Long

ReddCoin , A profitable opportunity to buy in RDDUSD. catch it!

Updated
Technical analysis:
  • REDDCOIN/DOLLAR is in a Range bound and Beginning of up trend is expected.
  • The price is below the 21-Day WEMA which acts as a dynamic resistance.
  • The RSI is at 44.

    Trading suggestion:
  • The price is in a range bound, but we forecast the uptrend would begin.
  • There is possibility of temporary retracement to suggested support zone (0.0050 to 0.0020), if so, traders can set orders based on Price Action and expect to reach short-term targets.

  • Beginning of entry zone (0.0050)
  • Ending of entry zone (0.0020)

Entry signla:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Price Action Lesson 2: Conditions of a Perfect Hammer

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 0.0084
TP2= @ 0.0110
TP3= @ 0.0153
TP4= @ 0.0335
TP5= Free
Trade active
Weekly Update: TP1 hit with 1788131 profit in 38 days
snapshot
Weekly Update: TP1 hit with 1788131 profit in 38 days


ReddCoin/Dollar
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would resume.
There is still possibility of temporary retracement to suggested support zone (0.0050 to 0.0020), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0050)
Ending of entry zone (0.0020)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Price Action Lesson 2: Conditions of a Perfect Hammer

Trade Setup:
We opened 5 BUY trade(s) @ 0.00475617 (day close price) based on reversal candle ( Hammer) at 03.17.2018.
ReddCoin , A profitable opportunity to buy in RDDUSD. catch it!

Total Profit: 1788131
Closed trade(s): 364383 Profit
Open trade(s): 1423748 Profit

Closed Profit:
TP1 @ 0.0084 touched at 04.19.2018 with 364383 Profit.

Open Profit:
Profit for one trade is 0.00119680(current price) - 0.00475617(open price) = 355937
4 trade(s) still open, therefore total profit for open trade(s) is 355937 x 4= 1423748
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.0110
TP3= @ 0.0153
TP4= @ 0.0335
TP5= Free

Technical analysis:
ReddCoin/Dollar is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 62.
Trade active
Weekly Update: TP2 hit with 1,652,666 profit in 54 days
snapshot
ReddCoin/Dollar
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would resume.
There is still a possibility of temporary retracement to suggested support zone (0.0050 to 0.0020). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0050)
Ending of entry zone (0.0020)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Price Action Lesson 2: Conditions of a Perfect Hammer

Trade Setup:
We opened 5 BUY trade(s) @ 0.00475617 (day close price) based on reversal candle ( Hammer) at 03.17.2018.
ReddCoin , A profitable opportunity to buy in RDDUSD. catch it!

Total Profit: 1788131
Closed trade(s): 988766 Profit
Open trade(s): 663900 Profit

Closed Profit:
TP1 @ 0.0084 touched at 04.19.2018 with 364383 Profit.
TP2 @ 0.0110 touched at 05.02.2018 with 624383 Profit.
364383 + 624383 = 988766

Open Profit:
Profit for one trade is 0.00696917(current price) - 0.00475617(open price) = 221300
3 trade(s) still open, therefore total profit for open trade(s) is 221300 x 3 = 663900
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.0153
TP4= @ 0.0335
TP5= Free

Technical analysis:
ReddCoin/Dollar is in a range bound and resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
Relative strength index ( RSI ) is 39.
Chart PatternsdollarTechnical IndicatorspriceactionrddRDDUSDreddcoinreddcoindollarreddcoinusdTechnical AnalysisTrend AnalysisUSD

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