RDDUSD
RDDusd cheaper than DOGE and with 1000% gain potential breaking Redd Coin seems slowly breaking out.
As it is usuall the cheap coins go easily 10x.
RDD Ready for moonshot! See the COMPARISON!!! I did another comparison on the monthly chart, but RDD is playing EXAAAACTLY the same as 2017. The Monthly should indicate that we will pump this MARCH 2021!
If we compare to 2017, from the start of the first increase it was 50 days until the BIG PUMP!
29 Mar 2017 until 18 May 2017 = 50 days.
Comparing that to 2021, it will be breaking out March 20, 2021. It can take a little longer until early april.
In 2017 RDD pumped 5200%
18 May 2017 until 4 June 2017 = 17 days pump.
If we would pump 5200% in 2021 it would mean we will be seeing a 300 sats + RDD !
Please see the pictures below...
Fill your bags at 6/7/8 sats, this is a great bottom for re-accumulation.
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RDDUSD short-term viewEverything is clear and simply explained, see chart.
This is not financial advice, please do your own research & analysis.
Don't forget to Like and Follow - Thanks!
Reddcoin cycle change comingThe Reddcoin market cycle began it's turn on May 11th with the disbelief spike to 26 sats.
Rdd's first cycle peaked, then had a break out 1169 days later. The current cycle hit's the same mark today at 1169 days away from the first peak of the cycle, and is coming out of the depression stage of sub 10 satoshi and is currently sitting comfortably atop that as support. The yellow base support line on the chart began Feb 27th, 2017, and is right in line with holding up the current emotional 10 sat support at the end of the downtrend line that will break before the end of the year.
With a market cap of roughly $40M as of today, and a 24h volume of 3.078 bitcoin, a 10x to 400M isn't as far off as you may believe. Rdd is still lacking in major exchange listings, any of which listings could definitely be a catalyst for the price to go up with demand. Bittrex is the main exchange, and looking at the order books, it would only take 450 Bitcoin to pump Rdd up to 120 satoshi right now. A $5M whale move could 10x the MC in seconds up to $400M, which would of course attract enough retail money to buy up the bags that were just set atop a 10x for about 1.5% of the new MC.
Created in 2014 Rdd is a benefactor of the Lindy effect where it's longevity will add fuel and trust to another run. Also, 43 of the top 300 wallets received their first coins in 2020, accumulation has been underway. Staking rewards, now tied to total number of coins staked, is currently around 10% and can't go below 5% with the new posv2 staking reward system.
I first entered Rdd at 8-9 sats in February, and added another 33% of my previous total on top of that today at 12 sats.
Targets for profit next cycle:
38 sats
82 sats
120 sats
----------
less likely but possible,
160
195
440
Good luck, and stay safe.
p.s. I see btc firmly claiming 14k before year's end.
There is a trading opportunity to buy in RDDUSDTechnical analysis:
. Reddcoin/Dollar 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 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00139200 to 0.00090200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00139200)
Ending of entry zone (0.00090200)
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= @ 0.00214000
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.00089900
TP10= Free
There is a trading opportunity to buy in RDDUSDTechnical analysis:
. Reddcoin/Dollar 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 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00139200 to 0.00090200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00139200)
Ending of entry zone (0.00090200)
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= @ 0.00214000
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.00089900
TP10= Free
Reddcoin now in Ascending Broadening Wedge - BullishJust noticed Reddcoin - RDD is forming an Ascending Broadening Wedge
Price is stable now at 0.0020$, support is also very well satoshi wise.
Definition;
1 – The Ascending Broadening Wedge
The Ascending Broadening Wedge is one of six Broadening Wedge patterns to be found in price charts.
Broadening Wedges are plentiful in price charts and can provide good risk and reward trades. The broadening aspect of them suggests increasing price volatility and increasing volume this spells out opportunity.
Identifying Ascending Broadening Wedges
Price makes a low and rises. We then track price as it rises away from the low. We are looking for higher highs and higher lows in a tight range.
The higher highs make a rising trend line, this forms the upper boundary to our pattern. The higher lows make a lower rising trend line, this forms the lower boundary to our pattern.
With the Ascending Broadening Wedge formation we are looking for three peaks and three valleys with tops and bottoms forming the trendlines. Three touches to each trendline.
Both the upper and lower trendlines should rise. The upper trendline should rise more steeply than the lower trendline thus forming the broadening wedge.
Tall and wide patterns work better than short and narrow patterns.
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/Dollar 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 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00110000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00159400)
Ending of entry zone (0.00110000)
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= @ 0.00214000
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01836000
TP10= Free
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/Dollar 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 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00110000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00159400)
Ending of entry zone (0.00110000)
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= @ 0.00214000
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01836000
TP10= Free
RDD' Possible Run SenarioRDD hasn't had a major run for a little while and is coming to the End of a long term chart pattern. I like the community behind this coin but RDD is lacking in fundaments and Tech so I don't believe that long term this coin will stand the test of time. See the attached notes for additional details.
There is a possibility for the beginning of an uptrend in RDDUSDThere is a possibility for the beginning of an uptrend in RDDUSD
Technical analysis:
. REDDCOIN/DOLLAR 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 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00110000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00159400)
Ending of entry zone (0.00110000)
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= @ 0.00200400
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01503000
TP10= @ 0.01836000
TP11= @ 0.02914700
TP12= Free
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. REDDCOIN/DOLLAR 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 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00089390). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00159400)
Ending of entry zone (0.00089390)
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= @ 0.00200400
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01503000
TP10= @ 0.01836000
TP11= @ 0.02914700
TP12= Free
Rdd/Usd going to .008 USDWIth the deals pending for rddcoin it is inevitable that we are going to have a short term trade opportunity taking us to .008 cents (usd) then a drop back down to retest the lows where one can buy more rdd because it is a future social crypto. It is an established coin with real legs.