RDN-BTC
Updated
Greetings,
speculation coin, has main trading volume on binance but is also available on other exchanges huobi, Uni, 1inch. If binance does not delist then the idea has room for attention.
On the weekly chart, the price has formed a wedge.
Daily chart
The price fell almost without a pullback from the previous bounce, forming an arc. It is possible formation of a bowl, with the "neck" level at the price of 4500 satoshi.
At the moment, the local trend is pushing towards the 1400 satoshi zone, the price has formed an ascending triangle, or "bowl with a handle", volatility is narrowing.
A breakdown and confirmation of the support of the 1400 level will be decisive for a further price move, after which a further uptrend will begin.
In case of a breakdown of the triangle downwards, and fixation below 840 satoshi, will develop a local low trend, where the first area of interest of the buyer at the "bottom" of the 500-550 satoshi bowl.
Trading ideas.
Weekly chart - breakdown and confirmation of the wedge trendline support, potential for a price move along the levels.
Daily chart
Rising triangle (bowl with a handle) - breakdown of the "neck" line or from the lower edge of the triangle 850 satoshi, potential for 170% +
Concave bottom - break and fix above the 1400 satoshi zone, or from support +/- 850 satoshi 200%+.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe to it, so as not to miss anything.
speculation coin, has main trading volume on binance but is also available on other exchanges huobi, Uni, 1inch. If binance does not delist then the idea has room for attention.
On the weekly chart, the price has formed a wedge.
Daily chart
The price fell almost without a pullback from the previous bounce, forming an arc. It is possible formation of a bowl, with the "neck" level at the price of 4500 satoshi.
At the moment, the local trend is pushing towards the 1400 satoshi zone, the price has formed an ascending triangle, or "bowl with a handle", volatility is narrowing.
A breakdown and confirmation of the support of the 1400 level will be decisive for a further price move, after which a further uptrend will begin.
In case of a breakdown of the triangle downwards, and fixation below 840 satoshi, will develop a local low trend, where the first area of interest of the buyer at the "bottom" of the 500-550 satoshi bowl.
Trading ideas.
Weekly chart - breakdown and confirmation of the wedge trendline support, potential for a price move along the levels.
Daily chart
Rising triangle (bowl with a handle) - breakdown of the "neck" line or from the lower edge of the triangle 850 satoshi, potential for 170% +
Concave bottom - break and fix above the 1400 satoshi zone, or from support +/- 850 satoshi 200%+.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe to it, so as not to miss anything.
Note
At the moment we need to watch out for the breakdown of the local descending trend, drawing a conditional trend line for the entry point for the continuation of the upward movement.
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