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RDDUSD

ReddCoin (RDD) Strong Breakout (100% Potential Profits)ReddCoin is having a very strong breakout, but what will happen next? I was looking at ReddCoin (RDD) earlier trying to figure out if this was a real breakout or just a manipulated pump. I couldn't figure it out at first, but it is looking real now. Above you have two charts: (1) 2 hours chart on the left and (2) a daily chart on the right. Now, before we get started, let me tell you that there will be a retrace coming. When there is a huge breakout, a retrace follows. And looking at the bollinger bands, on both the 2h and daily charts, we are already outside the band, which points to a retrace. Now, let's look at the charts: - Huge breakout on the 2 hours chart, and the RSI reaching the overbought zone. This also confirms the coming retrace. This is nothing new, just plain simple and normal. - All the indicators have turned super bullish on this time frame. - On the daily chart, the MACD just crossed over and it is showing plenty of room for growth. After this breakout is confirmed, we can expect more upward action. - The RSI is also very bullish and going up, as well as the DMI, OBV and STOCHRSI. - The STOCH indicator is reaching overbought as well, more proof that a retrace is coming soon. Note: The order book is very heavy on the sell side. How To Trade? Since RDD reached almost a 100% increase in less than a few hours, it is better to wait for the retrace before jumping in. If you do jump in on this trade, you can use the targets that I will be sharing below in order to sell for profits. Note: This is not a trade recommendation. I am not recommending this coin. But I am sharing this analysis by private request and will provide some targets for those interested. Please think carefully before trading and make sure to have a plan. Set up some goals. My strategy is always very, very simple: 1- Buy and hold. 2- Sell on target. 3- If the trade goes south, sell at stop loss price or hold for LONG and sell for profit when the time comes. * Pretty simple. Thank you for your continued support.
by AlanSantana
50
RDD/BTC + RDD/USD - Another potential 1100% [R:R - 40%:1100%]ReddCoin has been gaining traction lately, it recently rose 1300%, and we are expecting another MAX target of 1100%. It has retraced 61.8% which marks the second wave of Elliot Wave Theory and means the third wave will soon commence. Be vigilant in watching the 1.618x and the 2.618x. If it retraces at the 1.618x you may hold your long because this usually means an extended wave 5 will happen (If the retracement at 1.618x is a wave 4 retracement) Unique PoSV Concept The "PoSV," or proof of stake velocity algorithm, is a new means of validating blocks. Traditionally, coins have used proof of work or proof of stake (bitcoin and ethereum are mined using these two methods, respectively). Happy New Year!
RLong
by Godly
5
ReddCoin Is So CheapReddCoin is one of those new coins that is still very cheap. Technical analysis can help to determine whether the value will rise or not. And looking and ReddCoin it certainly has a strong growth potential considering the current price action. First of all, it has started producing higher highs and higher lows. Then, on a corrective wave down it rejected the uptrend trendline and moved higher again, rejecting the second uptrend trendline. Currently, RDD/USD is trading just above the support area that is near $0.02. Price could go higher to test one of the Fibonacci retracement levels applied to the previous corrective wave down. Strongest resistance is seen around $0.07, but break above could send it even higher. Only a break and close below the $0.008 could invalidate bullish outlook.
RLong
by CryptoPAMM
14
RDD (Redd Coin) +60% target $0.043 in 24 hoursMarkets have been weird the last couple days. I've made a bundle and lost even more by holding too long, then moving to something I expected would bounce and it fell (QTUM for example). RDD appears to have some great growth going for the past weeks and the last 3 rallies look decent. However, I've taken into consideration that the previous rallies show at 15% reduction in the gain of each rally, diminishing returns. I think it will still move positive another 60% from where we are, but it will first fall to around $0.023 cents before it bounces for the rally. So if you buy low at $0.023 or $0.025ish, then you'll see the full +91% growth once we reach the target. If you HODL from this position, I expect you'll see closer to +60%. Bitcoin seems to be pushing higher and I feel that the market is building since all of the alt coins have been down for the last few days. We had a few good rallies, but I think the pressure is building, more cash is coming into the market now that the holidays are over and given sufficient time, all of the coins will start to see aggressive growth again. Could take a week, could take a month, but I feel the pressure is building and we must just "wait for it".
RLong
by Tin.Foil
13
RDD huge potential for 800%BITTREX:RDDUSD Fundamentals Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public. Reddcoin achieves this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone. This is going to huge before Mark Zuckerberg brings in a coin for Social media. Currently, it is a rumour. Time would tell. Read more RDD www.reddcoin.com Technicals: Watching this coin for a month now, Good volume. I am long from around 35 levels, I thought it wnot wake up after John Mcaffee call. As soon as he gave a call, it was pumped to 185 (ATH) and dumped to 60 levels. I thought it is gone case, but it is really surviving. Back to 140. So I am happy to recommend this coin, even if it falls it would come back. Entry : 140 Target : 200 (Fib levels 1) 323 (Fib levels 1.618) 523 (Fib levels 2.618) 633 (Fib levels 3.618) 933 (Fib levels 4.618) I personally bought 400k coins, will exit 200k coins at 200 levels and leave the remaining to $1 value. As of now, it is at 0.01$, yes 100X. You can exit as you like. Resistance would be seen at every levels. Our previous Members only analysis
Long
by maheswar81
29
RDD: Update. New Outlook.A lot of you guys are panicking over one trade. You shouldn't be panicking over one trade. But as requested, here is my update on RDD as structure has change. My previous pattern on it was wrong. In this game, you are not right 100% of the time. But your ability to adapt to every situation and remain calm will help you succeed. I also get asked a lot where should I exit certain trades. You should NEVER enter a trade without an exit strategy. There should always be a plan for every trade you take. Also, don't follow someone trade idea on tradingview blindly, only use it as an idea to help you see another perspective you didn't see at first. Lastly, I believe the smaller coins will soon not get attention as much as the mid caps coin, as I see structure in those haven't move like these penny coins. Neo and Pivx for example, looks very bullish starting last night. What are your thoughts? Trade with care.
Long
by AbdorhmanThi
10
RDD: UpdateA lot of you guys been requesting an update for this. Well here it is. Some of you were fudding from the dump. I told you to not worry. As you can see, we are getting a nice curve up. This pattern you will see me use countless time. I hope you will be able to identify them on your own as time goes by! Long term hold for this coin. I am expecting 10-20x from investment on it. But for this trade, grabbing 50% will be good as well. What are your thoughts? Trade with care.
Long
by AbdorhmanThi
22
RDD: Possible Up MoveIf you haven't noticed, penny coins are the rage right now. As people are trying to make quick money, if you are ahead of the herd, you will be leading them. Made a lot off of DGB, XVG, BURST, and RDD last night. As late comers come in, there will be sellers for them. These guys will dip their coins as they see these coin correct. Then we will buy again at the bottom. As we can see, Redd is giving us a sideway channel. From tip to tip it can be 100% profit if done correctly. We have a possibly 2 more waves to go before a bullish breakout similar to XVG. And before you say it is a shit coin, like how people said about XVG when I made the call on it, please keep an open mind. Those who don't, missed out on Bitcoin, Verge, and more opportunities to come. So real question to you, are you ready? What are your thoughts? Trade with care.
Long
by AbdorhmanThi
9