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RDDBTC

RDD 2H Update Attempted Breakout Big Gains Long TermBriefly crossing 152 to 155 I felt this may be the breakout point. After a failed attempt the price keeps falling to 142 where a fairly solid support line has formed. Moving sideways in the cloud there is a ascending triangle forming towards the resistance line. Look for the price to move up if it stays above the 142 and crosses out of the cloud at the 152 resistance line. BTC needs to remain in a horizontal channel for the next few days to avoid disrupting a move. I anticipate this move up in the next 12 - 48 hours. Be patient as this trade will take time to develop again. We have had 4 days of consolidation since the last trend reversal. The more consolidation time the greater the move upon breakout. Stoch RSI, Volume, EMA and the cloud all indiacte continued conolidation for the time stated above. Once breakout finally occurs I look to the targets set in my previous charts for guidance. I am including the points again for a reference. Entry Point .00000095 to .00000110 2) Target .00000125 (.382 FIB) 3) Target .00000153 (.236 FIB) Take Profit 50% 4) Target .00000179 Take Profit 25% 5) Target .00000197 (0 FIB) Take Profit 25% (House Money Now) 6) Target .00000198 Heading to Blue Sky Stop Loss .00000066 30% +/- Close trade at .00000153 for 50% Gain New Investors Entry Point .00000142 2) Target .00000156 (.618 FIB) 3) Target .00000173 (.786 FIB) Take Profit 20% 4) Target .00000195 (1 FIB) Take Profit 20% Heading to Blue Sky 5) Target .00000257 (1.618 FIB) Take Profit 20% 6) Target .00000284 Take Profit 40% (House Money Now) 6) Target .00000358 (2.68 FIB) Remember to evaluate using your risk model and trading plan. This is a short term/ longterm trade. Patience is the Key! As always I will follow this trade and update it along the way!
Long
by vthokiee97
7
Reddcoin - Long-setup & TargetsSo, it's time to start a new Reddcoin post. I was saddened to see that Reddcoin lost it's momentum and there was a verified wave 1 months ago that validates this as a complete 5 wave structure. I'm expecting this to correct for the next month or so, I'm also expecting this to correct in the form of a wedge. I will only activate the trade if it remains in our Bullish zone on the Daily RSI over that time. But I'm expecting this correction to take us near the 1 cent mark once again. The MACD is diverging bearishly, and it is likely to finish correcting when the MACD is on the way back up. But I do not expect this correction to be all that quick. I will activate when I enter.
RLong
by Elijah_Trading
16
RDD juggs..Possible scenario for RDD. This coin has been receiving a lot of attention and volume recently. Also, being a "cheap" coin newcomers may be loading up on it. I will be looking at a buy zone around 127 sats if it follows my prediction, and/or upon breakout of resistance line upward or a bounce off of the support line upward. Possible elliott wave scenario and begging of the 5th wave, which could also be extended beyond my target easily. Target 250 for now. Trade safely and good luck guys! Thanks, let's ROLL! Stop loss if desired where you feel comfortable below support, after buy.
Long
by CAINAMOTPYRC