RDN/USDT 1D UpdateRDN broke out of the 168 days resistance trendline.
This is a daily chart so it's highly likely we will see a good rally here.
It is currently retesting the resistance turned support.
Also trading above both 50D and 21D MA.
Accumulation Range:- 980 sats to 1150 sats
Targets:-
1465
1692
1858
2401
Stop loss:- 841
Rembebar.This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade..
Happy trading...
Thank you...
Rdnusdt
#RDNBTC 269%+ Potential Rally aheadWelcome to this quick Trade Setup, everyone.
If you are reading my updates for the first time, do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
RDN broke out of the 168 days resistance trendline.
This is a daily chart so it's highly likely we will see a good rally here.
It is currently retesting the resistance turned support.
Also trading above both 50D and 21D MA.
The on-chain shows big accumulations of almost $1.2 million worth of buys in a single day, a steady accumulation since the last few weeks. No major pump is seen to this day.
Accumulation Range:- 980 sats to 1150 sats
Targets:-
1465
1692
1858
2401
2993
3453
Stop loss:- 841
DYOR before taking this trade.
Also, I keep an eye on the Dominance chart. IF BTC.D bounces and becomes bullish I exit my ALT/BTC Pairs.
If that scenario comes I'll let you know so don't worry.
What's your thought on this?
Do hit the like button if you like this trade setup and share your views in the comment section.
Thank you
#PEACE
RDN/USDT Update: 150% is bagged. Another one is in the chartsRDN as one of the potential scaling solution started its recovery up to 150%.
Looking at our next targets we can see that another similar move looks likely.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
RDN/USDT Update: Raiden Network startet its move >150%Raiden Network as off chain scaling solution started its move to the heavens.
We are currently 150% from our entry point but there is still a long way to go.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
RDN Raiden Network Token Daily Trade Setup RDNBTC RDNUSDT RDNUSDRDN Raiden Network Token Daily Trade Setup RDNBTC RDNUSDT RDNUSD
RDN/BTC (Good Bounce @ Key Support?)💎Technical Analysis Summary💎
BINANCE: RDNBTC
-Raiden Network Token tested the key area of support and saw a good bounce
-Though this is a good sign because the support is being respected
-But this is still not enough to confirm a reversal of the downtrend
-We need to see reversal patterns like Double bottom or IH&S patterns
-Until we see multiple reversal signs, this small rally will not hold longer
-I recommend to wait and be patient until the key signal shows up
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RDN/BTC (Daily Pullback)RDN/BTC
-Raiden Network Token is now pulling back to key areas of support
-The important level to be watching is around 2800 sat area
-This is a confluence of previous resistance turned support
-And additional support Fib level at 0.786
-Be sure before entering a position, wait for any Bullish signs of reversal
-We want to reduce the risk involved as much as possible
RDN/USD +1700% Ichimoku Cloud Edge-to-Edge HopiumRDN/USD 1W Ichimoku Cloud potential edge to edge trade of +1700% if cloud resistance broken.
Price is above Tenkan line (blue) and consolidating below Kijun line (red) and cloud resistance.
Seems to be forming some sort of bull flag/ ascending triangle on the 1D chart.
Lagging span (green) has made its way above price action indicating bullish momentum.
High timeframe momentum oscillators are leaning bullish.
Lettuce pray for this meme.
Happy trading :)
RDN/BTC (Strong Breakout; hitting key resistance)RDN/BTC
-over 90% price pump after cross ultimate indicator flashes
-the price is hitting mid resistance area
-I do not recommend to buy at this level
-already missed the best entry point
-if you like to trade this coin
-wait for the consolidation or acceptance above the 2300s
-this will give extra confirmation that the bull
-have taken this new area of support
-and continue higher up to 2800s
Trading Idea on RDN.Hello Traders,
For RDN/BTC we are testing a resistance line, if we break this line above we will wait for some acumulation and enter on next breakout or pullback, like is market on the chart, at the green box.
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