Reddcoin in ASCENDING triangle, BULLISH! Short term analysis We had a great rise earlier this month! After the big price increase we fell down a bit.
Also 10th of April a lower high. As you can see, we moved down in a descending triangle. (Red triangle)
As you can see now Reddcoin broke out of the descending triangle today 18th of April!
As you can see we are now in an ascending triangle (blue triangle).
The black line is my price prediction. End of April target: 0.001950 - 0.0021$
I expect at the latest half May a big price movement.
I think now it's a great moment to buy before the altcoinseason starts!
My previous analysis was 100% correct :)
Rdd
There is a possibility for the beginning of an uptrend in RDDUSDThere is a possibility for the beginning of an uptrend in RDDUSD
Technical analysis:
. REDDCOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00110000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00159400)
Ending of entry zone (0.00110000)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00200400
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01503000
TP10= @ 0.01836000
TP11= @ 0.02914700
TP12= Free
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. REDDCOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00159400 to 0.00089390). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00159400)
Ending of entry zone (0.00089390)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00200400
TP2= @ 0.00270300
TP3= @ 0.00375000
TP4= @ 0.00507000
TP5= @ 0.00598000
TP6= @ 0.00714000
TP7= @ 0.00840000
TP8= @ 0.01169000
TP9= @ 0.01503000
TP10= @ 0.01836000
TP11= @ 0.02914700
TP12= Free
RDD-BTC Long Term Long Trade PlanCommodity : REDD COIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 weeks
Investment in trade : 3% of the total Trading Balance.
Prospective Profit : 22% to 108%
Prospective Loss : 16%
RRR : SL to TP1 is 1.4, SL to TP2 is 2.6 , SL to TP3 is 4.8 and SL to TP4 is 6.4
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
ReddCoin Gives A Strong Breakout[RDDBTC](515% PP)ReddCoin (RDDBTC) finally prints a strong breakout... I will say this before even starting; RDDBTC will generate massive gains in 2019... So hit LIKE so that we can continue...
ReddCoin (RDDBTC) daily chart analysis
The chart above is pretty classic for a cryptocurrency that has been on a bear market for long. We see long terms of bear action, followed by short but strong waves up.
These waves up can last several weeks to a few months. You can see them above marked with green on the chart.
Right now we have a very strong breakout, great volume, which moved RDDBTC price above EMA50 and EMA100, and reached all the way to EMA200 (MA200) where it found resistance and retraced.
The RSI is super bullish, in fact, already reached overbought, so you can expect a retrace.
The MACD printed bullish divergence for long, there is also a bullish crossover and it is now on the bullish side.
RDDBTC will generate great profits. 365% Profits Potential (PP) to January's 2018 top price and over 500% to a new ATH.
Hit LIKE TO SHOW YOUR SUPPORT.
Buy in, targets, stop loss and trade details below.
Trade instructions for ReddCoin on Bittrex
Buy in: Up to 44
Targets for RDDBTC by Alan Masters:
(2) 54
(3) 64
(4) 86
(5) 102
(6) 122
Long
(1) 157
(2) 179
(3) 196 (All time high)
(4) 271 (new high)
Stop loss: Close weekly below 28.
I AM LOOKING TO MAKE MONEY
Money is not only about money if about accumulating money you want to talk.
Money has many aspects, to get money you have to get your mind and body involved.
It is not only work, it is not only opportunity and luck.
It is about your mentality, your health, your desires, your wisdom and what in this life you really want.
So if you are looking to make money first focus on what the money will bring to you once it is yours.
Will this money bring happiness, freedom or allow for a change of environment or clothes?
Understand the meaning of money, to you, use that understanding to attract the feelings that you really want.
Once you know your true desires and decide that money can help you in seeking what you are...
Now you can start working for money, asking for money, attracting money...
Because deep down, you know that it isn't money... You are aware of what you really want.
In some cases it might simply be the material things that money can purchase, but in the majority of the cases people will be looking for freedom, security, peace, tranquility, happiness and all the beautiful things that we have experienced from the first day that we were born.
Yes I am looking to make money, but money is only a tool... A tool that can be acquired with patience...
PATIENCE IS THE KEY TO IT ALL!
Namaste.
ReddCoinRDD has seen a significant rise in the market in the last 24hrs (6.76% to USD and 1.13% to BTC, according to coinmarketcap)
I cannot see RDD doing well for a whileThe launch of #ReddID was a bit of a flop and the market is not being fooled by it all.
The price of RDD is probably going to keep going down for a while... until the next pump.
- RSI is also not very good, (neither up not down)
- MACD is very flat, showing that only the holders remain .... (the volume is also low).
Maybe in the new year, if/when ReddID fulfils its +4 years old promises.
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00175). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00231)
Ending of entry zone (0.00175)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00368
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00175). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00231)
Ending of entry zone (0.00175)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00368
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000048 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000048)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000048 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000048)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000047 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000047)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
There is a possibility for the beginning of an uptrend in RDDBTCTechnical analysis:
. REDDCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000047 to 0.00000041). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000047)
Ending of entry zone (0.00000041)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000057
TP2= @ 0.00000062
TP3= @ 0.00000072
TP4= @ 0.00000081
TP5= @ 0.00000095
TP6= @ 0.00000113
TP7= @ 0.00000147
TP8= Free
RDD ReddCoin to BTC AnalysisI beleive a breakout at the end of 2019 is likely due to the macro energy buildup behind ReddCoin, represented by the two sine lines and the horizontal fibonaccis.
Disclaimers, not intended to be financial advise.
I am not holding any ReddCoin at this time, but I am considering entering in the upcoming months if the chart starts to show signs of a bullish reversal or uptrend.
Biffy
$RDD, Sipping You…
Weekly
Looking at our trend timeframe we see price has found resistance at 80 satoshis, stochastic rsi showing momentum was in favor of bulls. Waiting for our weekly candle to close to confirm our lower high, expecting a lower low near 20 satoshis.
Daily
Shifting over to our pattern timeframe we see price making its way towards our dynamic and horizontal support at 50 satoshis. Stochastic RSI showing momentum in favor of bears with no signs of reversal. A daily close above 60 and expect a push towards 75, however a daily close below 50 and expect a sell off towards 35.