RDDBTC trade ideas
RDDBTC Reddcoin. Bull RunSo, generally what do I see from RDDBTC graph is that it touched 4/1 support line and bounced, it may be a confirmation for trend reversal. Slow Stochastic indicator confirms upward movement by breaking lower border and price didn't go lower. Buy zone: 74-80, Sell zone: 150-170. Stop-loss at 66. Good Luck !
A Good Year for RDDMy first idea. Please give feedback.
BITTREX:RDDBTC is setting itself up to be a good year. Definitely has a use though one of the highest total supplies.
Checkout out other coins of that total, BINANCE:TRXBTC has exploded as one example.
This coin seems to have a great following on twitter, which is a good indicator of sentiment.
My target is 130 first.
So far it's sticking to the channel, which is pretty exciting.
Stop loss is at maybe 80, but if you haven't got millions of this coin, it's so low, I'd go even lower maybe.
RDD 2H Chart 50% Gainer 100% - 10,000%Here is another trade for everyone! In my trades I am hoping to find quick gainers for folks looking for short investment cycles as well as trades that can be held for long term higher returns. I intend to provide entry points, trade targets, profit gathering plans and stop losses. These trades are based on chart research, technical analysis , and current media/ market perceptions. I advise how I plan to take my unrealized gains(profit) from the trade until I have recouped all my initial investment. At this point you will be trading on house money.I also will point out at which point you can take the initial profit as suggested by the chart for quick gains. As always this is my trade opinion and the strategy i am implementing for my trades. Do your own research and never risk more then you can afford to loose. Please feel free to ask me questions and or comment your thoughts on my ideas.
Thank You & Good Luck!!
Entry Point .00000095 to .00000110
2) Target .00000125 (.382 FIB)
3) Target .00000153 (.236 FIB) Take Profit 50%
4) Target .00000179 Take Profit 25%
5) Target .00000197 (0 FIB) Take Profit 25% (House Money Now)
6) Target .00000198 Heading to Blue Sky
Stop Loss .00000066 30% +/-
Close trade at .00000153 for 50% Gain
Remember to evaluate using your risk model and trading plan. This is a short term/ longterm trade. Patience is the Key! As always I will follow this trade and update it along the way!
RDD 30 MinuteRDD in a descending channel looking to breakout above .0000066. The channel is consolidating towards the support line at 66. If the Breakout can cross over the two resistance lines then it should move to 144 before stalling. This looks to be a 5 to 8 day move based on the current volume. There has been an increase in buying support in the last 24 hours. if BTC stays stable then this scenario is likely. If you scroll over the target area you can see the estimated gains on a $1,000 investment @ 75. If we fall below 45 then the bottom looks like 10. Favorable tech news on this coin and recent increase in interests show huge potential.
Targets
1) 75 Entry Point
2) 95 Resistance Line
3) 105 Resistance Line
4) 144 Resistance Line take 20% Profit
5) 179 Resistance Line take 55% Profit
6) 194 Resistance Line take 25% Profit
7) 196 Open to Blue Sky Playing with house money
This is a long term trade. Patience is key! Hodl this coin