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Rdd

RDD is showing positive signs, time to buy?Hello Friends, RDD, our old favorite coin is on support around 67 sats and decent bounce from the support. Currently trading at 72 sats. With RSI and MACD showing positive signs and Price is trading above the 5 MA. One can buy at 72 sats and Book profits around 96 sats which is triangle resistance. 50 MA, 100, 200 MA can act as resistance, comparing to the past, Price has easily broken those levels, so I expect the triangle in no time. Note: Bitcoin price can impact the alts coin price. So play with caution and stoploss.
Long
by maheswar81
4
ReddCoin Target MapReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend. History could repeat itself which means ReddCoin is on its' way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD. On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom.
RLong
by CryptoPAMM
3
ReddCoin (RDD) Strong Breakout (100% Potential Profits)ReddCoin is having a very strong breakout, but what will happen next? I was looking at ReddCoin (RDD) earlier trying to figure out if this was a real breakout or just a manipulated pump. I couldn't figure it out at first, but it is looking real now. Above you have two charts: (1) 2 hours chart on the left and (2) a daily chart on the right. Now, before we get started, let me tell you that there will be a retrace coming. When there is a huge breakout, a retrace follows. And looking at the bollinger bands, on both the 2h and daily charts, we are already outside the band, which points to a retrace. Now, let's look at the charts: - Huge breakout on the 2 hours chart, and the RSI reaching the overbought zone. This also confirms the coming retrace. This is nothing new, just plain simple and normal. - All the indicators have turned super bullish on this time frame. - On the daily chart, the MACD just crossed over and it is showing plenty of room for growth. After this breakout is confirmed, we can expect more upward action. - The RSI is also very bullish and going up, as well as the DMI, OBV and STOCHRSI. - The STOCH indicator is reaching overbought as well, more proof that a retrace is coming soon. Note: The order book is very heavy on the sell side. How To Trade? Since RDD reached almost a 100% increase in less than a few hours, it is better to wait for the retrace before jumping in. If you do jump in on this trade, you can use the targets that I will be sharing below in order to sell for profits. Note: This is not a trade recommendation. I am not recommending this coin. But I am sharing this analysis by private request and will provide some targets for those interested. Please think carefully before trading and make sure to have a plan. Set up some goals. My strategy is always very, very simple: 1- Buy and hold. 2- Sell on target. 3- If the trade goes south, sell at stop loss price or hold for LONG and sell for profit when the time comes. * Pretty simple. Thank you for your continued support.
by AlanSantana
50
Reddcoin - this is not going to end well.First of all the coin is going down, the next support is at 65 or even lower at 45. The EMAs, (50 and 100), are long gone and the volume is also heading down, (exaggerated blue line in my graph). But more importantly the "social" coin seem to have lost its way - No dev - No updates - No Facebook presence. - No twitter presence. - Rumours that the one and only dev did a runner. - No real development, (none that we can see in months, there was a release, by come on... after 4 years, we expected more...). The only time the coin rises is when it is been pumped... and now dumped. I will buy back when it is below 30 ... and wait for the next pump
Long
by GoodmanSimon
7