RDNT detailed analysis
**Detailed Analysis of RDNT/USDT 5-Day Chart**
**1. Trend Analysis**
- The chart depicts a **falling wedge pattern**, a bullish reversal signal.
- There has been a consistent downtrend with multiple sell signals in the past.
- However, recent price action suggests accumulation, with a "Buy" signal appearing at the lower boundary of the wedge.
- The stochastic RSI at the bottom indicates **oversold conditions**, hinting at a potential bounce.
**2. Buy Zone**
- The **best buy zone** appears within the **0.025 - 0.032 range**, aligning with support levels from past lows.
- The **falling wedge breakout level** around **0.035 - 0.038** would also serve as a confirmation entry for those preferring less risk.
**3. Sell Zone (Target Levels)**
- The first profit-taking zone is at **0.075 - 0.105**, marking a **254% potential upside**.
- If momentum continues, an extended target sits around **0.365**, the last major resistance.
**4. Risk Management**
- **Stop-loss:** Below **0.025**, invalidating the falling wedge pattern.
- **Risk-to-Reward (RR) Ratio:**
- Buying near **0.030**, stop-loss at **0.025**, and target **0.105**, offers an RR ratio of **1:10**.
- Conservative traders can aim for **0.075** for an RR of around **1:6**.
**Final Strategy & Execution Plan
-Buy Zone: 0.025 - 0.032
-Stop-Loss: 0.025 (tight) or 0.022 (safer)
-Take Profit:
--TP1: 0.075 (first resistance, safe exit)
--TP2: 0.105 (key breakout target)
--TP3: 0.365 (long-term hold)
**Confirmation Requirements:
-Breakout of wedge above 0.035 - 0.038
-RSI & Stochastic RSI bullish crossover
-Volume increase
Disclaimer: This is not a financial advice, just an educational content. DYOR
**1. Trend Analysis**
- The chart depicts a **falling wedge pattern**, a bullish reversal signal.
- There has been a consistent downtrend with multiple sell signals in the past.
- However, recent price action suggests accumulation, with a "Buy" signal appearing at the lower boundary of the wedge.
- The stochastic RSI at the bottom indicates **oversold conditions**, hinting at a potential bounce.
**2. Buy Zone**
- The **best buy zone** appears within the **0.025 - 0.032 range**, aligning with support levels from past lows.
- The **falling wedge breakout level** around **0.035 - 0.038** would also serve as a confirmation entry for those preferring less risk.
**3. Sell Zone (Target Levels)**
- The first profit-taking zone is at **0.075 - 0.105**, marking a **254% potential upside**.
- If momentum continues, an extended target sits around **0.365**, the last major resistance.
**4. Risk Management**
- **Stop-loss:** Below **0.025**, invalidating the falling wedge pattern.
- **Risk-to-Reward (RR) Ratio:**
- Buying near **0.030**, stop-loss at **0.025**, and target **0.105**, offers an RR ratio of **1:10**.
- Conservative traders can aim for **0.075** for an RR of around **1:6**.
**Final Strategy & Execution Plan
-Buy Zone: 0.025 - 0.032
-Stop-Loss: 0.025 (tight) or 0.022 (safer)
-Take Profit:
--TP1: 0.075 (first resistance, safe exit)
--TP2: 0.105 (key breakout target)
--TP3: 0.365 (long-term hold)
**Confirmation Requirements:
-Breakout of wedge above 0.035 - 0.038
-RSI & Stochastic RSI bullish crossover
-Volume increase
Disclaimer: This is not a financial advice, just an educational content. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.