the market is currently going up, and technicals indicate a good buy, I'm leaning towards a positive turn.
Note
Right about the change, wrong about the turnRDD has dipped at the fib zone, possibly following BTC for a short time.
support due at around 68, 78 and 100% retracements
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.