RDDBTC trade ideas
rdd reddcoin possible breakoutstill learning here guys, the 5 wave breakout is eyeballed btw.
still looking for a 3-6 hour ema confirmation but we are pretty close, 1hr is confirmed
triangle break out confirmed.
could be pretty accurate as long as btc maintains it current support line trend.
I would say there is about 62% chance this is accurate due to needing the remainder of ema confirmation and potential neg btc influence
I'm doing these to force myself to learn faster, I'm still a novice.
constructive criticism appreciated.
RDD Bouncing off the 50 EMA again?Looking at the graph there is a small pennant starting to form and we are also getting very close to the 50 EMA.
So I would expect a small bounce in the next day or two
I would buy some now and try a few more at 92.
Then aim to sell 50% at 106 and the rest at 109
This coin is definitely on a down trend for the foreseeable future, so I would be careful to expect too much out of a week-end bounce.
ReddCoin (RDD) will jump to $0.40 (Prediction #42)ReddCoin (RDD) will jump to $0.40 (Prediction #42)
Trade Date 26 Jan 2018
Expected Date (will be announced)
Target : Pending
Result Date (will be announced)
Important thing:
Remember you can't rely on single indicator Elliot waves , you should consider all things(indicators,fundamentals, technical) before entering trade.
I take into consideration all things before trading! My Target for Profit will be same as I expect! Even a subtle fluctuation in price doesn't matter!
No good signs for ReddcoinAs you can see very clearly, Reddcoin repeats the same process as on June 2017, which is common in the crypto market.
Even if I feel sorry for any fan of Reddcoin, technically it will not look good for you for a long time - especially because Bitcoin will also correct.
However, it must also be admitted that the value of a Reddcoin is currently much too high. A correction is needed, no matter how good the coin may be.
It is your decision to keep this coin or not, at least I will not touch it for a long time.
For now I can say that our entry point is at about 40-50 SAT, which may change in the long time.
Nevertheless, I wish you good luck - open your eyes and do not be greedy or you will lose.
RDD Bearish continuation is highly likelyI'm bearish on RDD because we have seen this pattern before and history tends to repeat itself. I would not be holding onto RDD unless you can wait for months until it comes back up. Both MACD and Stoch indicate a bearish trend. It could take up to 6 months for a trend reversal.
RDD still a little more down to go. Should bounce between 65-95After a month, it appears some of the whales are a little more exhausted now as the total sell orders on bittrex are down from around 3500 bitcoin worth to <2500 bitcoin worth. however, the buy side is down as well as volume has dropped a bit. There are a lot of Alt coins now and RDD has fallen a bit in volume rank on cryptocompare. However, on the chart, we have a lot of volume around 75 satashi which sits just above heavy support ;level (C on the chart) that we have bounced off of before in the 6x satashi range. There is also a simple (B on the chart) and exponential (A on the chart) moving average above this area that might provide support. We can also draw a possible trendline (A on the chart) from where this rise started in December to the last major low. A bit of boring sideways drifting would not be surprising also since there isn't a lot of momentum on either side. A major announcement might cause another pop to the 150 range unless bitcoin gets ill again.