Radium
Radium is it ready to go lower ?There are two quite visible head and shoulders formation on daily or weekly chart. THere are two gaps based on the weekly chart which are very nicely respected by current market. I market with yellowish rectangle the perfect rejection of the attempt to go higher. GAP erased all gains and pushed pair lower. I don't see reason why this pair couldn't go as low as 0.0005000. I wouldn't buy at this level anyway. It should touch 0.001000 level soon and let's observe what will happen next.
RADS: The Sleeping GiantRads is the embodiment of a "sleeping giant". It mainly competes with factom and civic, but has a market cap 10x less (just 15 million). It has a low supply and a low inflation rate.
Many of you have not heard of Rads... this is a good thing.
Technically, it is sitting on VPVR support (a major demand zone), and it has seen significant downside. Sellers should become exhausted around this point.
For more information on Rads, you can check here:
bitcointalk.org
medium.com
radiumcore.org
blog.radiumcore.org
Development is very active and over half the supply is currently staking off market. You can see that there is not much resistance on the sell side, so very small buying activity should push Rads up significantly.
Overview: Radium is a verification software and protocol that allows businesses and the like to ensure the validity of any transaction, file, etc .
According to Justin Jacobeen, founder of Radium, “The idea behind Radium is that everyone uses blockchains mostly for financial transactions, that is what Bitcoin is based on, that is what I would say 90% of what other coins do. But the very core of how a blockchain works, financial transactions are just information, just data, and what Radium figured is, why don’t we look at putting some other stuff into the blockchain? It doesn’t have to be a financial transaction. Why don’t we put other information, say the identity of another individual?Or why don’t we put in the information regarding like say the Hash of a file? Everyone is pretty familiar with how blockchains and financial records work. You send some Bitcoin, its incredibly hard to change that record in the blockchain because of either the proof of work requirement or the proof of stake requirement. But not we have leveraged that same security, and added that to an identity. So that if you were to receive a file, or something, you could look up that identity in the blockchain and have the same sort of confidence, that the information you are looking at, is valid, that you would as though you were looking at a Bitcoin or some other financial based transaction.”
Radium currently offers two products: SmartChain Verify and Radium Core
A wild Pterodactyl has appeared - RADSAfter following the Stegosaurus's tail nicely, hitting the 270k resistance, it went back to 190k to complete the pullback, where a wild Pterodactyil has appeared... Ready to take flight and take RADS above 300k for the fisrt time. Watch out.
RADS target 300kye, we on a bull run gain, the magical fibonacci says first target is 300k. And it can go even beyond!
Stegosaurus chart pattern - RADSLooks like a clear Stegosaurus pattern, looking for an All Time High target in the next few weeks. I'd like to add this is the most undervalued project in the crypto space. Good luck!
massive breakout just beforeh&s confirmed, but did not fullfill. breakout above downtrend. sidewards triangle. uptrend will follow!
RADSBTC range price action09th of March pair finally moved north after third rejection of strong support (three orange ticks) . Support is based on the Gap from beginning of June 2016. Pair is moving in range between 0.001500 and 0.0090000. I marked with two black parallel lines GAP which should hold further losses. This place is also very good entry point with SL set just below 0.008500 and TP at 0.00190000. I would risk and wait for 0.0025000 area to be hit. It is highest high from 22nd of March 2016.
RADS next step - MoonVery undervalued project, most active and helpful developers I've ever seen, only 1,5 M market cap, 3,1 M coins supply, Smartchain 3.0 Mercury Beta just released today, I see lots of potential. Assuming BTC doesn't do anything strange of course. Ask any question to the devs in Radium Telegram, they will kindly attend you!