RDDBTC ,Keep your eye on chart for hunting. Buy position is nearTechnical analysis:
REDDCOIN/BITCOIN is in a range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 40.
Trading suggestion:
.The price is in a range bound, but we forecast the uptrend would begin.
.Price is in the Buy Zone (0.00000068 to 0.00000057), we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000068)
Ending of entry zone (0.00000057)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.00000081
TP2= @ 0.00000092
TP3= @ 0.00000109
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
