Long
RDNUSD pullback-retry
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 heavy resistance may happen at Channel Fibo-2 and we can expect reversal.
Of course, the resistance points might be too strong to break through, so Either Way, stick with your trading strategy and follow your risk management plan.
Happy Trading
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 heavy resistance may happen at Channel Fibo-2 and we can expect reversal.
Of course, the resistance points might be too strong to break through, so Either Way, stick with your trading strategy and follow your risk management plan.
Happy Trading
Note
It is also forming a potential Top- head and shoulderIf that happens there is a potential drop of the price (50% and 100% of the current price)
Will be updated
Note
Look at the monthly and weekly movementsWEEKLY
MONTHLY
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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.
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.