RDDBTC trade ideas
Red Coin upside!Interesting find here!
I came accross this while looking for another coin and saw strong patterns suggesting a trend that can generate good profits. I am no expert but have studied some charting technical analysis -as you can see.
Simply strategy - buy at all time high retracements/consolidation
Risk profile - Go ham! throw in racks!
Hopefully I am right!
Redd: Potential 300%Redd has been on my radar after the tweet from Mcafee pushing it higher. As more data is becoming available on the charts, I can see the direction more clear. Projecting Redd to reach 600 sat in 1-2 weeks. Entry can be anywhere between 150-170 sat. What are your thoughts?
Trade with care.
Reddcoin moving on upRedcoin has hit it's 2nd wave and looking to jump up to the third portion finally through the resistance level... should be smooth sailing from here on in.
Not to late to enter this trade... this is a conservative 5 elliot wave count.. Time sensitive.
Huge profit on the table here.
Reddcoin | Cheap Coin CrazeNotice how much cheap coins have been pumping? Doge from 20 sats to over 100 sats, XVG from 50 sats to 1000 sats, so on and so forth. Do I need to mention Ripple?
It appears our newcomers into crypto enjoy picking up these low cost coins (despite market cap being huge).
That means it has become worth it to accumulate these types of coins.
Reddcoin is only at 170 satoshis at the moment. The use case seems promising as they aim to be the payment network of social media platforms. Considering how popular social media is, and how popular low satoshi coins are, we could have ourselves a long term winner here.
Market cap is a little high for me at $750 million, but since DOGE is at $1.7 billion market cap, I suppose anything is possible in crypto nowadays.
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Trade Details
This is could be anywhere from a short-long hold. There are no events for RDD that I know of, so we are hoping new money continues to poor into low sat coins.
Chart for this coin is decent. Near the bottom of a very bullish channel, but such a steep channel could break down if the volume is not there.
Entries: 170, orders at 161, 151
Targets: 195 (major resistance), 235, 299
Stop Loss: 144
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As always, please feel free to ask me any questions you have in regards to my idea. Always willing to have discussions with new and experienced people alike!
Potential trading Opportunity. RDD/BTC 4hr
Technical Analysis Brought to you.
By Kyle of Activ Management and F-XU
Observing potential trading opportunity for #rdd. We got involved in this market before.
And observed great opportunities.
Technicals-
Tower Wedges usually lead to breakout upside if the under gurdle price holds. (UPPER-REDSQUARE) Buyers may enter the market for a retest of previous structure highs. (TARGET) inGreen.
What is RDD- Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public.
Although we dont have a actual product yet. The idea is rather catchy. And may get some reasonable follow through. RDD has been recieved some or litte interest so far. With a market of $634M Popularity maybe soon to come? Stay frosty.
Expected correction, don't sweat it.RDD is in a expected freefall. Long-term signs of an uptrend are strong and should not frighten investors. Expected bounce is about on it's 3rd target of 135 SAT. After that it'll take about till the 19th of January to correct and stabilise around it's all time high of 190 SAT.