Short

Reddcoin is in a possible downtrend

Updated

Reddcoin seems to follow XVG and I think that that train lost it steam at the huge red candle that occured earlier. Reddcoin's indicator are not looking very dandy either. MACD and RSI are dipping and volume is decreasing. This means selling pressure > buying pressure. It seems to find support and resistance around the 63-68sats area. It it drops down 63 sats it might mean a bigger drop. I'm selling a part of my position aswell.

Note

It's testing the support at 63. If it breaks there's gonna be a new support discovered probably. Looking at 50-55 sats?

cryptoniter

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