RDN Crunch TimeDepends whether support holds or not. Would recommend shorting on whatever bounce happens afterwards if there's no volume to support it.
RDN
RDN direction, my first chartJust a newb trying our new things. This chart shows the general channel RDN is taking and potential resistance levels it will encounter.
Raiden NetworkRaiden will go for a re-test of resistance soon! We can observe and look for the possible break-up up! Indicators on the daily are not great yet! So we can bounce and consolidate for 2 more days! its worth getting a position and catching the upside to the first resistance!
"The killer application" of Ethereum family!"The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments."
Reads the Raiden website.
Fundamental
I've had Raiden for a decent amount of time now ( added to portfolio spreadsheet 6 December ), and while it is up, it has not impressed. If you consider the growth in the overall market it should have done much better.
But let's focus on the future. I believe Raiden could have a good one. And if you're not already in, I think Raiden is undervalued and a good buy for the day.
So.. What's attractive about the Raiden Network?
It's Ethereums try for an off-chain solution, the competitor of Lightning Network sort to speak! (read Buterin's blog post about scaling)
And it's needed. People are pouring into crypto, and the tech havent been able to keep up.
It's expensive to move money around this ecosystem now, atleast if you dont really know what you are doing.
What about Plasma, what if it replaces Raiden?
Thats far into the future and have to be addressed when the time is right. But I concluded with FUD after researching the matter.
My portfolio is not very connected to the Ethereum family.
As I am not very bullish on Ethereum as a whole.
Raiden is my counterbet, sorta.
Sidenote:
Notice how the major coin pumps lately have happened on Binance ? (TRON, VERGE, AERON etc..)
It's because that's where the new money are pouring. It's one of the few that has open sign-ups and a lot of volume.
In the next weeks when I eventually go hunting for new coins, Binance will be my playfield.
Raiden is on Binance btw ;)
Technical
Charting these BTC pairs is not my favorite thing to do but lets what I got :)
I think we could see an ordinary impulse wave from Raiden, and I marked the areas where I think the highs and low could form.
BTC movement plays a large role in these pairs, but I've laid out my best bet on what could happen.
Target for Raiden is 20-30 USD . That would mean 1-1.5B marketcap , which seems realistic to me.
It's not a very large timeframe I have put this in, but lets see what happens, and I'll keep updating along the way :)
Raiden Network Token - RDN , Binance, The Coin for 2018 ?Under value now. I did buy some Raiden Network Token - R D N on Binance and waiting for 2018 to begin.
docs.google.com
or
www.countup.io
My bet is on R D N. :)
Radian $RDN Breakout from 5 month base Notes on chart. Radian has been somewhat beleaguered until recently. Now it's heading higher on loose monetary policy statement. With some volume this week, could go much higher. Target 20.00 in 3 months.
