Rumdig

Rumdig

The sharp rise of this coin has been quite amazing. Here we see a pennant formation with a possible trend continuation breakout. Breakout confirmation will be above the 0.00042 level

Rumdig

On a short time frame you can see that there is a divergence between the RSI and price action. A bearish flag pattern has presented itself and may materialize soon.

Rumdig Updated 

Expect uptrend. First stop 0.00126

Rumdig

Price bounced off the support line. Expected increase up to 0.00179 area

Rumdig

Based upon the two hour chart we have a strong support base at ~0.00326 with a nice double bottom. The downward trend is quickly approaching the long term uptrend which may provide a nice breakout. Please provide any insight that you may have. Criticism welcome

Rumdig Updated 

We can see from the hourly chart a descending wedge formation in the bullish trend; this is a typical trend continuation pattern. A breakout is possible with volume, make sure RSI and MACD support further uptrend movements.