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
RDDUSD
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
RDD Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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Redd Coin-It's time to role! You heard it first here!The dates are from September 25 +/- three days where a definite jump should occur on September 23 followed by a drop in consolidation and a boom again on Nov. 09. If I am right, then you heard it first. The tp should be around .00000105 btc. In my humble opinion and not investment advise.
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/Dollar is in a downtrend 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.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00150). 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 (0.00150)
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/Dollar is in a downtrend 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.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00150). 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 (0.00150)
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
Reddcoin Hitting Same Support AgainOn the 7th of January, Reddcoin has reached an all-time high, hitting $0.032 level. Then price corrected down sharply and stopped near $0.0044 area, resulting in a 87% loss to the USD, in just one month.
The $0.0044 area is the 88.6% Fibonacci retracement level, that has been rejected. And looking at the chart, since December 2017 up until now, this level has been rejected at least four times. The most recent rejection occurred on the 13th of June, and RDD/USD has already gained 30% since then.
Perhaps the wave pattern could continue, and if price will stay above the support, RDD could reach the $0.01 resistance area in the very near future. This is a key technical as well as psychological resistance level that should be watched closely. Break above it could be the confirmation of the uptrend, resulting in an exponential growth.
But if RDD will break and close below $0.0042 low on a daily chart, price might enter the consolidation period or even result in a downtrend continuation.
RDD/BTC Analyzing REDD, it looks that this coin is a standard coin, resmbling to most of the other crypto coins. In the future it seems, it is going to have a deal with a game company and a return to the stream. I think it is a coin more suitable for the short term profits, but I do not see it promising for the long term. I recommend GIFTO instead of it.
The Fibbonaci indexes on my graph (based on Tomdemark and StochRSI) it can be seen that there is not going to be a big break of this coin unless the BTC rises and thus REDD is expected to fall to the support line.
Trading Scenario RDD-USD (17 May 2017 - 26 May 2017)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading RDD-USD from 17 May 2017 to 26 May 2017, on the Daily Chart.
In this trading scenario, on 17 May 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment capital. Entry price $0.00013090
On 26 May 2017 we've got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $0.00127554
PROFIT: 870%
About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital.
I wish all of you, the best trades, and very green profits!
Peace and Love
Global Crypto Trader
-----------------------
DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
REDDCOIN MANY OPPORTUNITIESHow many % of profit could have been made if you just follow the 20MA... Its crazy... Next time look for market down move look for RSI on higher TF and then hop on the trend.
ReddCoin , A profitable opportunity to buy in RDDUSD. catch it!Technical analysis:
REDDCOIN/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0050 to 0.0020), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0050)
Ending of entry zone (0.0020)
Entry signla:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0084
TP2= @ 0.0110
TP3= @ 0.0153
TP4= @ 0.0335
TP5= Free
RDD forming symmetric Inverse Head & Shoulders RDD is forming a symmetric Inverse Head & Shoulders indicating a reversal of the current downtrend from the all time high in January. The 20 day moving average is also about to cross the 200 day moving average, which historically has been correlated with an imminent impulse. Look at the chart what do you think. Like Follow Comment and lets get shwifty ;)
REDDCOIN (RDD) to 1,000% After Reversal Completion - HThis is a High Risk trade until reversal or trend change happens.
Reddcoin has a bright profitable future, we will keep our followers and members available.
Comment with any questions.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
RDD is showing positive signs, time to buy?Hello Friends,
RDD, our old favorite coin is on support around 67 sats and decent bounce from the support.
Currently trading at 72 sats. With RSI and MACD showing positive signs and Price is trading above the 5 MA.
One can buy at 72 sats and Book profits around 96 sats which is triangle resistance. 50 MA, 100, 200 MA can act as resistance, comparing to the past, Price has easily broken those levels, so I expect the triangle in no time.
Note: Bitcoin price can impact the alts coin price. So play with caution and stoploss.
Return of the AltsA crucial part of my ALT analysis comes from Reverse cyclicality to BTC from date DEC 18 where they break previous levels. short list of alts include XRP TRX QTUM XVG SC RDD.... list goes on actually. TRADE YOUR FIBS WELL. MANY have a fib resemblance if you look for it! This analysis comes with btc return to 5k & 3k level hover for 6-9 months before return of btc.
Please keep in mind since the creation of cryptocurrencies, it has acted as a VIRUS on the current fiat financial system. Backed by WW2 German Encryption & nuclear 2 key Authentication, making it virtually unhackable, and unstoppable. I expect most governments and banks to take the stance against it until 2022 where mass forced adoption will take place due to failing financial institutions. ONCE a coin goes live, it is virtually impossible to take down!
I know these are, or may seem to be wide and outrageous predictions, this will be backed up with lots of research in following post on the NIKKEI, DOW, and GOLD/USD INDEX.
ReddCoin Target MapReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend.
History could repeat itself which means ReddCoin is on its' way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD.
On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom.
Triangle meets fib time zone: RDD a buy?RDD is tightening.
It has found strong support and been travelling horizontally.
It has also dropped to 60% fib retracement from last wave.
Fib time zones indicate a change at precisely the tip of the triangle.
Keep an eye out.
As the market is currently going up, and technicals indicate a good buy, I'm leaning towards a positive turn.
RDD - Rising Wedge///?The more I look at this, the more it seems likely///Any thoughts, comment. Keen to get some ideas.
This is by no means investment advice of any kind.
GMTK
RDD - Low hanging fruit?New channel - Decent Vol. - New Korean Exchange listing - Expecting a retest of the bottom of the channel
As long as this keep laddering up, this should hold moving forward, less any BTC/ FUD power moves.
This is by no means any kind of investment advice.
GMTK