$RDN Long, R:1.58i know the SL is a bit far, but as the volume on this one is so low, its so easy for a marketmaker to eat your stop lossess.. as happened 29th of October.. Calculate your order size with your risk limit.. 2-months long ascending triangle, Good green (relative)volume candle.. Nice one to try out.. RSI is indicating bullish..
Raidennetwork
Raiden NetworkRDNBTC Moving in triangle and want to break out resistance line. Stoch RSI - Oversold.
This coin I have in my portfolio. I see potential for further growth and by the end of the year I believe that we can see at least + 100% (This is just 23.8% level fibonacci from the whole movement). Market Cap $27 772 094 USD. Rank 161
Because Raiden Network enables off-chain scaling solution that hopes to enable fast, low-fee and scalable payment on the Ethereum blockchain. Developers are actively working on the project and provide weekly reports, here is the last one www.reddit.com
Activity in the test network is very high. I think in the end of the year we will see solutions for the scalability of the Ethereum network, and Raiden will do they job.
We are at the bottom, this is a zone of accumulation of this coin, and as you know, after the accumulation there is always price growing. For this fasten your seat belts, you're on the runway!
A trading opportunity to buy in RDNBTCTechnical analysis:
. RaidenNetworkToken/Bitcoin 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 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007500 to 0.00005700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007500)
Ending of entry zone (0.00005700)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00011400
TP2= @ 0.00016800
TP3= @ 0.00021390
TP4= @ 0.00024160
TP5= @ 0.00030140
TP6= @ 0.00036170
TP7= @ 0.00044700
TP8= @ 0.00055610
TP9= Free
A trading opportunity to buy in RDNBTCTechnical analysis:
. RaidenNetworkToken/Bitcoin 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 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007500 to 0.00005700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007500)
Ending of entry zone (0.00005700)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00011400
TP2= @ 0.00016800
TP3= @ 0.00021390
TP4= @ 0.00024160
TP5= @ 0.00030140
TP6= @ 0.00036170
TP7= @ 0.00044700
TP8= @ 0.00055610
TP9= Free
A trading opportunity to buy in RDNBTCTechnical analysis:
. RaidenNetworkToken/Bitcoin 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 51.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007220 to 0.00004720). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007220)
Ending of entry zone (0.00004720)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00011400
TP2= @ 0.00016800
TP3= @ 0.00021390
TP4= @ 0.00024160
TP5= @ 0.00030140
TP6= @ 0.00036170
TP7= @ 0.00044700
TP8= @ 0.00055610
TP9= Free
A trading opportunity to buy in RDNBTCTechnical analysis:
. RaidenNetworkToken/Bitcoin 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 51.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007220 to 0.00004720). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007220)
Ending of entry zone (0.00004720)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00011400
TP2= @ 0.00016800
TP3= @ 0.00021390
TP4= @ 0.00024160
TP5= @ 0.00030140
TP6= @ 0.00036170
TP7= @ 0.00044700
TP8= @ 0.00055610
TP9= Free
Daily Bullish Signal for #RDN #RDNBTC (13-09)#RDN (RDN/BTC)
Buy : 6200-6500
Flash Sell : 6700
Short Sell : 7000
Long Sell : 7500-8000-8500
Stop : 5900
Follow me for more signals daily
PM me if you need help or learn from reality
Raiden Network Token - descending wedgeHi my friends, here is RDN chart.
Price is inside descending wedge (bullish pattern), currently price bounce from strong support area. Both technical indicators show bullish divergence. I expect break top dotted line.
Majkee
(I am sorry for my English)
flying the RDN flagMany of these formations happening across the market at the moment given the recent bullish shift in sentiment thanks to btc etc.
RDN is a great project with many future prospects and the team is currently completing an asian tour (ethtour.asia) which in my opinion may generate more interest/volume from these markets, especially considering there is much upside movement to come for rdn.
RDNBTCRaiden Network Break out resistance line of the channel. Looking for fibonacci levels. Low volume
Fundamental
The Raiden Network provide Instantaneous, affordable, scalable, and privacy-guaranteed payments based on Ethereum ERC20 tokens are the ideals espoused by the Raiden network’s technological preference. By so doing, the network can push back the frontiers of current on-chain limitations.
Raiden Development Update
medium.com
Raiden Network VS Bitcoin Trade SetupRaiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend.
However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels.
On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support.
RDN direction, my first chartJust a newb trying our new things. This chart shows the general channel RDN is taking and potential resistance levels it will encounter.
Raiden NetworkRaiden will go for a re-test of resistance soon! We can observe and look for the possible break-up up! Indicators on the daily are not great yet! So we can bounce and consolidate for 2 more days! its worth getting a position and catching the upside to the first resistance!