RDNBTC formed bullish Shark | Upto 16.5% bullish move expectedPriceline of RDN / Bitcoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00001617 to 0.00001563
Sell between: 0.00001691 to 0.00001825
Regards,
Atif Akbar (moon333)
Raidenbitcoin
Raiden Network Token (RDN) - Discarded IdeaI usually ignore hidden divergences when a trade setup is good. However, this an interesting exception. The previous swing high that forms the divergence is at a critical S/R level (Red Line). See, I do not draw my S/R lines the traditional way -by looking at price action alone-, I also take into account market volatility. Thus, when the hidden divergence is formed from this level, I'm gonna listen to it. It is my personal way of filtering an otherwise flimsy signal.
For this reason, I will wait for price to reach and break the red line before entering a position.
RDNBTC has completed bullish butterfly|Upto 1142% move expectedThe RDNBTC is moving withing a parallel channel and hits the support of channel.
The stochastic is oversold and MACD has already given weak bullish signals.
The volume profile is showing low interest of traders at this area.
A bullish butterfly pattern is also completed within this channel and the price action is entered in the potential reversal zone of this bullish butterfly pattern.
There are strong chances of bullish reversal from here insha Allah soon.
The targets are:
Buy between: 0.00002970 to 0.00000720
Sell between: 0.00004717 to 0.00008944
Regards,
Atif Akbar (moon333)
RaidenTokenNetwork/Bitcoin (July 29) #RDN $RDN #BTC $BTCIf RDN falls down from 2300sts, what we can do is waiting for the range of 1690-1930 to accumulate. And target is at least 2550
