#RDNT
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at 0.0550
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price...
RDNT ~ 5D
#RDNT Make purchases gradually when this support Block retest occurs. We have confidence that this support will be retested again. minimum target 20%+
4h time frame
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RDNT creates and retests the rounding bottom structure, that is a stable and strong structure to maintain the pumping momentum. Also, the Fibonacci Projection provides the target at the 0.49, which is the previous high, making reasonable resistance. Therefore, we can set up a trading plan here.
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TP: 0.49
SL: 0.31
#RDNT
The price touched the upper border of the ascending channel on a 1D frame
A rebound is expected for the correction before completing the rise
We have good support that pushes us to rise again after the correction
Entry price is 0.3050
First target 0.3512
Second goal 0.3761
Third target: 0.4000
Recently, RDNT got the point I was mentioned earlier in my profile.
Now, if RDNT can close above the red zone in daily time frame. RDNT also can claim other targets on the chart.
Good luck to us all.
RDNT was going slow for a long while. Usually it loves to peek when Bitcoin consolidates. But it may be different this time because in technical way it's possible for RDNT to reach 0.3850 right now.
Moving Averages looking fine for a rally, RSI above 50 in daily time frame and also more positive signals from other indicators.
In order to be sure, I'll wait...
RDNTUSDT Technical Analysis Update
RNDTUSDT price is breaking its resistance zone after 240 days of a ranging market. The high volume from last week indicates this is a bullish indication for RDNT.
Buy zone : Below $0.35
Stop loss : $0.29
Take Profit 1: $0.405
Take Profit 2: $0.495
Take Profit 3: $0.70
Regards
Hexa
