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
RDNBTC 1Mtest
Developed by Brainbot Labs Est., the Raiden Network is an off-chain scaling solution, enabling quick and cheap payments. It is Ethereum's version of Bitcoin's Lightning Network. It complements the Ethereum blockchain and works with any ERC-20 token.
RDN/USDT 1D UpdateRDN 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.
Accumulation Range:- 980 sats to 1150 sats
Targets:-
1465
1692
1858
2401
Stop loss:- 841
Rembebar.This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade..
Happy trading...
Thank you...
#RDNBTC 269%+ Potential Rally aheadWelcome to this quick Trade Setup, everyone.
If you are reading my updates for the first time, do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
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
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-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.
If you found this information useful, please like it and subscribe to it, so as not to miss anything.
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%
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
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
RDN/BTC (Daily Pullback)RDN/BTC
-Raiden Network Token is now pulling back to key areas of support
-The important level to be watching is around 2800 sat area
-This is a confluence of previous resistance turned support
-And additional support Fib level at 0.786
-Be sure before entering a position, wait for any Bullish signs of reversal
-We want to reduce the risk involved as much as possible
RDNUSD pullback-retryOver the last few days RDNUSD RDNBTC daily reached the target I marked in my earlier posts, had a pull back to the top of the channel, and no is going to retry the previous target again (1.6).
It is possible that after some resistance at Channel Fibo-1.6, it may break through the resistance line and head to the 2nd target (Fibo-2 and 2.6)
Bear in mind that a heavy resistance may happen at Channel Fibo-2 and we can expect reversal.
Of course, the resistance points might be too strong to break through, so Either Way, stick with your trading strategy and follow your risk management plan.
Happy Trading
RDNBTCRDNBTC weekly has been following a channel (Grey colored) and a Pitchfork (Multicolored).
Check my RDNUSD for the possible targets.
Here I buy Raiden Network and RDN will go upHere I buy Raiden Network
and Raiden Network will go up.
The price is testing the major resistance,
so now I load my bags and the bullish breakout will start. And Raiden Network will go up. See you up there
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!
RDN/USD +1700% Ichimoku Cloud Edge-to-Edge HopiumRDN/USD 1W Ichimoku Cloud potential edge to edge trade of +1700% if cloud resistance broken.
Price is above Tenkan line (blue) and consolidating below Kijun line (red) and cloud resistance.
Seems to be forming some sort of bull flag/ ascending triangle on the 1D chart.
Lagging span (green) has made its way above price action indicating bullish momentum.
High timeframe momentum oscillators are leaning bullish.
Lettuce pray for this meme.
Happy trading :)
Raiden Network Token, Another Bullish BreakoutMany altcoins are starting to grow just like we were expecting. This is great news because the projection is green long-term, cryptocurrency can be used to diversify from conventional markets.
The risks are higher but also the potential rewards.
Here we have Raiden Network Token (RDNBTC) producing a bullish breakout.
Prices are now trading above EMA10, EMA50 and EMA100.
A strong volume bar just showed up today.
The MACD is strongly bullish and the RSI as well.
Here we are looking at a bottom bounce after a new All-Time Low, this new green candle is only the first one of many more to come.
Thanks a lot for your continued support.
Namaste.
RDN/BTC (Strong Breakout; hitting key resistance)RDN/BTC
-over 90% price pump after cross ultimate indicator flashes
-the price is hitting mid resistance area
-I do not recommend to buy at this level
-already missed the best entry point
-if you like to trade this coin
-wait for the consolidation or acceptance above the 2300s
-this will give extra confirmation that the bull
-have taken this new area of support
-and continue higher up to 2800s