ReddCoin (RDD) - Structure and TargetsReviewing the structure and possible targets for RDD. I have applied a rising channel and some Fibonacci projections and a Pitch Fan to try to get some insight into what this coin might do. What levels do you think RDD will reach?
Rddusdt
RDDusd cheaper than DOGE and with 1000% gain potential breaking Redd Coin seems slowly breaking out.
As it is usuall the cheap coins go easily 10x.
Reddcoin (RDD) - ReviewProjecting RDD prices using the 2.236x Wave 4 projection from the previous bull market.
RDD Ready for moonshot! See the COMPARISON!!! I did another comparison on the monthly chart, but RDD is playing EXAAAACTLY the same as 2017. The Monthly should indicate that we will pump this MARCH 2021!
If we compare to 2017, from the start of the first increase it was 50 days until the BIG PUMP!
29 Mar 2017 until 18 May 2017 = 50 days.
Comparing that to 2021, it will be breaking out March 20, 2021. It can take a little longer until early april.
In 2017 RDD pumped 5200%
18 May 2017 until 4 June 2017 = 17 days pump.
If we would pump 5200% in 2021 it would mean we will be seeing a 300 sats + RDD !
Please see the pictures below...
Fill your bags at 6/7/8 sats, this is a great bottom for re-accumulation.
twitter.com
twitter.com
Reddcoin cycle change comingThe Reddcoin market cycle began it's turn on May 11th with the disbelief spike to 26 sats.
Rdd's first cycle peaked, then had a break out 1169 days later. The current cycle hit's the same mark today at 1169 days away from the first peak of the cycle, and is coming out of the depression stage of sub 10 satoshi and is currently sitting comfortably atop that as support. The yellow base support line on the chart began Feb 27th, 2017, and is right in line with holding up the current emotional 10 sat support at the end of the downtrend line that will break before the end of the year.
With a market cap of roughly $40M as of today, and a 24h volume of 3.078 bitcoin, a 10x to 400M isn't as far off as you may believe. Rdd is still lacking in major exchange listings, any of which listings could definitely be a catalyst for the price to go up with demand. Bittrex is the main exchange, and looking at the order books, it would only take 450 Bitcoin to pump Rdd up to 120 satoshi right now. A $5M whale move could 10x the MC in seconds up to $400M, which would of course attract enough retail money to buy up the bags that were just set atop a 10x for about 1.5% of the new MC.
Created in 2014 Rdd is a benefactor of the Lindy effect where it's longevity will add fuel and trust to another run. Also, 43 of the top 300 wallets received their first coins in 2020, accumulation has been underway. Staking rewards, now tied to total number of coins staked, is currently around 10% and can't go below 5% with the new posv2 staking reward system.
I first entered Rdd at 8-9 sats in February, and added another 33% of my previous total on top of that today at 12 sats.
Targets for profit next cycle:
38 sats
82 sats
120 sats
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less likely but possible,
160
195
440
Good luck, and stay safe.
p.s. I see btc firmly claiming 14k before year's end.
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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REDDCOIN (RDD) to 1,000% After Reversal Completion - HThis is a High Risk trade until reversal or trend change happens.
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