RDN
Raiden Network (RDN) is going to boom. first target at +400%RDN has been moving in a very low area of the chart for the last 2 years and a half, and we can read several trend inversion signals from the weekly chart and other timeframes.
-huge descending wedge formed and now price is challenging the upper resistance for the third time, expected breakout
-volume raising (bullish divergence) with some green peaks
-new all time low set
-all main moving averages are going to be retested for the third time.
When price will be able to break them, we will see a big jump, at least at 6000 sat where 200 weekly MA sits.
Target for this action is top of wedge - around 10000 sat.
cheers,
Baked Finance
this post is for educational purposes and not financial advice. do your own research first.
#RDNBTC 269%+ Potential Rally aheadWelcome to this quick Trade Setup, everyone.
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RDN broke out of the 168 days resistance trendline.
This is a daily chart so it's highly likely we will see a good rally here.
It is currently retesting the resistance turned support.
Also trading above both 50D and 21D MA.
The on-chain shows big accumulations of almost $1.2 million worth of buys in a single day, a steady accumulation since the last few weeks. No major pump is seen to this day.
Accumulation Range:- 980 sats to 1150 sats
Targets:-
1465
1692
1858
2401
2993
3453
Stop loss:- 841
DYOR before taking this trade.
Also, I keep an eye on the Dominance chart. IF BTC.D bounces and becomes bullish I exit my ALT/BTC Pairs.
If that scenario comes I'll let you know so don't worry.
What's your thought on this?
Do hit the like button if you like this trade setup and share your views in the comment section.
Thank you
#PEACE
Possible Long Position RDN!!ASX:RDN
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.046
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.046
Target 2 @ ....
Risk/Reward @ 1.7.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
RDNBTC (19.04.2021)At the 1M chart, the price broke the downtrend, forming the first upside impulse.
Besides, the trendline was broken on a significantly increased sales volume, indicating that a major player was forming a long position.
On the 1D chart, the price is correcting and is currently trading between 50% and 38.2% Fibonacci levels.
We recommend buying RDNBTC to take profit at 0.000065 / 0.00012 / 0.00018 levels.
RDN On a Moon Mission The coin has been consolidating for 1 year and has started picking up volume for a chance to finally start to tick to the upside. the Take profits have been set in 3 points - if it breaks up it will go parabolic.
Trade will be a risky one so please play it with caution- high volatility!
RDN-BTCGreetings,
speculation coin, has main trading volume on binance but is also available on other exchanges huobi, Uni, 1inch. If binance does not delist then the idea has room for attention.
On the weekly chart, the price has formed a wedge.
Daily chart
The price fell almost without a pullback from the previous bounce, forming an arc. It is possible formation of a bowl, with the "neck" level at the price of 4500 satoshi.
At the moment, the local trend is pushing towards the 1400 satoshi zone, the price has formed an ascending triangle, or "bowl with a handle", volatility is narrowing.
A breakdown and confirmation of the support of the 1400 level will be decisive for a further price move, after which a further uptrend will begin.
In case of a breakdown of the triangle downwards, and fixation below 840 satoshi, will develop a local low trend, where the first area of interest of the buyer at the "bottom" of the 500-550 satoshi bowl.
Trading ideas.
Weekly chart - breakdown and confirmation of the wedge trendline support, potential for a price move along the levels.
Daily chart
Rising triangle (bowl with a handle) - breakdown of the "neck" line or from the lower edge of the triangle 850 satoshi, potential for 170% +
Concave bottom - break and fix above the 1400 satoshi zone, or from support +/- 850 satoshi 200%+.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
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RDN/BTC IHS/BARR bottom accumulationRDN looks ready to break out of this BARR bottom setup into a bigger inverse head and shoulders pattern on the weekly, then into an even bigger IHS on the daily. Nice bullish patterns!
Both IHS targets and both BARR targets are marked on the chart.
Potential return: ~1200%
RDN - Patience is a Profitable Thing to Have!💸💸RDN is soaring, as anticipated.
Lots more room to go here :) remember patience is your best wapon here
RAIDEN Medium Time Frame TargetsI am expecting approximately 90% profits on this trade BINANCE:RDNUSD .
Thank you and good luck!
RDNRDNUSDT potentially breaking out of a inverse head and shoulders. X = Stop loss; circles = take profit targets. You can divide your profit taking in thirds or take all at the final target.
Thank you and good luck!
💎RDN - Breaking out and Ready to Fly! Lets go!🚀RDN, a project by brainbot labs based in liechtenstein, is essentially ethereums version of BTC's lightning, or that's what they tout anyway.
Chart is looking STRONGLY bullish and I would not be surprised if this goes super nova here very soon.
Clear breakout, volume going crazy, nice low cap coin too at just under 41m currently. Going to see a massive jump up I predict.
RDN/BTC Setting up for a big recoveryRDN as a scaling solution like OMG and MATIC is bullish by design.
It suffered a lot and starts to fight back as volume starts to grow.
This could be a hidden gem, but be aware that small cap stuff is more risky.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Cheers
RDNBTC Long Trade Setup BINANCE:RDNBTC is looking bullish .
It breakout from some major resistance zone .
Accumulating here for given target .
Will update from here .
RDN Raiden Network Token Daily Trade Setup RDNBTC RDNUSDT RDNUSDRDN Raiden Network Token Daily Trade Setup RDNBTC RDNUSDT RDNUSD
RDN/BTC (Good Bounce @ Key Support?)💎Technical Analysis Summary💎
BINANCE: RDNBTC
-Raiden Network Token tested the key area of support and saw a good bounce
-Though this is a good sign because the support is being respected
-But this is still not enough to confirm a reversal of the downtrend
-We need to see reversal patterns like Double bottom or IH&S patterns
-Until we see multiple reversal signs, this small rally will not hold longer
-I recommend to wait and be patient until the key signal shows up
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RDN - Raiden Network Token formed a double bottom, ready 2 breakRDN in US$ value on the 1 Day charts seems likes it has formed a double bottom and about to break out, potentially to the $0.44 value. On the MACD chart, the signal has crossed the MACD line in an upwards trend in positive territory. RSI is below 60 and Stochastic RSI is yet to be maxed out above 80. This could potentially signal a big break out, keep a close eye on it, DON'T BLINK or you will miss it.
RDNBTC | Analysis
RDNBTC just broke out of its major resistance area.
Now would be a good entry point.
Stoch RSI bottomed and is reversing bullish.
50, 200 Day MA formed a golden crossover.
Take profits are 38%, 82&, 120% respectively.
Thank you!