RDNTUSDT trade ideas
RDNT SHORT SETUPHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RDNT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RDNTUSDT 1HRDNTUSDT 1H
Our impeccable “ulianov bands” indicator
The RDNT in cumulative wedge formation, needs to break 0.3938 to be able to return to the target of 0.4746]
SUPPORTS 0.3765 / 0.3696
RESISTANCES 0.3938 / 0.4016
Seller RSI
MACD: Losing Pace in the Bearish Zone
MM100: 0.4019
On the RDNT platform it is possible to provide liquidity or lend assets such as DAI, USDC, USDT, ETH and WBTC.
For each cryptocurrency there is an interest rate to be paid in case of loan, or to be received in case of deposit. There is also a mechanism to receive tokens in Radiant Capital's RDNT cryptocurrency and receive a higher return.
The same RDNT token can be staked receiving interest on diversified fractions of other tokens.
Positive Indicators with Resistance AheadHey there! Let's take a look at Radiant Capital (RDNT). The current price is at $0.4049, and we're looking at a 4-hour timeframe. The Relative Strength Index (RSI) is sitting pretty at 61, which means the stock isn't overbought or oversold.
Now, let's talk Fibonacci levels. RDNT is currently trading above the 0.3012 level, which is a good sign. But watch out for the 0.5 level at 0.4765, which could act as resistance. The 1 Fibonacci level at 0.6519 is the next big resistance level to look out for.
Looking at the Bollinger bands, RDNT is trading above the middle Bollinger band at 0.3495, which is a positive sign. But be mindful of the upper Bollinger band at 0.4110 and the lower Bollinger band at 0.2879. The volume oscillator is at +42.43%, which suggests a higher-than-average trading volume.
The Moving Average Convergence Divergence (MACD) is currently at 0.0110, indicating a bullish trend. But the stochastic oscillator is at 51, which is pretty neutral.
Lastly, the hourly Exponential Moving Average (EMA) 50 is at 0.3661, and RDNT is trading above this level, which is a good sign.
So, what's the verdict? RDNT has some positive indicators, but there are some potential roadblocks too. Keep an eye out for the 0.5 Fibonacci level as a potential resistance level, and monitor any changes in the stochastic oscillator for directional indications. It's important to note that the stock is currently trading above the middle Bollinger band, which is generally seen as a positive sign. And the MACD is bullish too! But, as always, keep an eye on those resistance levels.
Good luck!
$RDNT 👀📈🚀Just got listed on Binance. Pumped up the the 4h levels (purple) and was strongly rejected. Now its stuck in a volume dead zone and since it closed below that 4h resistance, it has to come back to retest the range it just broke out of, 0.30 - 0.39.
Considering the fundamentals on this project are great and Alt coin dominance is pulling back like a slingshot, this things gunna touch that 0.39 support and launch up to the swing 0.65 and probably bust right thru to print new ATH's.
Ill post a follow up to show you where to set your TP's when it breaks ATH's and goes into price discovery. 🫡
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