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ReddCoin / Bitcoin

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RDDBTC trade ideas

RDD to the moonRDD has shown significant positive MACD signals 4 times in life. Out of them the first two were above EMA 50 and thus showed up to 10x profit. The third time MACD showed positive signal, the price was below EMA 50 and even though it crossed it's moving average, it couldn't sustain it. Now when 4th-time MACD is showing positive signal, it has crosses and sustained EMA 50, but now that the volume is much more than when it was the first two times, it's profit is expected to be only 50-100%. Other important signals: 1. Ever increasing Volume 2. Positive signals from OBV 3. Maintaining the orange trendline
Long
by dhruvdangi
1
RDDBTC - Trending down might break Trend Line on Wave 3 This is an hourly chart. The 200-day Moving Average is not definitive of uptrend but the 20-day Moving Average is still below the 200-day Moving Average and above the charts hence everything looks Bearish. I see the Correction ABC and failure of impulse which gives us WXY correction and here the chart continues downwards pass the 0.618 Fib Retracement signalling that the downward trend is now the impulse and it is a trend reversal (Up to Down). But then after that looks like an impulse wave upwards. I am not sure if there is trend reversal or a correction for the downward. Can someone please verify and comment?
Short
by MarcusAtb
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